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[QUOTE="Martin Kay, post: 124971, member: 25911"] [B][U]British Pound / US Dollar-GBPUSD [/U][I][U]As of 29/03/17[/U][/I][/B] [B]*** [U]Intra-Daily Trading Strategy[/U]:[/B] [B]BUY British Pound / US Dollar[/B] [B]Buy Target[/B]: 1.2484 [B]Enter New BUY on [U]OPEN[/U] and exit BUY positions at [U]Target price[/U] or at [U]Stop price[/U]. [/B] [B][I](NOTE: Adjust Stop Loss Price according to your trading risk.)[/I][/B] [I][U]Do not reverse[/U][/I] after exiting. This is a recommendation for [B][U]INTRA-DAY TRADING[/U][/B] only!!!!! A [I]white body has[/I] formed as prices closed higher than open. The previous 10 [B]candlestick bars[/B], there are 6 white candles versus 4 black candles with a net of 2 white candles. The previous 50 [B]candlestick bars[/B], there are 25 white candles versus 24 black candles with a net of 1 white candles. [B]MACD[/B] is [B]BULLISH[/B] as the [B]MACD[/B] is above the signal line. The [B]MACD[/B] [B]crossed [/B]above the signal line 9 day(s) ago. Since the [B]MACD[/B] crossed the MACD moving average, British Pound / US Dollar's price has increased 0.77%, and has been fluctuating from a high of 1.262 to a low of 1.224. The [B]MACD[/B] is currently not in an Overbought/Oversold range. There have been no [B]divergence [/B]signals during the last 5 periods. A [B]Stochastic[/B] [B]SELL[/B] signal was generated today. The [B]Stochastic [/B]indicator is currently generating a [B]SELL[/B] signal against the direction of the major trend.The [B]RSI[/B] is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the [B]RSI[/B] moves out of an overbought/oversold area. The last signal was a Buy106 day(s) ago. Currently the [B]RSI[/B] does not show any Failure Swings. The [B]RSI[/B] and price of British Pound / US Dollar are not diverging. Currently, the [B]Momentum Oscillator[/B] does not show an overbought or oversold condition. The [B]Directional Movement Indicators (DMI)[/B] currently is not indicating a specific price direction. Because this is a trend following system, it should [B]not[/B] use to initiate any trades right now. The last [B]Directional Movement Indicators (DMI)[/B] signal was a [B]BUY[/B] 83 day(s) ago. There were no [B]SAR[/B] signals generated today. The last[B] SAR[/B] signal was a [B]Buy[/B] 9 day(s) Ago. The close is currently [B]BELOW[/B] its 200 daily moving average [B]ABOVE[/B] its 50 daily moving average [B]ABOVE[/B] its 20 daily moving average The current market condition for British Pound / US Dollar is [B]Mildly Bearish[/B] British Pound / US Dollar closed below the upper [B]Bollinger Band[/B] by 28.8%. [B]Bollinger Bands[/B] are 24.74% narrower than normal. The current width of the [B]Bollinger Bands[/B] (alone) does not suggest anything conclusive about the future volatility or movement of prices. [/QUOTE]
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