Before we continue, i want to remind you that, i used MARS strategy.
MARS trading strategy is using weekly time frame, it's only use moving average as a filter, and the trade is trigger by breakout at the price level (it can be support or resistance).
Let's go back to see how is EURJPY price movement:
On Weekly time frame, the price is above the 200MA.
My MARS rules say that buy if the price is above the 200 Moving Average.
So our trading should be buy order, remember BUY order.
When to buy?
We must wait for breakout.
Okay, now i will remove all the moving average, and draw a price level on the chart.
I place 2 yellow doted line, horizontal line (support level) and trend line.
We will wait until the price break one of these line.
Let combine the first chart and the second one, i will show you something
My prediction is EURJPY will breakout through the trend line.
Enjoy your trade!
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