Price is under EMA200 (green line) at 4H and just retest it last Friday. It seems is heading to support again at 111.5, but...we never know. Anyway, as price is below EMA200... trend is to go SHORT, right ??
Comments
AriefMaulana
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have u tweak your EMA? 200 EMA is based on daily so I think it's value must be different in 4H
AriefMaulana
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In my count the value is 1200 in 4H
Cambista
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@AriefMaulana, If the price is about 113, EMA200 can´t be 1200. In this case the daily EMA200 is 110,3 and on 4H chart is 113,80
AriefMaulana
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@Cambista, have you tried it? I've tried it in both tf and its value is almost the same
@AriefMaulana, EMA200 is based on every timeframe, and it has different values on each one of them
AriefMaulana
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@Cambista, why? I think 200 candlesticks (daily) meaning that EMA count based on yearly (market open)... so one candlesticks in yearly tf would be 200 candlesticks in daily...