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Tuesday, October 27, 2020

Daily 8EMA Gap close

Daily 8EMA Gap close


Good day.

Possible daily gap being closed. Interday trade.

Waiting for continued momentum to the downside. Just had a retest of the 50EMA on the 1H.

Will wait for a break and close below the 1H 8EMA before I enter this trade.

Stops will be above the retest High
TP will be the 8 EMA on the daily, but if you want you can babysit the trade and see if we retest the 50EMA on the daily. That will then be your TP.

Risk accordingly

Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.

Please share your Ideas with me and I am always open to positive criticism.

Remember to use risk according to your appetite.

Thanks for Checking out this Idea.

(All mentions of BCR and SNIPER are credited to Max Norbury of Forex Signals. Check out their awesome site:

from Trading Ideas
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