Hello!
This is Satori, researching FX.
Today, we will deliver an example of signals that were effective for both FX and binary options.
On the GBPUSD 15-minute chart below, signals that were effective for both FX and HighLow Australia are shown.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/4/e/4e46355c.gif
In the above image, you can see reversal signals with hollow arrows and trend-following signals with filled arrows.
Reversal signals appear when buying occurs and the candlestick closes below the short-term EMA in its body (both open and close), i.e., after a slight pullback.
Trend-following signals appear when the candlestick body (either the open or close) crosses the short-term EMA, i.e., a somewhat breakout-like moment, and are shown early.
Neither type signals will indicate in the direction of the trend only.
However, you should assess the overall market conditions.
Below is an example where a buy signal occurred mainly on the EURUSD 5-minute chart, valid for FX.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/9/e/9eca098f.gif
Inverse (reversal) signals appear when, on a buy, a pullback forms opposite to the trend direction.
If you want to enter buy orders more cheaply and quickly in FX, reversal signals after some range-holding are considered effective.
Trend-following signals appear when the price seems to break out from a range, so signals at a timing when the downside is solidified and a breakout seems likely are effective.
The Trend EMA is based on the 1-hour chart (multi-timeframe), and the other three EMAs use the 5-minute chart.
While designed for 5-minute charts for all currencies, even 15-minute charts show relatively good timing for signal display.
Additionally, looking at the daily trend can help apply a broader perspective to trading.
For buy signals, a trend-direction EMA divergence opening, followed by a pullback, is thought to produce effective signals.
Indicators related to today's article are listed below.
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https://www.gogojungle.co.jp/tools/indicators/15675Useful for both FX and binary options!
EMA with four periods using Fibonacci numbers covers 8 currencies in calculation!
When the 5-minute chart confirms, signals for both reversal and trend-following, plus email alerts
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Thank you very much for reading to the end today as well.
Then, please take care and stay well.
Technical Trade Blog Ranking
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Publisher: Art Brain Products
FX Technical Strategy Researcher
Satori Mind
Email: info@abproducts.biz
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