DislikedThanks for the info Jarroo.
I am trying to use the EMA for slope direction but primarily as S&R and perhaps target areas.
Just looking at EUR/USD which seems to be showing a So so setup with a BUEOB on D1, the weekly is showing us an uptrend although we are just below a BRN of 1.2800
It is at a swing high and not a swing low.
I don't think I will take this even on demo but I will watch how it addresses the 1.2800 area & I have the FTA taken from the weekly high and low bars at the blue rectangle at 1.2880.
It is interesting that the market...Ignored
Nice Pb. EMAs work stronger when they line up with PPZ level and target levels. The 1.2500 is a strong level and could help that BUOB which is at a swing high . .not good. I would like to see Price retrace back down to the 1.2500 for some bullish PA.
We could be heading to the 1.3000, which would be nice level because we would have a nice confluenced levels . .1.3000, 61.8 fib and 150 ema.
Indicators show the past. Price Action "Indicates" the future.