Monthly Profit - Daily Trading using SMA

Quoting Filipo1

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Bearish signal sent by USDMXN. SMA5 pointing down just below Bollinger middle band after Thursday’s bearish engulfing candlestick. Only challenge: breaking through the support/resistance line at last closing level. Out of this thread’s rules RSI below 50 on daily and weekly charts, and some interesting trend lines at play across the timeframes. {image} {image} {image}

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Quoting Filipo1

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{quote} It has now sent a bullish signal, will price action break through Bollinger middle band? NFP tomorrow might give the answer. {image}

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Quoting Filipo1

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{quote} GBPUSD closed below the Bollinger middle band with a doji and confirming the bearish trend line. RSI below 50 is neither supporting a possible break up. I see it as an opportunity to add a short position to compound on the overall trade. {image}

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Quoting Filipo1

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{quote} I was proved wrong. All GBP pairs pointing up. In fact this system sent a buy signal... {image}

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Quoting Filipo1

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{quote} Well so far Ichimoku is rejecting the move but we will need to wait for the close to get confirmation that CS (Lagging span) was effectively rejected from both flat KS and historical price action. {image}

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Quoting Filipo1

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...and coherently NZDUSD sent a buy signal. {image}

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Quoting Filipo1

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{quote} H4 update. {image}

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Quoting Filipo1

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{quote} A close below the cloud should allow the pair to keep going lower if Chikou Span is free of any obstacle. {image}

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Quoting Filipo1

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{quote} Well so far Ichimoku is rejecting the move but we will need to wait for the close to get confirmation that CS (Lagging span) was effectively rejected from both flat KS and historical price action. {image}

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Quoting Filipo1

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EURGBP let’s see which signal will prevail. On the one hand we have a clear buy signal given by this strategy, price action having crossed over the middle band. Upper band pierced but last candlestick closed just below. Supported buy bullish crossover and divergence on MACD and RSI standing above 50. On the other hand Ichimoku is sending warnings: The all packages stands below bearish cloud, SSA just above price action. Chikou span so far was unable to cross over historical price action which would incline to anticipate a reversal. {image} {image}...

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