Good evening/Morning Graeme and fellow traders,
I plan to stay on the sidelines tonight and take a break from live trading. Unfortunately, I have an early morning commitment tomorrow.
I looked at all available pairs near/approaching 200ema and looks like cad/jpy is getting prime for a short setup on H4. As I am avoiding jpy pairs this week, my choice of pair on watchlist tonight would have been gbpnzd. It's been ranging for a long time and is ripe for a breakout soon. It 'needs to' breakout soon away from 200ema. I don't see a clear bias towards long or short yet. So let's wait for a clear breakout from the current range and make a decision on direction based on what we see after the breakout. With some help from forum members, I have been able to make email alerts work in MT4 and have set alerts appropriately on this pair.
Good night everybody.
I plan to stay on the sidelines tonight and take a break from live trading. Unfortunately, I have an early morning commitment tomorrow.
I looked at all available pairs near/approaching 200ema and looks like cad/jpy is getting prime for a short setup on H4. As I am avoiding jpy pairs this week, my choice of pair on watchlist tonight would have been gbpnzd. It's been ranging for a long time and is ripe for a breakout soon. It 'needs to' breakout soon away from 200ema. I don't see a clear bias towards long or short yet. So let's wait for a clear breakout from the current range and make a decision on direction based on what we see after the breakout. With some help from forum members, I have been able to make email alerts work in MT4 and have set alerts appropriately on this pair.
Good night everybody.
Staying in my lane...