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Relating to previous weeks trades, I’m battling to find out The main reason for getting into the EURCHF, EURJPY and AUDJPY. I couldn’t see any obvious rejection at the point they turned, besides just playing aid and resistance and trendlines (which I believe has no edge on its own).
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We've been at a degree to the chart, previous resistance turned to possible assistance, the place we must see momentum by way of this zone. Using the 4 hour chart to peak in to find out if momentum on the upside is stepping in just isn't a nasty plan. Using a trailing quit would make great sense also.
Reply JohnnieMac Thanks SD. I do think your AUDNZD set up is a superb case in point. I might have been tempted to exit this in income before long following it achieved the 50 MA to the four hr chart on The premise that it’s reverted to the signify and should soon head back up, but looking at the daily chart there’s several additional pips to generally be experienced inside the necessarily mean reversion, and when you say there’s potential that we’ve grabbed a development reversal.
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