Hi, this interesting thread is getting quiet lately, so please see my observations on EUR/USD from this week. I am just starting with this strategy and these are my thoughts from several past days.
On 1H TF price was spinning around 60 MA and just under 200 MA. What can be seen after the breakout and closed candle outside the channel it can be reasonable to wait for a pullback and if it occurs decide from a little bit better price whether to trade or not. Thanks to that it would be possible to got out with lower loss or BE.
I remember that it was already mentioned in this topic in the past and it looks like this advice is still valid.
Any comments to the below potential trades are much appreciated. Has anyone tried to trade these setups?
On 1H TF price was spinning around 60 MA and just under 200 MA. What can be seen after the breakout and closed candle outside the channel it can be reasonable to wait for a pullback and if it occurs decide from a little bit better price whether to trade or not. Thanks to that it would be possible to got out with lower loss or BE.
I remember that it was already mentioned in this topic in the past and it looks like this advice is still valid.
Any comments to the below potential trades are much appreciated. Has anyone tried to trade these setups?
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