oRANGE:
"I am not sure about the others...but I am still waiting for a clear angle and gap between 8 & 21 before I take any entry decision."
I couldn't agree more. I've been mainly trading the 5min when the 4hr is approaching another one of the s/r area on the EURUSD. Right now it's approaching the downtrend line. I'm long here per a 5min entry but the 4hr rhythm trades on this pair are on hold until we get out of here. The Dow and SP are stuck as well so when those break out, this pair should too.
"I am not sure about the others...but I am still waiting for a clear angle and gap between 8 & 21 before I take any entry decision."
I couldn't agree more. I've been mainly trading the 5min when the 4hr is approaching another one of the s/r area on the EURUSD. Right now it's approaching the downtrend line. I'm long here per a 5min entry but the 4hr rhythm trades on this pair are on hold until we get out of here. The Dow and SP are stuck as well so when those break out, this pair should too.
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