EMA's squeeze on daily DOT/USD.
Updated
We already have the first EMA (20/50) cross on the daily chart.
However, in doing so, the wick has bounced off EMA200. That is this?
This is a squeeze between the averages.
And also we have a contradiction between daily Stoch RSI and VFI.
There will probably be a retest of lower boundary of the old channel where a rejection will occur.
I will let you know later with which stoploss I opened the short (if I do). I have more to observe.
I may not open a position at all.
However, in doing so, the wick has bounced off EMA200. That is this?
This is a squeeze between the averages.
And also we have a contradiction between daily Stoch RSI and VFI.
There will probably be a retest of lower boundary of the old channel where a rejection will occur.
I will let you know later with which stoploss I opened the short (if I do). I have more to observe.
I may not open a position at all.
Trade active
EMA crossing do not stop at ever-larger timeframes. There has just been a crossing of 50 and 100 EMAs on 12 hour timeframe. A drop is likely to start within the next 2-3 days (calculating roughly the intersection of EMA 20 and 200). I am starting to gain a short position right from here and will increase it with each 50 cents price increase. Stop 41$.Note
Oh, it turns out at this point the 6H chart is very interesting.
Trade active
Note
Note
Conflicting picture on 3H and 8H timeframes.Trade closed manually
Note
There is already a bad cross of EMA50/200 at 8H. But there is still room to manoeuvre (3 hours says it all). Trade active
Reopened short position. These are all contradictions between different timeframes.Note
Here we go!Trade active
Trade closed manually
Enough for now. That was cool.Trade active
Short again! Enter 27.10TP. 21
Trade closed manually
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