Price has a strong ADX and stepped under the lower Bollinger Band on December 11th indicating oversold. Now a candlestick has has closed above the 20 period Moving Average it is time to trade.
Take Profit is determined by the pivot point as is the Stop Loss.
Should a candlestick close below the 20 period Moving Average close early, also close early if the Parabolic SAR shows signs of a sell.
Take Profit is determined by the pivot point as is the Stop Loss.
Should a candlestick close below the 20 period Moving Average close early, also close early if the Parabolic SAR shows signs of a sell.