Go short EURUSD
Updated
Intraday bias has shifted to the short side due to price trading below or at the C value line for 15 minutes, half our opening range.
Note
The C value line is only valid after an A up or an A down trade has been triggered, which is the case in this trade. The price traded at and through the A value line for at least 15 minutes or half the time of our opening range time of 30 minutes.Trade closed manually
A key rule of the system is to exit the trade if a move has not occurred within 1/2 the time of the opening range and to a maximum of the opening range time, in this case 30 minutes. In other words, no move occurred between 15-30 minutes hence we exited the market with a small 7-10 pip loss and did not have to wait until the stop loss was hit much higher.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.