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Wednesday, July 8, 2020

[FOREX TIP] EUR/USD Free Forex Trading Signals – 9th July 2020

EUR/USD Free Forex Trading Signals – 9th July 2020

This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.

EUR/USD Free Forex Trading Signals - 9th July 2020

EUR/USD Free Forex Trading Signals – 9th July 2020

Trade Summary:

  • Buy Stop: 1.13493
  • Stop Loss: 1.13224
  • Take Profit: 1.13832

If you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea.

For more trade ideas, join the Price Action Society

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The post EUR/USD Free Forex Trading Signals – 9th July 2020 appeared first on Advanced Forex Strategies.



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[FOREX TIP] Brain Trend Indicator MT4 | Free Download

The Brain Trend Indicator MT4 is a custom trend indicator that also works as a dynamic support and resistance level indicator.

This indicator can be used for short term scalping in the markets.

The beauty of the Brain Trend Indicator is that it can also complement your existing trading systems by way of plotting the support and resistance levels easily on the price chart.

Brain Trend Indicator: When to go long?

Brain Trend Indicator: When to go long?

When to go long using the Brain Trend Indicator?

Take a long position in the market, when you see price breaking out above the recent resistance level that was plotted from the Brain Trend Indicator.

When to Exit your long positions?

Using the previous brain trend levels, make use of the recent upper levels that are plotted.

These can be either past support or resistance levels. Use this level to set your take profit for long positions.

Brain Trend Indicator: When to short?

Brain Trend Indicator: When to short?

When to go short using the Brain Trend Indicator?

Take a short position in the market, when you see price breaking out below the recent support level that was plotted from the Brain Trend Indicator.

When to exit your short positions?

Using the previous brain trend levels, make use of the recent lower levels that are plotted.

These can be either past support or resistance levels.

Use this level to set your take profit for short positions.

Where to set the stop loss?

You can set your stop loss to the recent high that formed before you entered the market with a short position or the recent low that formed for long positions.

Conclusion

The Brain Trend Indicator is simple support and resistance based indicator.

This indicator plots the price trends, as you can see.

The formation of lower resistance levels or higher support levels basically indicates what the underlying trend is in the market.

How to Increase Your Winning Ratio with Brain Trend Indicator?

When you add the True Strength Index Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.

Recommended Time Frames

Technically speaking, you can use this MT4 indicator for all time frames.

However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly.

We recommend that you use higher time frames like the H4 or even higher for better consistency.

Click Here for Your Free Download of True Strength Index Indicator.ex4 file

How to Install Custom Indicators on MT4 on Windows

How to Install Custom Indicators on MT4 on Mac OS


FREE Metatrader 4 Download | Free MT4 Download

Visit our Free MT4 Indicator Download page.

We hope you have enjoyed this post as much as we have created this strategy post for you.

Good luck and thank you for your readership.

The post Brain Trend Indicator MT4 | Free Download appeared first on Advanced Forex Strategies.



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