G'day everyone!
Ok, Like I mentioned yesterday, we have an EMA cross on the Daily for GBP/JPY. I've been waiting for hours to enter though, as stochs were high when the new candle formed and RSI(5) values have been up over 80 on most of the lower timeframes and RSI(14) has been up around the 70 mark as well. A few hours have passed since my Daily stepped, and I know that there are those of you out there who are now several hours past the stepping. Good news is that stochs have hit rock bottom on 15 min and 30 min charts and RSI(5) has rebounded off the 20 mark. I would be looking to go long at the next upward crossing on a timeframe higher than 15 mins.
-Benjimang
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