Similar to AUDUSD
Identify
Market is in strong bullish trend
Weekly, Bullish
Daily - Bullish
20MA above 50MA showing bull signals
Predict
Would expect to see a continuation to the downside into zone of support drawn
Decide
If price reaches area of support, then look of reversal candle signals
If price reaches area of support and breaks through to violate, then wait for a retracement with further indication of a move to the downside
Execute
Enter new bar market after candle shows a strong bullish reversal candle - Hammer/3 bar reversal
Identify
Market is in strong bullish trend
Weekly, Bullish
Daily - Bullish
20MA above 50MA showing bull signals
Predict
Would expect to see a continuation to the downside into zone of support drawn
Decide
If price reaches area of support, then look of reversal candle signals
If price reaches area of support and breaks through to violate, then wait for a retracement with further indication of a move to the downside
Execute
Enter new bar market after candle shows a strong bullish reversal candle - Hammer/3 bar reversal