EUR/USD H1 chart turned down from wedge top and completed 2 legs down to support (standart target from wedge top). We are likely to see some correction up before further downside. Level to watch is 1.1193 (support), if we fall beyond this support, 1.1184 could be on our cards next.
For even safer signal you can wait for 8/14 moving average breech ( when green candle wick touches both lines and overshoot them + blue line crosses red line afterwards). This method of entry is safer, but sometimes you miss the best part of trend.
Exit rules #
1. Rely on your stop-loss below recent higher lows;
2. Exit when Heikin-Ashi bar changes color to opposite one.
______________________________________________________________________________________________
*** Heikin-Ashi bars = average price bars ( Provide a better depiction of current market
trend at a glance and eliminate fluctuations of nominal price action).
*** TDI indicator = (Traders dynamic index) = A hybrid indicator developed to indicate market conditions related to trend direction, momentum, and market volatility. An “all-in-one” indicator!
For even safer signal you can wait for 8/14 moving average breech ( when green candle wick touches both lines and overshoot them + blue line crosses red line afterwards). This method of entry is safer, but sometimes you miss the best part of trend.
Exit rules #
1. Rely on your stop-loss below recent higher lows;
2. Exit when Heikin-Ashi bar changes color to opposite one.
______________________________________________________________________________________________
*** Heikin-Ashi bars = average price bars ( Provide a better depiction of current market
trend at a glance and eliminate fluctuations of nominal price action).
*** TDI indicator = (Traders dynamic index) = A hybrid indicator developed to indicate market conditions related to trend direction, momentum, and market volatility. An “all-in-one” indicator!