when price is far away from the EMAs on the 1-hour charts ?
It’s not really wise to place an order when price is too far away
from the EMAs ...
you may be BUYing high or SELLing low, comparatively.
It’s best to wait on a pull-back / correction in this circumstance.
I like to use the 5 min. timeframe, with it’s EMA crosses,
to enter pull-backs in the direction of the 1-hour EMAs / trend.
Daily Trends following the NFP
The GBP/USD is showing me the greatest favor, so far, today out of 4 majors :
The EUR/USD & the USD/CAD aren’t trending nicely so far.
I have a BULLish bias on the USD/CAD after the NFP reaction, ...
also BULLs on the EUR/USD at the moment, both have remained pretty much sideways.
Definitely favorable for scalping (covering my behind with break-evens / slight profits)
I'm in a EUR/USD BUY now from 1.36381 ...
at break-even on the USD/CAD ...
nothing going on, for me, on the AUD/USD ...
should’ve went with the USD/JPY instead (I knew it ٩(͡๏̯͡๏)۶)