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Monday, April 18, 2011

A quick look at $EURUSD daily

Chart shows what I was watching on EURUSD daily.. Even though I was quite a bit early on the trade..

You can see on the chart I use a standard bollinger band of 2 standard deviations plus a 2nd BB set at 3 standard deviations. Once price is pushed away from stressing 3 standard deviations it tends to correct.

Also 13 EMA can be a good trend indicator and, depending on risk appetite, can be a good entry area as support / resistance.

Thanks for your time ;)


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