2015-09-30_23-40-38eurusd forex.today

Before us lies the eurusd 5 min chart. The 200 MA is pointing down so our prefered trades are the bearish ones.

The other thing that comes to mind is the angle and seperation between the 200 and the 55 moving averages.

This information reenforces our belief to take short trades only and that we might be given a strong bearish trend for the day which the market did.

Even with all this information we can see that the chart or price if you will is a little messy.

You can see that on the upper and lower wicks of the candles.

Never the less bearish trades would have made you some profit.

BEST OF PIPS

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.