This is the setup I am looking at the moment. Let’s see how it works out. I am looking at buying some GBPUSD should the price retrace and trade around 1.6450. And first target at 1.67.
Here is the …. CHART
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I was looking at the same set up – the hourly EMAs are really tightly intertwined, so a break out is bound to be powerful. I may get in on a 15 minute retracement though, I think a four hour retracement will take a day or two. Good luck!
I read somewhere, I guess it was from maoxian. He who trades off 5-min chart, will last in the market for 5 years, and off 15-min will last for 15 years, and so on…
I guess, I’d love to trade for the rest of my life. …:lol:
I was looking at the same set up – the hourly EMAs are really tightly intertwined, so a break out is bound to be powerful. I may get in on a 15 minute retracement though, I think a four hour retracement will take a day or two. Good luck!
I read somewhere, I guess it was from maoxian. He who trades off 5-min chart, will last in the market for 5 years, and off 15-min will last for 15 years, and so on…
I guess, I’d love to trade for the rest of my life. …:lol: