I personally believe that if you use moving averages, use them well. It is best to trade inside them but before you decide to trade with moving averages, look at the formation forming right before it enters the moving averages. If it is clear to you and the market (at that time) isn't congested and seems clear, take the trade. I call it in the zone of trading when you have found your way within moving averages... it is effortless. I'm no pro but I have found my circle of competence and it's within the moving averages.
Commentaire:
Update... failed to truly look at the overall trend on the 4hr timeframe. It seems a little far-fetched to rise that high in a continuing downtrend. Possible reversal between 1.01857 & 1.00113 but we will see if it plays out