GBPAUD LONG!! Great risk to reward here!!!
I follow the strategy called BBMA. Which is abbreviated for " Bollinger Band and Moving Average. " Here you can see the boxes I have highlighted as possible entry points for the mirrored side. When I say the mirrored side, I'm meaning the other side of the M. BBMA is an amazing strategy to help you find the patterns known as, " M's, W's, and Head and Shoulders . " In the picture you can see a clear M pattern being formed with the help of BBMA. Please feel free to give your opinion/ idea. I would love to hear yalls thoughts on this.
The red, green, and yellow horizontal lines are probably confusing you. I have created my own strategy within the BBMA itself as a street light. For example, Red is stop, Yellow is be cautious, and Green is obviously go. They are mainly used for entries. I tend to use them sometimes as pivot points . You can also see the head and shoulders pattern that I've drawn out for you.
Please feel free to give me feedback on anything that I share thank you!
The red, green, and yellow horizontal lines are probably confusing you. I have created my own strategy within the BBMA itself as a street light. For example, Red is stop, Yellow is be cautious, and Green is obviously go. They are mainly used for entries. I tend to use them sometimes as pivot points . You can also see the head and shoulders pattern that I've drawn out for you.
Please feel free to give me feedback on anything that I share thank you!