[ismailv]

5 min chart envelopes using a 390 simple moving average create bands at
0.05/0.1/0.15/0.2/0.3/0.4/0.5/ if need be 0.6 and 0.7 today gbpusd high hit the 0.50. Kolachi traders use 200 ema i tried on 15 chart using fib number such as .08/.13/.21/.34/.55/.72(half) today's high thus far the low 1.9732 was at bottom 0.05 band
if anyone out there knows of a better MA please let us know.
also try 140 sma on 15 min chart gbpusd with 0.05/.1/etc.
do not under estimate these envelopes and there turning points.
which one only god knows
ismailv