Excellent Trading Opportunities – No Fanciful Indicators

A picture speaks a thousand words.

Below is the daily chart of EUR/GBP.

I don’t use indicators to determine whether to enter a position. 100% depends on what the price is telling me. I am not saying you can’t use indicators or they are no good. Indicators just act as a “reference” for me. Price action is still #1.

(click on chart for a bigger view)

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