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Forex Blog Market Analysis - Forexmospherians.com

forex trading (3)

Just a quick note on something to consider - the 62 EMA.  Take a look at it on an hourly chart (or 4-hour), and see how many times the popular 50 MA gets overrun but price stops dead on the 62 EMA.

What a weird number, huh?  I can't even recall who pointed this out to me (but then, I drink a lot), but I've had it plotted on nearly all my charts ever since.

Have a fun, profitable day.

Love always,
Jack

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Forex Blog Market Analysis - Forexmospherians.com

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