 Hey, what's going on guys? My name is Mark and I do day trading swing trading that sort of thing and today I thought I would just talk about you probably if you've seen any of my videos In the past I just thought I would talk about Or something that I do talk about is waiting for the break above the EMA with the MACD and the RSI just to confirm That the stock actually has some momentum or wherever you're trading has some momentum and is heading in the direction we want to see right and I The reason that I thought I would bring this up today is because I did a video a few days ago on the The British pound against the US dollar Talking about exactly this so you can see that it's been on this massive downtrend recently, right? And if you were trying to guess the bottom And then you bought in here you can see that it's had a small push-up, right? And this is why and you can see the RSI is pointing up here, right? It's curving up The MACD is coming in for a sell but we don't get the break above the EMA and look what happens here, right? So it acts as a resistance then we get a sell-off and then we're back down here Okay, so this is why it's so important to wait for the break above the EMA. So once it catches momentum That's that's when it would have been a good time to To buy in okay, so I hope that I hope that makes sense, right? So you can see here when we're trending below it get the break above the EMA and then it holds above the EMA And we can hold we can ride it right up until We ever take profits if you want to take it a little bit earlier Or we wait for the for the break below and then we can take a profits car losses Depending on where you bought in and then you can see it rides it all the way back down to where we are and The EMA acts as a resistance, right? And you can see that same thing with the euro as well I think I did make a video about the euro as well with this right? So you can see riding all the way down to the bottom RSI has curved up Matt D's come in for a buy and We've the EMA is active as a resistance so We need we need this the the currency to catch a little bit more momentum before we buy in so just a short one But I just thought I'd talk about why it's so important to wait for the confirmation above the EMA Rather than buying in prematurely. I've been burnt by it many times myself. So that's how we learn right by making mistakes But apart from that the the British pound against the dollar and you're against the dollars looking like a really good buy soon So yeah, I hope this video was helpful. There's only a couple of minutes But but just my take on it if you enjoyed it, then thank you for watching Make sure you subscribe like comment all those sorts of things and if you're interested in these sorts of videos I do do that along with like weekly breakdowns of my stocks I'm looking at and and daily updates as to whether we've made money lost money that sort of thing as well. So Peace