One to watch for....
I missed this one, and came in about an hour after the entry, but I thought I'd share it for discussion.
The price has been scooped by the 10 (not much, but it is there).
The 50 EMA is almost dead flat, the 35 hasn't turned yet but they are diverging.
Now price breaks through the 35, retraces and hits the 35 in confluence with the the 10.... When price, the 10 and the 35 all meet like this, the trend has reversed... and I don't recall it ever failing.
The 10 is being respected and when the tiny candle closes above it, and it has also retraced and held above a very important level - 1.0000... Parity!! inicated by the purple line. (Since deregulation in 1983, the Aussie only hit parity for the first time in October last year. It made headline news in Australia mainstream media!)
That to me is screaming "Trade me! Trade me!", and if you did, you could have gotten 150+.
I missed this one, and came in about an hour after the entry, but I thought I'd share it for discussion.
The price has been scooped by the 10 (not much, but it is there).
The 50 EMA is almost dead flat, the 35 hasn't turned yet but they are diverging.
Now price breaks through the 35, retraces and hits the 35 in confluence with the the 10.... When price, the 10 and the 35 all meet like this, the trend has reversed... and I don't recall it ever failing.
The 10 is being respected and when the tiny candle closes above it, and it has also retraced and held above a very important level - 1.0000... Parity!! inicated by the purple line. (Since deregulation in 1983, the Aussie only hit parity for the first time in October last year. It made headline news in Australia mainstream media!)
That to me is screaming "Trade me! Trade me!", and if you did, you could have gotten 150+.