seems this strategy is simple and profitable... what function of MA in your strategy...? you follow MA direction or wait until those MA crossing then entry market... or you using all of MA function... and one question more, how to drawing horizontal red line, blue line, and green line....?
please click THANKS
Pivot: 1.5650.
Our Preference: LONG positions above 1.565 with 1.5775 & 1.58 as next targets.
Alternative scenario: The downside penetration of 1.565 will call for 1.5605 & 1.556.
Comment: a support base at 1.565 has formed and has allowed for a temporary stabilisation.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Pivot MA 20 period & MA 50 period.
Hi2all, that today strategy for GBP/USD
Pivot: 1.5650.
Our Preference: LONG positions above 1.565 with 1.5775 & 1.58 in sight.
Alternative scenario: The downside penetration of 1.565 will call for a slide towards 1.5615 & 1.56.
Comment: the RSI is bullish and calls for further upside.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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