Disliked{quote} With the Auz/Nzd I am looking at the same thing as you. 4h macd rules state, break of 21ema, pullback to 21ema, move to 89 sma. Whilst this might seem set up in the 4h chart if you look at the 1h chart you will see you would be breaking the rules of market rhythm by buying here. Price has broken the 21ema in 1h, pulled back, so now we would assume it will move back to the 89sma before it will head higher. Daily is set for long breakout so I am waiting for a pullback to the 89sma in the 1h before looking to buy in. {image}Ignored
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- Aug 26, 2014 1:56pm Aug 26, 2014 1:56pm
follow @Elliotwavetiger @peternormans for big pips