The forex uptrend was still in place, but showing signs of weakness. Retracement is becoming more and more possible. MACD Divergence, rejection at a Reversal Pivot Point, a 61.8% Retracement and a Triangle break eventually all pointed down. Target was the 138.2% Fibonacci Extension which over lapped with a Support Pivot Point.
Nice forex uptrend holding... but showing forex divergence. This indicates that as price continues up, weakness increases. Maybe not today, but a forex pull-back is becoming more likely as time goes by; perhaps at the 1.3200 double top? Pay close attention to the forex Pivots and forex Fibs. Notice how well they work as leading indicators. Live FOREX Training | Everyday! www.fxbootcamp.com
This is a video overview of how to improve the timing of your trades using the oscillators MACD and Stochastics. The goal of the forex trading strategy is to align market and price action for the best chance of success when you pull the trigger. Video produced by FX Bootcamp, LLC (www.fxbootcamp.com
This is a video overview of how to improve the timing of your trades using moving averages. The goal of the forex trading strategy is to align market and price action for the best chance of success when you pull the trigger. Video produced by FX Bootcamp, LLC (www.fxbootcamp.com
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There was a big FOMC interest rate decision last night that really drove the market up. Today was a "cool down" period. Price returned to a reasonable level... a 50% retracement and the 200 EMA. Did the prevailing trend continue? LIVE FOREX TRAINING | EVERYDAY! www.fxbootcamp.com