I use the 250 exponential envelope to trade breakouts. Prices have broken and closed below the envelope, thus I SELL USDCHF. Stop loss is dynamic, meaning I close only when prices break and close above the envelope on the 1HR Timeframe. Target = 0.95930
I use the 200 exponential envelope (0.15%) to determine the beginning of trends for AUDCAD. Prices are currently trading below the envelope, which indicates a bearish trend, and thus the short positions. I will be entering more positions at the mid-moving average, anticipating that price will retest and continue falling. Stop loss is dynamic, meaning I will only...
GBP impulsively broke the 1.20500-1.21000 price zone and is now retesting for a swing push up. GBP is also trading above the 800 (0.2%) exponential envelope on the 1HR. This is a very reliable indicator for determining the trend. This retest, if successful could push the price of Pound Sterling against the Greenback to at least 1.25000 depending on the...
AUD is looking very bullish after closing above 0.68000. The 300 ema is now support and the weakening DXY could lead to some upside momentum to the 0.69000 resistance or even further to 0.70000.
I use the 200 exp. envelope on 1Hr to trade the retests after a break & close above/below the envelope. Prices broke and closed above the 0.18% envelope and thus the buy positions at the centre moving average. SL is at the opposite "break and close below"
