DislikedI was also considering this 4 H trade on the EU. The TDI was not very strong, but the first candle closed below the 5ema. I passed on this one because the TDI was not very strong, but I would like to get your opinion on it. Thanks again.
F09
AttachmentIgnored
I personally dont use the 5 ema, ive removed it from my chart. I wouldnt have taken that cross due to the 'choppyness' of the market. lots of blue and red candle mixed together with no real direction.
Ive marked the trades i would have taken
the first trade circled in white is a continuation of the trend (lower High) and has good tdi angle as well as having a nice gap or space between red and green.
the second and third are pretty much the same, higher low and lower high, nice tdi angle with some space between the red and green.
the red line is a nice double top but i wouldnt have taken it because the market is starting to range with no real higher highs or lower lows etc