Great example of a flat pull back between 2 steep pull backs. ThE MIDDLE set-up is the set-up I am looking for. One can see that the steep pullbacks went through the 21MA to the 50SMA - very risky trade. With the EURJPY a possibility but not a high probability trade.
Just take note thaT the 21MA on SMAangle was still in the no-trade zone. The move was a total of only 10 pips - break-even trade or 6 pips profit.
Just take note thaT the 21MA on SMAangle was still in the no-trade zone. The move was a total of only 10 pips - break-even trade or 6 pips profit.
Willem
Forex recipe for success = Patience, discipline & hard work.