Here's a simple and cool model, I'll explain why:
Last week we exceeded the average moving 200 and we were sure that this is the eurusd returns to the upward trend but the candle closes in the form of a star (warning of a changing trend, the next candle must be red to be verified)
Indeed, this week's candle is red, the eurusd has fallen back below the 200 moving average, meaning that the trend is returning to a downward trend.
Target: 1.1150.
In case the Eurusd rises back above 1.1330 then see this review as canceled.
Last week we exceeded the average moving 200 and we were sure that this is the eurusd returns to the upward trend but the candle closes in the form of a star (warning of a changing trend, the next candle must be red to be verified)
Indeed, this week's candle is red, the eurusd has fallen back below the 200 moving average, meaning that the trend is returning to a downward trend.
Target: 1.1150.
In case the Eurusd rises back above 1.1330 then see this review as canceled.