Free Forex Price Action Trading Strategies / Psychology Site

Monday, 20 May 2013

200 EMA BOUNCE - GBPUSD short

Earlier GBPUSD made a daily high with a large outside/engulfing bar off the 200 EMA on the 15 minute chart, as highlighted in the image below.



It would have been possible to take the short break of this bar with the 200 EMA Bounce strategy.
It remains to be seen how this trade would work out. It has yet to reach break even.

No comments:

Post a Comment