Hi guys,
I am out of my EU long and now reversed for a short. The EUR on the Long Term Barometer is over-extended, but more importantly, the Base, Cross and Absolute Trend Values are over-extended. Along with several other indicators, but for me the Base, Cross and Absolute Trend values are the most important. I will push my stop to BE when I get +15 pips. Target and Stop prices are marked on the chart. I have a 1:2 risk-reward on this trade so risk management is strong. Now I wait.
Here is a shot of the Long Term Barometer:
Here is a shot of the Forex Trend Meter (4X Global Product): you may have to click on the link to see the image
4xglobal.com/wp-cont...orex-trend-meter.png
If you are not a 4X Global member and would like to use these tools; a 4X Global Membership is only $19 per month. You can read more: Click Here
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
I am out of my EU long and now reversed for a short. The EUR on the Long Term Barometer is over-extended, but more importantly, the Base, Cross and Absolute Trend Values are over-extended. Along with several other indicators, but for me the Base, Cross and Absolute Trend values are the most important. I will push my stop to BE when I get +15 pips. Target and Stop prices are marked on the chart. I have a 1:2 risk-reward on this trade so risk management is strong. Now I wait.
Here is a shot of the Long Term Barometer:
Here is a shot of the Forex Trend Meter (4X Global Product): you may have to click on the link to see the image
4xglobal.com/wp-cont...orex-trend-meter.png
If you are not a 4X Global member and would like to use these tools; a 4X Global Membership is only $19 per month. You can read more: Click Here
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
