EURUSD - Simple Trend Following Strategy Cont.

FX:EURUSD   Euro / U.S. Dollar
1859 2 16
I avoid using this Entry/Exit strategy during times of small movement/chop
with no established trend. Typically wicks will start showing on BOTH sides
of the candles. I then switch to using simply support and resistance lines and
watch for breakouts. Higher time frames work best for this trading strategy.

Thank you for sharing!
Have you tried a similar strategy on a smaller time scale... daily trading the move?
+1 Reply
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