Forex 200 EMA

What is so important about this 200 EMA as it runs along price bars on Forex charts?

For some really unknown to me, as a relatively new (only 1 year with Forex) Forex trader, this EMA has happen to be favorite EMA for many Forex traders...

200 EMA counts long period average of 200 price bars. It is known to be a moving flexible sort of a trend line, that draws a line between bears market and bulls market territory.

Vast majority of Forex traders obey 200 EMA suggestion and sets their orders accordingly: trading above 200 EMA - only buy orders, trading below 200 EMA - only sell orders.

Also if to set 200 EMA on the chart one can notice that a clear break of 200 EMA is always followed by a decent rally or a sell off.

Not having 200 EMA on Forex daily chart is believed to be a bad manner... Is it so?
May be yes, if to consider that 200 EMA has somehow become so popular; may be know if a trader is not intended to use this 200 EMA suggestions anyway.

Dancing at 200 EMA

No reason for adding another GBP/JPY screenshot today as the price is dancing tight at 200 EMA border. Kind of boring scenario, but what are you gonna do?

Trading is often about waiting and no one likes to wait... except for disciplined Forex traders of course.

Trying to be disciplined... wish you the same.

Cheese ~C:o never bored me :)

GBP/JPY entry at resistance again

Hmm, the bulls don't give up, however the bears got the point i guess and hold resistance firmly. Another week of consolidating market.

Yesterday evening the price was testing the same old resistance level - perfect opportunity to Short. Today we see that it worked and we aim at at least 300 pips, or even more.

Setting Daily Pivots is recommended to see what's on the menu.



Cheese ~C>

GBP/JPY resistance held

Today we see a progress move down of GBP/JPY pair after a battle at 200 EMA, which also coincided with 0.618 Fibonacci level on a daily chart.

Looking at upcoming support levels, but they shouldn't be a problem.



Cheese ~C:>

Good morning everyone, trading GBP/JPY

GBP/JPY pair is now in a tight consolidation.
There is a battle going on at 200 EMA level. it would be very difficult for buyers to break that levels of enormous resistance.
In addition sellers are so confident because they also have Fibonacci 0.618 level to back them up.
Waiting for a solution of this very tight battle. Sellers have all the arguments, but buyers somehow don't give up yet...

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