No surprises there then
You’ll obviously discover via your own observations that when prices begin moving cleanly through the levels it will leave clear higher high/higher low footprints going north & clear lower low & lower high footprints going south.
The moving average will follow along sloping obediently, shining the path for you & those are the behavior traits that you want to see playing out to obtain the higher odds opportunities when trading this style.
If the average is intertwining the price action & no clearly defined trend behavior is in evidence on that timeframe, that’s the time to step back & sit on hands.
Yeah, [I][U]attempting to[/U][/I] being the key phrase in that paragraph.
If price fails to make a determined push through the [U]last high[/U] on that timeframe (in this instance, yesterdays high of 1.4375) then as long as you get a valid green light from your 5 and/or 15 minute trigger chart/s & the risk is acceptable, you can take another short either at the 5 min hook, up at the european open of 1.4350 or the low of the Tokyo session through 1.4330, providing of course there’s sufficient & acceptable mileage left in the average days range tank.
But again, that will all click into place the more familiar you become with how the price action interacts with your chosen tools & method.
You got everything you’ll need to track & trail this market right here in these 2 threads.
This thread gives you a nudge in interpreting the markets directional bias. The other thread adds one or two logical features & benefits whilst providing a couple of perfectly adequate & acceptable triggers to get you aboard.