Hello all,
I would have to join yall with the short entry as well. I am now short on the EUR/USD. After the close below the 21ema as Palmer stated. I then switched to the 1H and saw a little pullback followed by a engulfing candle. Although there was not a MACD signal present, I entered solely on the price action around the moving averages and the emotion of the market as I anticipate we might go a little further down and might test the 1.2330 lows of october 2008. Also the ADX lines crossed on the 1H so I had many confluences of events to make my entry.
On the 1H chart you can see by the dotted purple vertical line when I made my entry. After the close of that candle.
On the 4H chart, you can see the down arrow which represents the 4H candle of the trade.
We will see how this plays out.
I would have to join yall with the short entry as well. I am now short on the EUR/USD. After the close below the 21ema as Palmer stated. I then switched to the 1H and saw a little pullback followed by a engulfing candle. Although there was not a MACD signal present, I entered solely on the price action around the moving averages and the emotion of the market as I anticipate we might go a little further down and might test the 1.2330 lows of october 2008. Also the ADX lines crossed on the 1H so I had many confluences of events to make my entry.
On the 1H chart you can see by the dotted purple vertical line when I made my entry. After the close of that candle.
On the 4H chart, you can see the down arrow which represents the 4H candle of the trade.
We will see how this plays out.
Keeping Life Simple