FX trading ideas & signals – By Forex Place
Nov 19, 2009 Make Money Online
EURUSD– basing on “X-twisted” indicator 19.11.2009
All yesterday’s targets reached!
Very strong triangle formation is generated by “X-twisted” indicator.
Our strategy is very simple : we wait for a clear violation of the triangle formation (can be bullish or bearish) and once a signal is generated we will trade in a direction of the violation.
Once again – violation of triangle formations is one of the most reliable signals, generated by “X-twisted” indicator , therefore it looks like we are about to have a very good trading opportunity.
Divergence on 4 hour MACD indicator 13,26,9 (see the red lines) suggests a bearish market.
Targets : 1.6550 – 1.6425 – 1.6310 – 1.6210 (1 – 3 weeks).
*The X-TWISTED indicator was designed by Arteom Tuvalsky about 2 years ago and so far it brought a return ratio of about 75% profitable trades , it works best on 1 hr , 2 hr and 4 hr charts .
I majorly tend to use it on EURUSD and GOLD , but it works for all financial instruments.
Support trend line on the “X-twisted” indicator (4 hour chart) is violated .
We see some divergence bullish movements but still expect to finally see some bearish price movements.
Targets : 1.6550 – 1.6425 – 1.6310 – 1.6210 (1 – 3 weeks).
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Tags: EUR, Forex, FX Trading, Gold, MACD Indicator, USD
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