EUR/USD 30 days long based on MW Open Price Points
We choose EUR/USD only as an example for DWMQY Open Price Points script concept.
There we tried to utilize Support/Resistance presented by three levels: Monthly, Weekly and Daily open price points.
Then we use Trend line convergence methods as very simple for basic level traders.
Colourful lines form the triangle, and from that point, we saw coming uptrend for a possible 2% gain in 7 days.
According to price action, it is Bullish trend for the next seven days at least with a few non-significant daily drops.
Should I make actual trade based on that? No.
There we tried to utilize Support/Resistance presented by three levels: Monthly, Weekly and Daily open price points.
Then we use Trend line convergence methods as very simple for basic level traders.
Colourful lines form the triangle, and from that point, we saw coming uptrend for a possible 2% gain in 7 days.
According to price action, it is Bullish trend for the next seven days at least with a few non-significant daily drops.
Should I make actual trade based on that? No.
Trade closed: target reached
Daily target reached! +0.61%
Trade active
M down-trade, hold
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