Hi Traders
I supose that you are ready for successful trading Today...
I want to share some info. with you...
First: What's Stochastic Trading???
Typically used to identify overbought and oversold conditions the indicator consists of two lines: % K and %D. These two lines fluctuate in a vertical range between 0 and 100. Readings above 80 are considered overbought and readings below 20 are considered oversold.
Stochastics can also be use to generate buy and sell signals. When the faster %K line crosses above the slower %D line and the lines are below 20, a buy signal is generated. When the %K lines crosses below the %D line and the lines are above 80 a sell signal is generated.
EUR/USD-The pair is in the middle of a corrective move which seems to have some more steam in it. The slow stochastic and RSI are floating around 50 in the 4 hour chart. The break beyond the 1.4500 was validated which indicates that the next target price might be 1.4590...
Atten:Trading myths debunked. Absolutely no need to predict
the market. Go with the flow. Enjoy the big trends,
enjoy the profit. Original system shows you how to capture
every single trend right from the beginning.
Click Here to read more
Regards
Forex.DelijaWorld.com
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