FX:GBPUSD   British Pound / U.S. Dollar
72 2 0
Short to 1,637
Just curious . . .
What is it about this chart that shows an increased probability of
a down side before it tests the 200ma rather than an immediate
test of the 200ma ?
Reply
TANER YILMAZ dojitrader
Firstly, you'r right, i should drow sell zone between 1,6585-1,6635...
In addition, 1,6585 is middle strong resistance. Thus, i think it is not ready to break up. Let it to make proper support zone and than visit 200 EMA. Your missing point is montly 200 EMA just shown in the chart to let you make strategy that you should wait? Because my idea is it is nt return back 200 EMA, it plan up trend to 1,67-1,70 but firstly proper strong support. But still i am in dubt. That's why title is study!
Reply
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