Hi SanMiguel,
What you think of the following charts. Daily EU trend is up. H4 is retracing down. If I see a reversal candle on H4 should i consider going long
Daily EU
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H4 EU
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The best setup is 1 candle at support (lower red line )or
2 candles anywhere
Alternatively, you can look for a breakout of the top 2 red lines.
You need to be aware of the 2 dorming daily candles especially as the reaction to the Greece bailout is not overly positive yet (already baked in the cake) so aim to buy as low as you can.
Hello sir,
Thanks u sir for sharing this your good trading system. pls can i still use this trading system in this year 2014. Am new to forex and also new to babypips. please sir, i need your advice sir.