Hello! what do you think about this signal?
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Disliked{quote} Here is the entire idea of strategy and what you need to do if you dont understand read the thred. {image}Ignored
Disliked{quote} For me, I don't have confident over this trade, as the lower wick may indicate the price will go up again. You may look at EURUSD for compare, as both are related and is the opposite way for both. EURUSD BB range is so small and at the upper BB. Thus, for me, I won't risk this trade No setup for me this whole week, hope for next week. Cheers.Ignored
DislikedGBPJPY Its a seesaw! The question is: Are the BB's looking for liquidity to break through downwards or were they yesterday looking for liquidity to break through upwards?? How does one tell? I think the best answer is to just go with the flow and I am adjusting my trading accordingly (more on that over the weekend) {image}Ignored
Dislikedaddition to the system. I noticed that the candles,which closes line BB (upper/lower) followed by opposite candle.What do you think? Sorry for my English {image}Ignored
Disliked{quote} I guess the answer could be in some big option expiry. Look at where GBPUSD topped (at European close): 1.32004 on my platform. All GBP crosses saw a big bullish engulfing candlestick as simultaneously the dollar got stronger against mostly anything except GBP of course rising by approximately 1 big figure just on PM May Brexit speech?... That's what mainstream forex media are reporting and I just don't buy it.Ignored
Disliked{quote} Hi adius7, when price action reaches one of the BB it means it is in extension from the equilibrium reprensented by the middle band SMA20. However it does not systematically rebound on it. More interesting are BB piercing pin bar or shooting stars, which are quite often signalling a reversal, and on your chart we are close to this pattern.Ignored