Hi,
Thanks for the indi. Questions.
Lets see the GBPUSD chart on H1 after friday closing.
Monday morning assume the price falls to 50% viz 1.5600. If it reverses from here , we set buy stop at 38.2% viz at 1.5629? and we also set buy stop at 61.8% viz 1.5570? SL for these is what ? Current 100EMA is 1.5451 on H1.
Similarly when do we know to short ?
I am not very clear about the rules here.
regards
Thanks for the indi. Questions.
Lets see the GBPUSD chart on H1 after friday closing.
Monday morning assume the price falls to 50% viz 1.5600. If it reverses from here , we set buy stop at 38.2% viz at 1.5629? and we also set buy stop at 61.8% viz 1.5570? SL for these is what ? Current 100EMA is 1.5451 on H1.
Similarly when do we know to short ?
I am not very clear about the rules here.
regards