Friday, 2 August 2013

EURSEK - Great example of Marabuzo lines

To my mind the usefulness of Marabuzo lines is undoubted but its good to emphasis the point every now and again.
Below is a chart covering the rise in EURSEK over the last 2 weeks. Obviously the rejection of the lower end of the Keltner channel was the 1st sign of demand but since the upside began there have been two perfect example of the Marabuzo line catching profit taking and acting as a platform for the trend to continue.
Are using this indicator in your trading yet?



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