EURUSD and USDCHF bollinger bands came very close. So I am expecting a break out may occur. Check the following pictures. The following are EURUSD and USDCHF hourly graphs. The bollinger bands are converged. So I am expecting a breakout soon.
Click on the pictures to maximize them.
EURUSD hourly chart:
eurusd bollinger bands
USDCHF hourly chart:
usdchf bollinger bands
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...]
Recent Comments