Short was based on previous swing high + EMA. Long was at 20 EMA. Better entry was swing low + 50 EMA. The оnly reason to close the position were the UK inflation data and of course the 40 pips profit.
Short was based on previous swing high + EMA. Long was at 20 EMA. Better entry was swing low + 50 EMA. The оnly reason to close the position were the UK inflation data and of course the 40 pips profit.
Ignored
Thank you for the answer!
On my charts there was not a test of previous swing low and EMA... probably the differents of brokers. So I would even not consider as an option to take long off low +EMA this time. I was wrong.
I see this nice test of 20 EMA on GU, but it does not coincide with any swing lows... and as I do not have the possibility to look at quotes I could look only for swing high/low coincide with EMAs. So - just miss this set up. The risk/reward is not the best but still normal I think.
I see this nice test of 20 EMA on GU, but it does not coincide with any swing lows... and as I do not have the possibility to look at quotes I could look only for swing high/low coincide with EMAs. So - just miss this set up. The risk/reward is not the best but still normal I think. {image}
Ignored
When the EMA concides with swing hi/lo it is better. Sometimes when the price move is stronger entries could be made only at EMA.
