green lines are based off of 50% weekly / daily fib levels along with key support and resistance levels on higher time frames as well.
thoughts? comment below! :)
Trade closed: target reached
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i forgot to add the 4H trend line which is very important and i think will cause reversal of this pair. if you have this trade open you might want to consider closing with TP1
I like the TP points. Hopefully all goes well this week and this works out! Shooting for this as well.
jaymob123
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Greetings. I hope all is well. I am a new trader but I see that you are using the Bollinger band. I am also using it. I am also using day chart and Tuan and RSI and Tuan look like EURUSD may be going in to buy because it is down near 30. What do you think?
charliefornia
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@jaymob123, when RSI is low or oversold it generally indicates that a buy is coming up for sure!
theConsultant45
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@jaymob123, Just make sure you are using other indicators other than RSI as a trigger to place a buy. Just because its down doesn't mean it HAS to come up. It can stay down for hours, days, etc.