2015-10-09_00-25-37euraud forex.today

Price moves below all the moving averages which is a very bearish sign.

Therefore we wait for bullish retracements to take our short trades.

Three red arrows are provided for an easy understanding on when the trades could have been taken.

I aide myself also with the help of MACD as a confirming indicator.

These would have been 2 wins and one loss.

BEST OF PIPS

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.