The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
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I have a question regarding the 60 EMA in the 5min chart. How do I read this or what's it's applied application in the 5 min chart. I searched for info here and in the online course however I have found nothing or I missed the reason for the 60min EMA.
Cheers
The "20-bar EMA from the 60-min chart" on 5-min chart is simply a support & resistance reference level. Just treat it as a potential turning point, for example.
Al notes in his "My setup" article on the Learn to Trade menu that "I also plot the 20-bar EMA from the 60-minute chart as well, because the market often treats both as support and resistance." Al likely discussed same in the course video #4 of same name, as well as in the Support & Resistance course videos.
Excellent info, thank you for responding.
Cheers.
