EURUSD Potential Long breakout Using B.I.T.S Indicator
WE know we have a great win rate with Stocks and Futures using our Breakout Intelligent Trading Signals Indicator (B.I.T.S)
Now using the FXCM feed for forex we are able to trial our B.I.T.S indicator with forex pairs as they provide volume .
Volume and price action are a key component to our B.I.T.S Indicator for TradingView with proximity to our special Points of Control.
In this potential Long Trade on EURUSD our Signal has been printed with an entry at 1.11446 with a stop loss at 1.11334. The 4 automated Target levels are printed on the chart. Now really we need to go above recent high so Long entry sensibly would be above 1.11450 as long as the Stop for the order isn't broken!
As we can see on the chart a recent signal a 1.11412 which has a decent stop-loss below the lows of the bullish pennant forming. As with any trading indicators we must take into consideration pivot points, Support & resistance, any chart patterns forming and basically any trader worth their salt will due their analysis prior to making a tradng decision from a signal. Signals just give us a starting point with potential entry , stop loss and target prices.
We recently posted a USDJPY long breakout signal using our B.I.T.S indicator that can be viewed >>>HERE<<< Please play forward and see our target zones hit!
Now using the FXCM feed for forex we are able to trial our B.I.T.S indicator with forex pairs as they provide volume .
Volume and price action are a key component to our B.I.T.S Indicator for TradingView with proximity to our special Points of Control.
In this potential Long Trade on EURUSD our Signal has been printed with an entry at 1.11446 with a stop loss at 1.11334. The 4 automated Target levels are printed on the chart. Now really we need to go above recent high so Long entry sensibly would be above 1.11450 as long as the Stop for the order isn't broken!
As we can see on the chart a recent signal a 1.11412 which has a decent stop-loss below the lows of the bullish pennant forming. As with any trading indicators we must take into consideration pivot points, Support & resistance, any chart patterns forming and basically any trader worth their salt will due their analysis prior to making a tradng decision from a signal. Signals just give us a starting point with potential entry , stop loss and target prices.
We recently posted a USDJPY long breakout signal using our B.I.T.S indicator that can be viewed >>>HERE<<< Please play forward and see our target zones hit!
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