A test-attempt to look at EURUSD overlaid with Bollinger Bands to see what we arrive at. Then crucial forward test to see what happens.
Straight forward analysis on daily chart appears to offer a clearly low-risk-high-reward proposition to short the DXY. Further analysis offers a different observation altogether. 4 charts that might confound you or paint you a DXY direction that will jump out convincingly.
I am looking at AUDUSD short, Brent retracing higher to print sell setup, potential Soybean bullish reversal and Nasdaq bearish reversal.
A false breakout or failed rally preceded China’s worst stock market crash. It is highly recognisable, high recurring that one can avoid or make money from.
Price action trading techniques used in Tflow® are application to stock market too, not just currency pairs, stock indices, gold, silver and oil. It’s use is only capped only by your imagination, determination and daring.
We can see from USDJPY chart that price action so far this year is a rerun of high-consolidate-breakout-throwback sequence we saw from late 2013 to Q3-2014.
I share this simple technique I use to trade forex. It is so amazingly easy to use all one needs to observe fact only and not to make any gut feeling.