Forex strategies

Up Trading

The following observations may be an indication for opening an Up trade:

– The RSI line rises above 50.

– The Heiken Ashi candlesticks indicate an uptrend.

– The nearest Awesome Oscillator column is green.

When opening a position, the Stop Loss may best be placed slightly below the nearest local low. When the Awesome Oscillator’s color changes to red, it may a good moment to close the position.