Tuesday, August 23, 2011

EUR/USD Forex Signal and Strategy

EUROPE-US Session Valid
EUR/USD H4
BULLISH, while EUR/USD below 1.4250 is bearish and turn into neutral-bullish while close above 1.4363 and bullish above 1.4433
tenkan:1.4424-1.4433 (now support) 
kijun:1.4389 (now support)
senkaou span A: lying between 1.4433-1.4260 (range widen), broke 1.4433 is the key for brekhigh or down
tenkan is above kijun mean strong bullish, but while tenkan is broken low (now support) it would be more down till kijun hold

follow trend
buy above 1.4356 TP 1.4400 TP 1.4430 and hold buy or reenter buy while breakhigh 1.4433 TP 1.4490/1.4515
sell when broke 1.4430 TP 1.4405 TP 1.4395

counter trend
sell 1.4495-1.4530 TP 1.4433 1.4405
past and main startegy: sell on rallies while EUR/USD could'nt broke 1.4540, SL at 1.4550 
this scenario fail when broke 1.4550

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