I previously wrote about the Tux Indicator and how i rate it highly for forex reversal signals on the 1 hour charts.
From the attached chart, USDCHF looks oversold with both the red line and blue line in the dark blue region.
Then, there is also divergence on the TMA Slope. As the price keeps decreasing, the TMA slope is increasing.
When trading reversals, I buy in a 100 pip range. So i opened a 3,000 position at 0.9250 and will keep adding into 0.9150. My stop is at 0.9100.
Any forex traders out there?
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