here is my idea for eurgbp short
this idea is based on following rules:
- nadaraya watson > a few candles before we had a bearsignal
- high wasnt broken for 2 times
- market was bullish for 2-3 weeks
- at the moment of publishing the tradeidea, the currency strength meter showed GBP VERY STRONG, EUR STRONGEST WEAKEST PAIR
- trading above weekly pivot, week before and the week before the week before we had weekly pivot on nearly same area... will market go down to test this area and than go higher
this idea is based on following rules:
- nadaraya watson > a few candles before we had a bearsignal
- high wasnt broken for 2 times
- market was bullish for 2-3 weeks
- at the moment of publishing the tradeidea, the currency strength meter showed GBP VERY STRONG, EUR STRONGEST WEAKEST PAIR
- trading above weekly pivot, week before and the week before the week before we had weekly pivot on nearly same area... will market go down to test this area and than go higher
weekly pivot acting as support?
stoploss sits on entry.