the attached chart from audusd shows what should be a good entry but but what often turns into a loser. The second candle in, the first candle is the active candle, shows a great bounce off of the 8ema and looks like a great setup but its not because you have a big up candle followed by the candle that bounces off of the 8ema and the candle that bounce off the 8ema was almost a full retrace of the previous candle and the 8ema is starting to flatten out. So no trade here.
I am trading about 5 times a week. K_Minos you need to focus only on what is right in front of you and not any other charts to place your trade, the correlation of currencies does not always hold true for periods of time.
I am trading about 5 times a week. K_Minos you need to focus only on what is right in front of you and not any other charts to place your trade, the correlation of currencies does not always hold true for periods of time.