Trading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. In this situation we are now waiting for Awesome Osci to go into negative territory for trade entry confirmation for movement to the downside and trend filter to read a bearish value. Market execution for entry, confirmation will be required for entry.
Risk Description: Once signal is confirmed 268 pips will be up for grab with small risk SL at swing high.
Profit expectations: 15 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
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Still in ranging conditions on D1 but a weak downtrend has been established on H4. We will look to enter a position on this time frame. I will open a new trade idea when a opportunity arises.
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Stage 5 system was updated 12/17/2017 with improved entry system profitable 5 year back tested strategy. We missed out entry but EURUSD has its eyes on 1.7244x
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Round 2 I will update idea when signal is provided.