Looks like another great trade setup is establishing itself for us to capitalize on!
Here are the criteria for a long:
1. Support is respected.
2. Green daily pip at the support level, and with a 4H green pip!
3. MACD begins to round off
4. RSI begins to round off as well!
5. No major news!
6. No major financial news!
7. Once above 20 pips in profit place a SL at 3 pips profit.
Here are the criteria for a long:
1. Support is respected.
2. Green daily pip at the support level, and with a 4H green pip!
3. MACD begins to round off
4. RSI begins to round off as well!
5. No major news!
6. No major financial news!
7. Once above 20 pips in profit place a SL at 3 pips profit.