www.fxtrainingzone.com EUR/USD long trade based on a morning doji start candle formation. Entry made on a MACD confirmation: – Morning doji star formation on the 4H, which is a strong bullish signal. – Price found support off the 8 EMA. – A higher low has formed on the 1H. – Old resistance on the daily [...]
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FOREX Trading Review Video 10 JUN 09 EUR/USD Bearish Engulfing Shooting Star
by admin on May 8, 2010
www.fxtrainingzone.com EUR/USD I see the short term trend as down, therefore class this as a Trend Continuation trade based on: – Bearish englufing shotting star formation close on the 4H, failing to close above the 50% retracement line (from daily timeframe – shown in yellow on chart image). – Price action failed to close above [...]