Golden Cross in EUR?

Discussion in 'Forex' started by DannyBly1, Feb 14, 2008.

  1. Looks like we may have a golden cross (50 period EMA crossing the 200 EMA) in the EUR - very bullish signal if we get it IMO
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  2. I should also mention we are right up against a big 50% level on the hourly
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  3. Problem with 50/200 is by the time you get a signal most of the move is over. Look at the bearish cross - where could/would you have entered?
  4. Glad you brought that up -

    The last bear cross on the hourly (on feb 5th) ushered in a 340 pip move from 1.4779 where the cross occured down to 1.4438 on the 7th - I agree, it would have been hard to get in when the cross formed, but that was a pretty big and fluid downmove that followed it...

    Where could you have entered if you missed the initial move - perhaps selling retracements at around 1.4690 or lower at 1.4660...

    hindsite's 20/ me get smoked on my long now ; )