EURUSD - Finding a Bullish entry
Hi guys,
The recent EURUSD trade idea posted are conflicted, but most agree on the longer term trend (up). If you are using my tools, there are a few easy ways to find trade entries. Today we want to find a Bullish entry, but we won't get another Trend Signal alert. However, Trend Signal is still confirming a Bullish trend. Our best way to find an entry is to use X Meter and Wave Trend. Wait for the bars (green) to grow taller. This will be our first signal to enter long. Our second confirmation will occur when Wave Trend crosses '0' and begins to move up. Our EURUSD Market Barometer is already crossing up and begin to print green.
NOTE: this approach only works because the EURUSD formed a sideways consolation and is not ready for another push up.
If you are unsure about sideways consolidation patterns, this link might help (warning - tons of pop-ups on this site, but the info is good):
tradeciety.com/how-to-trade-consolidations/
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
The recent EURUSD trade idea posted are conflicted, but most agree on the longer term trend (up). If you are using my tools, there are a few easy ways to find trade entries. Today we want to find a Bullish entry, but we won't get another Trend Signal alert. However, Trend Signal is still confirming a Bullish trend. Our best way to find an entry is to use X Meter and Wave Trend. Wait for the bars (green) to grow taller. This will be our first signal to enter long. Our second confirmation will occur when Wave Trend crosses '0' and begins to move up. Our EURUSD Market Barometer is already crossing up and begin to print green.
NOTE: this approach only works because the EURUSD formed a sideways consolation and is not ready for another push up.
If you are unsure about sideways consolidation patterns, this link might help (warning - tons of pop-ups on this site, but the info is good):
tradeciety.com/how-to-trade-consolidations/
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
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