FXCM's US.ECOMM Basket Dips on Hourly But Daily Bullish PositionFXCM's US ECOMM Basket is made up of ETSY, W, SHOP, WMT, EBAY, and AMZN. Its daily price is in the bullish area on the left. The hourly stochastic has crossed bullishly but the EMAs are yet to trigger upwards. If they do, it potentially signals that short-term traders have aligned themselves with the daily timeframe. A movement of stochastic to the 80 level and maintenance of that level (blue arrow) increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques.
