Rogelio
Short

GBPJPY ema cross

FX:GBPJPY   British Pound/Japanese Yen
690 2 17
GBPJPY            
Fibo moving averages
EMA (21) = Month average
EMA (233) = Year average

Beware of EMA cross, now EMA(21) could cross below EMA(233), this is bearish signal
alex.a
a year ago
at this Stoch, it is about to go up, so we wait ??? ^_^
Reply
Rogelio
a year ago
Hello alex.a , thank you for your comment
I see your point about stoch indicator, gbpjpy could go higher, I agree
Once EMA crosses, then Year average > Month average
So EMA(233) will be higher and act as resistance, when prices retest this resistance it would be a good point for entry short.
Reply
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