this is Mike from www.PerfectTrendSystem.com.
The purpose of these weekly setup announcements (Golden Setups) is that you can activate your V-Power EA, Double Top/Bottom Alerter and Double Top/Bottom EA according to the announced setups. You can use the setups as a guidance for your trading and you should still make your personal judgement.
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On Monday or Tuesday we could see nice buy trading opportunities on CADCHF and EURCHF.
On both pairs we saw a climactic downward move on Thursday followed by a slower doward move on Friday. The slower downward move created a strong bullish divergence between the price and the MACD.
The price action on Friday looks very interesting. Please check the little V-shape that developed after the price got rejected to the upside at the end of Fridays price action.
What I would now love to see is a fast dip of the price below Fridays low, as hand drawn in the following chart. This fast dip would create a so called "double swing divergence".
The double swing divergences that we are looking for on the H1 (in this case a bullish divergence) occur if two consecutive days produce a lower low while the MACD produces a higher lows during these two days.
If that happens then we have a high probability bullish reversal setup which can be exploited with a double bottom signal M30/H1, a V-Power buy signal or a buy signal with the STME system on M1/M5.
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V-Power
We have published many high probability trading chances which you can use to trade with V-Power and Double Top/Bottom!
Therefore, activate your alert indicators (V-Power and DTB) and receive the signals in real-time! :)
Read everything here: Highest Probability Trading Setups (click here)
You can meet 900+ fellow traders in the private V-Power group where Thorsten and other experienced members discuss and announce setups every day.
V-Power can give you alerts in real-time or enter automatically for you into the announced setups while you are at your day job!
Read everything about V-Power and download the free version: V-Power Semi-Automatic Trading (click here)
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STME Setups
Maybe you didn't know that we also have a very active trading group which trades a trend based trading system called "Strong Trends with Magic Entries" (STME).
Our STME-coach Andro and experienced members are posting and discussing setups every day and educate you for free.
The STME group is one of the most active telegram groups where multiple live trade entries are posted every day, and you can join it here: Join The STME Group (FREE)
You can download the free version of the STME system and join the telegram group here: Test The STME System
By joining our telegram groups you will also benefit from many live trade announcements which the members often post in real-time.
Best regards,
- Mike Semlitsch
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