This is a strategy I have heard about just never really looked into it. Today I thought I would look at it breifly. My visual test looks good. I looked at several pairs on the weekly and the daily.
Thought I would track some set ups to see how it plays out.
What Im looking at.
I am looking at the higher lows setting up with higher highs.
Price has crossed the ma's. Price has came back into the 40ma and bounced off once already. Now
price has come back into the ema's with the 10ma crossing the 40 giving a buy signal.
SL is at .7177
Buy @ market when market opens later today
Tarket is when 10ma crosses back below 40ema
Thought I would track some set ups to see how it plays out.
What Im looking at.
I am looking at the higher lows setting up with higher highs.
Price has crossed the ma's. Price has came back into the 40ma and bounced off once already. Now
price has come back into the ema's with the 10ma crossing the 40 giving a buy signal.
SL is at .7177
Buy @ market when market opens later today
Tarket is when 10ma crosses back below 40ema