Educational Chart for MOVES TRADING: USDCHF: Long

2019-11-18 02:08:32

Reading the chart:
1- From left to right, you will see that four daily bearish candles, followed by the recent bullish Friday's candle have formed (the four red and one green boxes).
2- You will see that price has found support at the red line (trend line) and printed a higher high and a higher low on Friday.
3- You will see that the regular blue line (actual pivot line) is still upper the regular green line (major actual moving average) despite the recent DOWN MOVE.
4- You will see that the dotted yellow (expected minor moving average) has stopped moving lower the regular yellow line (actual minor moving average), while the blue dotted line (expected pivot line) and the green dotted line (expected major moving average) are still moving lower than the regular blue line (actual pivot) and the regular green line (actual major moving average).

For this education chart, I will show you how to trade this pair where the DAILY TREND LINE (red line) has been tested:
1- Buy above the high of the last bullish candle.
2- Add more buys by an aggressive break out from the green line.
3- Stop loss is below the last bearish candle of Thursday.
4- If tomorrow's candle is a bullish candle (prints higher higher low), you can move your stop loss below Friday's bullish candle and you can repeat this step day by day.
5- You can use my chart on S&P500 for the safe trading technique.

To learn my definitions for MOVES TRADING, look at my educational chart on EURUSD .
To learn how a MOVE starts, look at my educational chart on CADJPY .
To learn the pullback and safe tradings, look at my education chart on S&P500 .
To learn the TREND LINE tool, look at my chart on SILVER.
To learn how we trigger a trade after testing a trend line, look at this chart on USDCHF.

MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.