FX:EURUSD   Euro Fx/U.S. Dollar
6 months ago
This is an interesting setup for a short on the EURUSD             . I've made my probability estimates based on standard indicators:
1. EMA50
2. Aroon 19 (a customised version).
3. BuySellSignal
4. ATR stop-loss by Vervoort.
5. RSI .
6. Fibonacci

Key features - all considered together:
1. Established down trend is re-established by price falling below EMA50 on 4h.
2. Aroon down (the bears) has shot to 100 and made an ideal cross at 50.
3. Weak bullish rebellion has failed (Aroon up falls off not getting near to 50, and bears setting back in).
4. Fibonacci support fails at 61.8
6 months ago
Comment: Shorted with stop-loss just above 61.8 Fib, at ATR stop-loss line.
6 months ago
Comment: Trend re-established after a minor bull rebellion.
6 months ago
Comment: South we go!! LOL
6 months ago
Comment: Doing okay!! LOL
snapshot
PIPCATCHER
6 months ago
Will the trend reverse upward to D? I'm new with Forex. If so what would be the target?
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Captain_Walker PRO PIPCATCHER
6 months ago
I can't see a D on my chart. Perhaps you're looking at somebody else's position. There are no targets in trend following. I've posted a link after this text. I don't know if it will be allowed. Message me later if you wish to learn more. http://www.newtrader.club/2016/05/13/comparison-of-trend-following-with-non-trend-following-trade-scenarios/
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