Charting Markets into the Future...Mヌ者問ぎツ・.
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Quoting SeekingLightDislikedChart should explain it...hope it's large enough....
There were two valid signals but I didn't take the long one due to .6500 res, took the short one for a gamble since downside looked good had we breached, we did not however. Took profit at .6466 after entering at .6471 for +5 and moved stop down slightly to reduce risk and keep losses small.
Was a clear gamble on an early entry for a breakout which didn't happen.
This again shows that a valid RSI and EMA cross signal alone isn't always enough...railroad EMAs were both times cabled/tight and good, too, but it's all about the s/r and fibs...Ignored