The narrative for this trade goes like this:
Every Asset has a range that it adheres to. When it gets to the end of that range to the high or the low it will turn around and trend the opposite way.
The Forex market’s algorithm adheres to this range daily and it moves at specific times of the day (Sniper Forex Schedule)
Indicators lag and do not give the most precise information and often times after the fact. Therefore when you trade US BASE Pairs you can use the DXY as an indicator. How it works is simple: When the DXY goes up: EURUSD goes down and vice versa.
We know that EURUSD has reached it’s Extreme of 101 PIP$
The DXY is due for a pullback which will cause EURUSD to go UP. This trade capitolizes on that simple analysis. A 10 Pip threshold should be sufficient to protect your account if the trade doesn’t wnat to follow the script.
Never over leverage.
Trust your trade Set Up.
Have Fun!
I AM PRO TRADING MADE SIMPLE.
I AM THE SENSI & Master Jedi of #SniperGang
EVERYBODY EAT$!
Every Asset has a range that it adheres to. When it gets to the end of that range to the high or the low it will turn around and trend the opposite way.
The Forex market’s algorithm adheres to this range daily and it moves at specific times of the day (Sniper Forex Schedule)
Indicators lag and do not give the most precise information and often times after the fact. Therefore when you trade US BASE Pairs you can use the DXY as an indicator. How it works is simple: When the DXY goes up: EURUSD goes down and vice versa.
We know that EURUSD has reached it’s Extreme of 101 PIP$
The DXY is due for a pullback which will cause EURUSD to go UP. This trade capitolizes on that simple analysis. A 10 Pip threshold should be sufficient to protect your account if the trade doesn’t wnat to follow the script.
Never over leverage.
Trust your trade Set Up.
Have Fun!
I AM PRO TRADING MADE SIMPLE.
I AM THE SENSI & Master Jedi of #SniperGang
EVERYBODY EAT$!