Make Money From Forex With Ease: Unveiling The Little Known Secret That Will Make You Rich In Forex Trading (Forex Made Easy II) by Stephen Benjamin
Author:Stephen Benjamin
Language: eng
Format: epub
Tags: make money from forex, forex trading, make money online, forex ebooks, make money, profitable forex strategy, best forex strategy, forex trading for beginners, forex trading for dummies, forex strategies, forex trading strategies, online trading, binary options 60 seconds, binary options ebook, binary options trading strategies, binary options unmasked, binary options trading, binary options money management
Publisher: Stephen Benjamin
Published: 2017-09-18T00:00:00+00:00
EURUSD Daily Chart
THE LONG BLUE ARROW indicate the Up Trend and how the candles are all above the three Moving Averages.
The two short horizontal red lines depict where the retracement started and where it ends.
Now you can see that it was selling in those areas, but as long as the selling have not crossed all the three Moving Averages we regard it as a retracement. And we can see that the retracement ended with a bullish candle closing above the EMA 10 which is the red Moving Average line.
I use the red horizontal line to indicate where the retracement ended and the blue arrow indicate the entry for a buy with the bullish candle that started the up move again or that ended the retracement.
In this case, we are trading buy alongside the primary Up Trend.
Very safe and risk free!
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