#COMBO
On the 4-hour frame, we have a bearish channel that the price is trading within, and it was broken
We have strong upward momentum that the price is expected to continue rising
The stability of the price above the moving average pushes the price to continue
Entry price 0.774
First goal 0.818
Second goal 0.875
Third goal 0.939
Earlier sell signals on daily and weekly time frames has not triggered the expected sell signals.
This should not surprise much as we have been aware of the monthly sell setup that now is coming to completion.
In my earlier analysis I expected a short term sell off following the weekly sell signal but always emphasized that the monthly set up had to complete...
The chart above expresses the nature of how well TD-Combo and MIDAS Technical Analysis work together.
This is personally my favourite strategy since it is easy to use and the success rate is very high.
MIDAS Trading Tools for MT4 is available to download @ MQL5.com
