In my chart, I have my descending channel of the overall currency pair EURUSD. In my earlier post, I shorted the eurusd bounce at 1.1145 and have finally closed my position. On the daily chart, we are near a doji at/ near a double bottom/ or 50 pip higher low. With the market unable to break through 1.10, I see a great opportunity to long and look for a breakout into 1.12 and into 1.161 fib extension where I will to look to short EU.
Kommentar
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closed position +5 pips as eurusd did not break above resistance at 1.105
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Bonavest
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I like your BB on the Daily Delta Analysis in your chart. Took a look at the indicator, but it looks like this one has 3 values not just 2. What's the difference?
TheBulltrader
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About a 1-2 months ago, tradingview came out with a new feature where you can add scripts to other scripts or to your own. I decided to use Bollinger Bands to average my indicator. The black line is the curved (average) of my indicator. I compare it to my indicator and when blue line (50 day moving average) goes above either BB or daily delta; then I start to build a case for entry's.