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Forex Trading 2018- TA/FA- Setups and discussion, page-3003

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bdell

1,009 Posts.

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15/05/18

22:06

Post #: 33117952
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Originally posted by RickM ↑

Hi Bdell -

Yes the H4 63EMA is close to the Day 10EMA

First of all I trade when I see a Weekly Bias as seen on a Weekly Candle.
Here I can draw a Red Line.

1.. Weekly Bias ( In case of GBPJPY ) is below 150.447
2.. Below the 63EMA on the H4 which is the Daily 10EMA approx.
3.. In a series of Lower Highs and Lower Lows.
4.. No Day Resistance just in front of trade.

I am Buying or Selling when I see a good Day Chart Trend - but perform the task on the H4

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Thanks Rick, much appreciated
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