I want to clarify something, because some of you might ask "what about breaking that RegChan or TL".
Well, I am telling you that it broke a Trend Line. You will see it in the attached picture.
About RegChan, it's simple, the price hit (@ 7.00AM GMT) the upper level of the RegChan 1 hour before the 2 EMAs to cross and price to move bellow them. For me RegChan give more accurate signals (of jumping) than Bolinger Bands, because its lines act beautifully as Trend/Support Lines or Resistance Lines and Forex market is about trend, support and resistance.
[Bolinger Bands are good, when you are lucky enough to spot the reversal , you never know when price jumps from a Bolinger Bands, well you know from some patterns available on the internet but they are not always working, because the BIG guys know them and when they spot few (10-20K) traders entering on those patterns, won't let the pattern work, will drag the price to eat their stop losses and then they will let the market evolve. That's why sometimes traders think market works against them, because they are so small compared to BIG guys so they become victims of the game. A smart entry will always put the BIG guys in the position of not doing anything because that entry correlates with hundreds of thousands of entries from other traders]
Happy pippin !
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