Candlestick was play a trick on me and maybe to most traders. There was a hammer showed up yesterday on 4H TF but it doesnt go up after, well this is why forex market called the wildest market.
Today i saw cable is about to create an upside down-head and shoulder formation, you can see that on 1H TF. Stochastic doesnt cross yet on 4H TF so upward is my fave today.
Todays strategy:
-go long using EMA34 on 1H TF, take 50-100 pips profit and set 30 pips stoploss.
-if u loosing some momentum, take some snack using stoch533 at M15 TF just dont forget that the stoch533 at 4H TF already at the crossing border and dont forget to move the stoploss when the profit already run.
Happy Trades
:-)
really looks weightened
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