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15 Minutes Time Frame (TF) Forex System

Setup: 1) Open 15 min chart of G-J; change to candlesticks; enlarge as much as possible 2) Add Parabolic SAR, default settings; 3) Add 5 LWMA (close price); this is the signal line 4) Add 20 LWMA (close price); 5) Add RSI (5); add levels 10, 20, 70, 80 Entries (2 conditions!): 1) As a general rule

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GBPUSD Forecast: Breakout or Double Top?

The GBPUSD finally break above key level 1.6660 on Friday, topped at 1.6732 and closed at 1.6709 on a better than expected GDP data. Usually, a breakout from a long period of range market would produce significant bullish momentum. However, as shown on h1 chart below, we seem to have potential

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Daily Forecast for Crosses: July 16

EURJPY Forecast The EURJPY had a significant bullish momentum yesterday, topped at 133.38 and closed at 132.87. This fact is a violation to the bearish medium term indicated by the H&S formation. The bias remains bullish in nearest term testing 134.50. However CCI in overbought area and heading down