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To me, EU USD is inside a range as shown by the levels marked on the attached chart...so reversals on both ends can be played ...more emphasis is on the buy side but the chart range is narrow aka low volatility....
So, I would NOT touch the EU USD even with a 10 foot pole.
Yes it is more accurate on the higher timeframes...the core reason is because the indicators react very fast to price changes ....most of the time, i get into a trade much earlier than the crowd
Here is another live trade on eu cad showingh price bouncing off a maj0r level (second chart with major levels marked over the weekend)...IMHO, its best to learn hw to trade.
In case you have not read, I did not give any guarantee....attached a trade that i personally took on friday showing price reversing for a major level (using a strategy I shared here for free)
The first image shows the major level price bounced off....and the second image shows the exact spot...
Learn to trade profitably is the best option here...if these account managers were good at their jobs, they would not trade anyone else's money because all it takes to earn tons of money is compounding your own account if your strategy and most importantly your trading psychology, is right.
I...
The reason for the sell on this trade was that price retested the major level (as indicated on both the attached images) The thin gold line (on the first chart ) shows a minor level that NEEDED to be broken for the buy trade to be considered.
The second chart shows the major level (that I...
Work on getting REAL data into your indicators.....present mt4 price data ( bid/offer) is quoted at 100,000 of base currency per tick. Real trading is done at 1 million...
Reuters Elektron / Refiitive provide this data...Once you are able to get a subscription, then work on taking trades when...
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