If any of you traded the New York session, there was a very nice EUR/USD pullback to the 21 EMA on the four hour chart. I unfortunately didnt take that trade because my risk/reward was not working out. Now, however, there is an interesting set up coming.
After a nice rally upwards on Tuesday and Wednesday, most of yesterday was consolidation in a range. I am waiting for a break out of the range, then a pull back, and we are set up for a nice long. Conversely, if we don't break out, I suppose you can scalp around in the range. Lets see.
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