colonelkink

Look for EURAUD short trigger here

FX_IDC:EURAUD   Euro / Australian Dollar
EURAUD is inside shadow pre-identified in previous post. Goto back story for basis of this discussion.

The boundaries of current resistance/shadow zone are 1.5717 and 1.5618. Black candle last Friday is a price reaction or rejection to this zone.

Since today is up we have luxury to wait and see if another rejection in the daily chart . Window panel below shows CCI with period setting 14. CCI already touched and rejected 100. If there is a concurrent rejection of 1.5717 by price candle accompanied by another indicator rejection at CCI=100 then this could be trigger. SL would be placed above high of black candle last Friday of this a new high is created before the trigger appears.
Jun 24
Comment: If in doubt use Heikin Ashi trigger based on change of colour. Before candle changes colour it is usually preceded by candles that narrow. This should give ample warning.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out