MzansiObi replies to: EURUSD Only

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Only H6, H8, H12 and Daily are on UP Trends. Weekly is Down and Monthly is UP. All lower than H6 time frames are in a Down Mode as per their last Valid Signals – as of now. All of them – M1 to H4 – will only validly Reverse UP after valid Reverse UP signals. They are not like that at the moment. They are all in a Down Trend – still. That is an absolute fact. No valid Reverse Signal = No Reverse – the current trend continues – ceteris paribus.

This is based on the Rule to only Take Profit and then Reverse after a subsequent, main Valid Reverse Signal confirmed by various other indicators. There are many very different, very successful trading strategies.

My two pennies …..

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