Buy-signal for AUDNZD after Carter's squeeze strategy
With this strategy, a buy signal is generated under the following conditions:
1. The Bollinger Band crosses the Keltner Band from bottom to top
2. ROC (Rate Of Change) is above 0.
This signal was triggered for the AUDNZD currency pair last Friday.
In addition, prices and volumes increase at the same time. This convergence gives hope for a stable trend.
The stop loss was set to 1.5 times the ATR (0.00469).
Therefore, a buy position on eToro is commissioned.
1. The Bollinger Band crosses the Keltner Band from bottom to top
2. ROC (Rate Of Change) is above 0.
This signal was triggered for the AUDNZD currency pair last Friday.
In addition, prices and volumes increase at the same time. This convergence gives hope for a stable trend.
The stop loss was set to 1.5 times the ATR (0.00469).
Therefore, a buy position on eToro is commissioned.