SimpleTradingTechniques
Long

EURUSD - BULLISH Strategy

FX:EURUSD   Euro / U.S. Dollar
74 2 7
Go long the EURUSD             if it trades at 1.1332 or higher. If triggered, place your stop at 1.1225 and exit the position for a profit at 1.1420 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).
Order cancelled: the confirmation rule was not met.
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Hi, really nice simple strategy you have. I have a question about this set up. Why did you choose the bullish strategy? Why not bearish when price go below the low of previous candle?
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I choose bullish because price is above the buy/sell line (50 sma), the black line on the chart. The buy/sell line is what i use to determine whether i buy or sell, so if price is above the line i will look for buy setup and if price is below the line i look for sell setup. I think the buy/sell line is the best indicator to use to determine the overall trend of the market for a financial instrument.
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