EURUSD BEARISH MOVE EXPLAINED

Hey Rich Friends,

I am happy that after hours of consolidation, the EU market did sell just as I had forecasted yesterday. It has been a long and slow week for me trading my usual EUR pairs but the big drop, break of structure, and bearish engulfing candle that happened this morning were exactly what I needed!

In this video, I will review the strategy (indicators and confirmations), that I used to enter this trade and how it went in my favor! I hope this is helpful.

My Strategy
Indicators:
50 EMA (blue)
200 EMA (purple)
Momentum (turn on price line)
Stochastic

Bullish confirmations (Up, Above, Over, Higher):
1. Candles above/crossing up 1 or both EMAS
2. MOM is facing up AND/OR above 0.
3. Stoch is facing up. Stoch is above 50. The blue line is above the orange line. Must have all 3 or wait

Bearish confirmations (Down, Below, Under, Lower):
1. Candles below/crossing down 1 or both EMAS
2. MOM is facing down AND/OR below the dotted 0 line.
3. Stoch is facing down. Stoch is below the dotted 50. The blue line is below the orange line. Must have all 3 or wait

- Peace and Profits, Cha

註釋

You can register for my course here:

themoneymantra.talentlms.com/plus/external-catalog