Since NAS100 is still a bullish trend will wait again for my trend support line for a very LONG position this week since we also in a festive season
we can wait for a W or double formation on the pair to bounce on the support line twice the a strong buy
After using few of my Moving Average the 20 ,200 and my SR i see what was resistance is now support even though a strong candle has not respected my support but am seeing reversal pattern and its a retest. my 200 SMA and 20 SMA shows an uptrend.
seams like a rising wedge EURUSD price is bound between two rising trend lines. Wait for a candle close below the support trend line before entry Enter into the short position as soon as the price breaks the support line, regardless of the candle close
Waiting for this support line confirmation
Just reading it from trend lines and my Heiken ashi but lets wait for confirmation
This currency is now forming a falling wedge means in any time from now strong bullish reversal pattern is to follow
This is the time to say EURUSD Short-term technical readings indicate that further slides are likely as, in the 4-hour chart, the pair has broken below all of its moving averages, while technical indicators head firmly south within negative levels.
MACD and SMA strategy (Source is Close, MACD Fast Moving Average 20, MACD Slow Moving Average 16, MACD Signal Line Moving Average 31 and a Very Slow Moving Average. This strategy goes long if the MACD histogram and the MACD momentum are both above zero and the fast MACD moving average Is above the slow MACD moving average . Optional as additional long filter...