EURUSD 4H AROON TREND STRENGTH STRATEGY
#2 Aroon Trend Strength Strategy
The underlying strength of the trend can be revealed through the Aroon lines.
After we reach the 100 level sometimes we’re starting to get periods of little changes.
The Aroon UP will simply hang, kind of like reaching a plateau.
This is the same kind of activity that can be found when a traditional oscillator reaches overbought readings. And, it stays in overbought reading for a good amount of time.
The Aroon-Up continuous reading close to the 100 level is an indication of a very strong trend. However, at some point in time one or two trade scenarios can happen:
To expect a trend reversal
Or, to expect a pullback
The underlying strength of the trend can be revealed through the Aroon lines.
After we reach the 100 level sometimes we’re starting to get periods of little changes.
The Aroon UP will simply hang, kind of like reaching a plateau.
This is the same kind of activity that can be found when a traditional oscillator reaches overbought readings. And, it stays in overbought reading for a good amount of time.
The Aroon-Up continuous reading close to the 100 level is an indication of a very strong trend. However, at some point in time one or two trade scenarios can happen:
To expect a trend reversal
Or, to expect a pullback
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