The EURUSD looks poised to break out of a running triangle pattern. This is a type of contracting triangular pattern in which wave B extends beyond the origin of wave A, this type of pattern is usually seen in 4th waves.
GBPUSD 1HR
The GBPUSD as broken out of a triangle pattern and looks set to complete a Gartley harmonic pattern formation. Expecting the GBPUSD to fall to around 1.550-1.549 before rising. 1.550 marks the 1.41 extension of the XA leg and 1.549 marks the 2.24 extension of the BC leg.
Prices are expected to fall to around 1.3275, if prices however managed to breakout to the north then 1.3513 which represents a 50% retracement of the down move starting from the July high, would be the next major price level to look out for.
All I want is 20 pips per day strategy.
I am trying to find one that works for me.
I will trade on H1 chart
Indicators:
1. Parabolic SAR (default settings)
2. Exponential Moving Average (EMA 5 & EMA 12)
Long Entry Rules:
EMA 5 crosses above EMA 12
PARABOLIC SAR dot appears below the price candlestick.
Sell Entry Rules:
EMA 5 crosses below EMA 12
PARABOLIC SAR dot appears above the price candlestick.
I am trying to find one that works for me.
I will trade on H1 chart
Indicators:
1. Parabolic SAR (default settings)
2. Exponential Moving Average (EMA 5 & EMA 12)
Long Entry Rules:
EMA 5 crosses above EMA 12
PARABOLIC SAR dot appears below the price candlestick.
Sell Entry Rules:
EMA 5 crosses below EMA 12
PARABOLIC SAR dot appears above the price candlestick.
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