Today Economic Calendar GMT
High volatility expected on USD pairs

🚨Long position:
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🔺RSI is in the oversold zone (below level 35) and is deployed to exit it.
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🔺Stochastic in the oversold zone (below the 20th level) and both of its lines are turning up to exit from it.
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🔺CCI is in the oversold zone (below the level of -100) and turns towards the center.
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The indicators should be in the oversold zone and begin to turn on the same candle (one indicator may be delayed for 1-2 candles, but this is already an increased risk). On the next candle, open a deal. The target profit level is 10-20 points. Stop-loss is set at a distance of 3-5 points from the local extremum.
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🟨 The yellow rectangles highlight the ideal situation for opening a deal. On the red signal candle, all indicators simultaneously went into oversold zones and turned around. On the next candle, open a deal.
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🟩 Green rectangles - a similar situation with a weaker signal - RSI just touched the level. But the open transaction was profitable.
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🟡 Yellow oval - a signal corresponding to the conditions of the strategy, but still turn out to be false. There are no trading systems that give 100% of the result.
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🚨 Short position:
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🔺 RSI in the overbought zone (above the 65th level) and turns around to exit from it.
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🔺 Stochastic is in the overbought zone (above the 80th level) and its both lines are turning up to exit from it.
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🔺 CCI in the overbought zone (above level 100) and turns towards the center.
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Here, the simultaneous presence of indicators in the overbought zone is observed only in 2 cases. But in the first case, CCI is already starting to return to its corridor, and the stochastic is just beginning to reverse. Therefore, we do not open a deal.
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In the second case, all signals ideally coincided as required by the conditions of the trading system. Profit of about 20 points.
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An example of another short position in a less clear-cut situation 🧐
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RSI and CCI turned around. Stochastic partially entered the overbought zone and the reversal is mixed. RSI and CCI are paramount, therefore a small stochastic error can be neglected. It makes sense to look at the higher time frames in order to find a trend.

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