themikewwfx
Short

Countertrend Break of the 25 SMA

FX_IDC:EURGBP   EURO / POUND STERLING
With the system I use a strong bearish engulfing candle like this breaking through bullish phase line and the 25 SMA is a clear signal of a retracement. It doesn't necessarily mean a full trend change, but for what I'm lookin for the RR is perfect to grab a quick 2:1
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