FX:EURUSD   Euro / U.S. Dollar
On FX:EURUSD             , the market not trending on hourly chart. The price formed triangle (it can be pennant in the 4H bars), it means not bears nor bulls are in control the price. It is consolidated and we have to wait the perfect moment to see who gets the control and trade on their side. In this point, wait for the breakout confirmation and then enter.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - http://www.trading-library.com
Top 10 Forex Brokers List - http://www.best10forex.com
Nice analysis. What would you consider breakout confirmation? Would you use the stochastic?
Reply
when the bar closed out of triangle. I only use stochastic for Divergence purposes, not as overbought/oversold.
+2 Reply
clawrine Art_of_Trading
Ok, thank you for the info!
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out