This EMA test produced 9% over 5 trades
Create four closing price Exponential Moving Averages (EMA) indicators on a 4hr chart
20 EMA , 50 EMA , 160 EMA and 400 EMA
1. Look for alignment on the two bigger EMAs (160 and 400) - when 160 is below 400 for a short and 160 is above 400 for along
2. Wait for the same setup on the two lower EMAs (20...
EURGBP may have just given us a better entry price with this Gartley D leg retracing just under our entry point.
Its a long trade with targets at 0.318 and 0.618 for 2 individual trades, a potential 105 pips. Lets go!
We're looking out for EURCAD turnaround as buyers step in.
Will the break out happen on the 20EMA bounce or only after a complete cypher?
In either case, we're available for a LONG trade
Point B - price retraces X, crosses 0.382 but not 0.618
Point C - price extends XA up to 1.272
Point D - we'll see if price retraces XC to 0.786