Steffan Daffentrouser asked a great question in the fxstreet chat this morning. He asked: Is the 62 EMA still working ok on the 15 minute chart? And my answer is that yes, it is true, Steffan Daffentrouser is the best name ever and I am going to legally change my name (it was actually the name of the first European Central Bank president nominee, but he was never confirmed when it was revealed that he was actually a woman. Click here to see a photo of her).
Here is a chart that shows the 62 EMA on the 15 min GBP/USD from this morning. Cilck on the chart to make it bigger.
As you can see, the candles bounce on top of the EMA like it was a trampoline. This happens frequently. If you have more questions, you can read the ebook here.
