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Price action

Which currency pair consistently has the most predictable price moves

Fri, 01/13/2017 - 1:59pm

I like USD/JPY and EUR/GBP, although strategically across all time frames at the moment trading is tricky. For example, on EUR/GBP the daily appears topped out but on H4 it is holding clear support using the M15/H4 5EMA and 30SMA. The range however is set in stone/solid at the moment. Can use M5 with the 8,34,89 EMA's to scalp in the zone it is holding now for the week, or, with a smaller lot allocation can let the market prove you wrong and either go short off the daily or long off of the H4. There are LOTS of PIPs in either direction if one chooses the proper path. Very solid levels to let the market prove you wrong. Make sure you stick to your risk tolerance and stop losses. Good luck and happy trading.