Quoting iboersmaDislikedRongshishong,
I'm not sure what you mean when you say there's "no space between the price and the 55EMA". When I bought (and roughly when Snag bought), the price was at 114.98 and the 55EMA was at 117.03, making the difference 203 pips, which is more space than this pair has seen for quite a while...
Take a look at 12/19/2005 on USD/JPY and you'll see a similar trading setup to the one we see today, which was good for around 100 pips.
- IanIgnored
New to this site. Can I get a clarification on "no space between"?
Thanks
Johnny
JohnnyPhoenix
He who controls the SPICE controls the Forex universe!