Hey guys,
I took a short on CADJPY on the bar marked with an arrow. Pin bar was not perfect. But the confluence was strong. Came off weekly (red) & daily (yellow) PPZ. Off 365 day EMA. I remenber Jim saying this on forum price has a tendency to shoot off 365 EMA. I did make 150 pips. I was wondering would you guys consider this as A setup or was I just being lucky here?
Thanks,
Vinay
I took a short on CADJPY on the bar marked with an arrow. Pin bar was not perfect. But the confluence was strong. Came off weekly (red) & daily (yellow) PPZ. Off 365 day EMA. I remenber Jim saying this on forum price has a tendency to shoot off 365 EMA. I did make 150 pips. I was wondering would you guys consider this as A setup or was I just being lucky here?
Thanks,
Vinay