The following is the hourly chart as of Jan. 29th, 1AM EST. There is a resistance line at the bottom of the chart. If the resistance line is broken with a strong bearish candlestick there is a very good sell trade opportunity. What do you guys say?
The following is the hourly chart as of Jan. 29th, 1AM EST. There is a resistance line at the bottom of the chart. If the resistance line is broken with a strong bearish candlestick there is a very good sell trade opportunity. What do you guys say?

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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