Relief Rally To EMAs
April 28, 2010 – 2:16 pm | by trader
The London – NY overlap, my favorite time of the day for trading.
I see a downtrend for today as an overall direction, in the 15 min charts i see a relief rally to the 200 ema and in the 1h charts i see the rally to the 55 ema. In both i am getting also a reversal, getting in the market.
Market start to trade lowe but i am seeing some support here so i am getting out the trade with profits:
Entry time: 9:26 EST
Exit time: 10:29 EST
Pips earned:Â 28.50
Tags: 200 ema, 55 ema, ema, eur-usd, relief rally
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