This week was a successful week for the Koala System with many opportunities for winning trades.
I have circled them in black. This is mainly courtesy of the EUR/USD bull rally.
However towards the end of the week when the price starts to consolidate, we have little opportunities for winning trades.
We must remember that the Koala System helps us to minimise the chances of going against the trend.
It does not pick tops and bottoms in ranging environment.
If you noticed my red circles, these are where the price hits the 200 EMA and reacted to it.
The time frame we are looking at is the M15.
This is interesting as the 200 EMA seems to act as a potential support /resistance line when the price approaches there.
I am intending to make use of this in future.
Trade safe.
