TomHall
Short

EUR.USD - Sell The Breakout

FX:EURUSD   Euro / US-Dollar
Currency Pair: EUR.USD
Time Frame: Daily & 4hr
Predicted Direction: Short

Live EUR.USD updates will be available in the comments section below
Trade ist aktiv
Kommentar: How i use the 50EMA on the 4hr TF

Kommentar: A consolidation / pullback breakout is now confirmed.
Kommentar: Stop loss adjusted to minimise risk.
What I do is have Daily chart S/R on H4 chart n crossover, but just using 50EMA acts pretty good as a bounce off from those lines.... Does the price breaking the 50EM has any significance ? Sometimes it breaks for few bars on H4 and then reverses...
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shettytushar shettytushar
@shettytushar, I am sell as well till 1.13830
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TomHall shettytushar
@shettytushar, I use multiple indicators and price action techniques so yes the 50EMA is a tool but it's not the whole weapon.
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@TomHall, I was just giving it a try, and it acts a very good confirmation tool, most of the time the price accumulates and drops/rises from EMA50. Thanks for the information, MA crossovers were sore to my eyes.
+1 Antworten
TomHall shettytushar
@shettytushar, My pleasure, i hope it continues to benefit you.
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Tom - this is really informative.. thank you
+1 Antworten
TomHall dgannon50707
@dgannon50707, My pleasure, i hope all is well your end.
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Tom - this was an absolutely awesome call. Really well done and thank you.
+1 Antworten
TomHall Paddy27
@Paddy27, Thanks very much, the message is greatly appreciated.
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Paddy27 TomHall
@TomHall, Thing is Tom - we should know what we are doing - and most of us do - but to have you there - backs up what I personally was thinking doing. and then to see it confirmed by your analysis, and my own meager understanding - makes it a lot clearer. I have a normal - Mundane job, to double my weekly income with trading is a bonus, and I'm getting so much closer to believing that I can do it without the day job! It helps when you echo my own understanding of the markets after yers of mistakes... Love you!

+4 Antworten
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