EURUSD Intraday – Reversals in a Multi-timeframe Approach
EURUSD has recently shown down Reversals across the different timeframes. In M30, where the rating setting 7 is working best for quite some time now, a down reversal was seen 1 hour ago.
Going down to M15, given that we have seen a reversal on an higher timeframe and using the filter of dynamic trend (200), this is a zone to look for down reversals. At the very least, closing any open long trades if the action develops that way. Here the rating 5 was chosen, but for more sensitivity, 9 could as well be chosen by its rating.