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AskLeoForex Forex Analysis Blog

EUR/USD going back to Non-Direction Trading Strategy: Stand Aside My Chart: Click to see my 4 Hour Chart EUR/USD has been unstable since December. It has been going back to Bullish since Dec 08 14:00 GMT. My Short position trade on Dec 07 20:00. Today the trend have been going to upward and touch the Ichimoku Kinko Hyo. Although the CCI and Momentum still in the Bearish situation, they both start to go opposite way and it nearly have a Bullish Signal. I Exit the Short Position around 20:00 and end up have a +30pips gain on this trade. Right now I am focus if the candlestick can totally break upward over the Ichimoku Kinko Hyo. Then I will see if both Momentum and CCI indicator will have the “SAME PAGE” On the other hand, Three indicator such as CCI, Momentum and THV Trix crossing are still in a “Bearish” situation. Therefore, it will go either way Entry Long Position: First you need to make sure if the candlestick will break over the Ichimoku Kinko Hyo. Then you can wait until the three indicator CCI, Momentum and THV Trix will have Bullish signal Entry Short Position: This is more simple because the three indicator (CCI, Momentum, THV trix) right now are still in the Bearish situation. What we need to wait is only if the candlestick will totally break below the Ichimoku Kinko Hyo What happen right now? The Bullish candlestick is now inside the Ichimoku Kinko Hyo. For the next one and a half hour, my 4 hour chart on EUR/USD will have a new candle appear My though.. By looking at my Chart, you will see that the bullish candlestick is look like going to break over the Ichimoku Kinko Hyo. I think the Bullish Signal will appear on the next 1:30 hour. I may Buy EUR/USD.’s just my guess. I will not trade until all the signal match. This article is bought you by

EUR/USD going Sideway  

EUR/USD is going back to Bullish I exit the short positiona earn just 30 pips

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