The following is the four hour chart of CHFJPY currency pair as of 8:30PM. EST time. I have drawn a support trend line at the bottom of the chart. If the trend line broken at this point I think it’s a good opportunity to enter a sell trade or if any strong reversal candlestick pattern is formed at this point it’s good to go for a long trade. What do you guys say?
CHFJPY Four Hour Chart
The strategy is very simple and works very well. You can find a lot of trading opportunities using this strategy. This strategy involves only parabolic SAR indicator with default settings. Indicators: Parabolic SAR with default settings (Step: 0.02, Maximum: 0.2) Time Frame: Hourly But you need to observe the parabolic SAR on the higher time frame of daily chart. Markets Sessions … [Read More...]
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