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83ema

EURCAD 100-EMA Pullback StrategySTRATEGY: 100EMA Pullback Strategy Focus Time Frame: 1H Long Term Trend Time Frame: 1D/4H Market Condition: Long Term: Ranging Short Term Downtrend Area of Value (AOV): 83/100/120EMA : 1.46137 - 1.46065 Entry Trigger (1H): Inside Bar (Low volatility/good RRR) Entry Price (EP): 1.45919 Stop Loss (SL): 1.46164 Take Profit (TP): 1.45183 (3R) Analysis: This is a continuation of the previously closed short position. Major Market Condition is ranging, but short term market condition appears as downtrend. Currently, the price break above/faked out of 50EMA and found resistance at 83/100/120 EMAs. To put simple, price made a pullback at 83/100/120 EMA. Strong price rejection manifested rejecting the said EMAs. OANDA:EURCAD Note: This post is for my reference/journal purposes only. Trade at your own risk.
Short
by jumpstartscript
EURCHF 10-83-100EMA Cross-OverSTRATEGY: 10-83/100EMA X-Over Focus Time Frame: 4H Long Term Trend Time Frame: 1D/4H Market Condition: Ranging Area of Value (AOV): 50EMA Entry Trigger: Bearish Engulfing Entry Price (EP): 1.09830 Stop Loss (SL): 1.10305 Take Profit (TP): 1.08422 (2.96R) Analysis On October 18, 2019 at 4:00 AM, price found support at 50EMA. Price continued to go up but failed to break above 1.10603. After that, price closed below 10EMA, found support at 83/100EMA but failed to break above 50EMA. Price somehow creating Higher Lows and currently respecting 50EMA which acts as Resistance. Price also closed below 100 and 120EMA and seems to continue going down. Note: This post is for my reference/journal purposes only. Trade at your own risk.
Short
by jumpstartscript