Construct a template according to the following settings:
8 EMA (yellow, dotted)
12 EMA (violet)
24 EMA (cornflower blue, hence the name)
72 EMA (khaki)
Apply to H1 (conservative) or M30 (aggressive) chart only and remove the grid for clarity.
System principles Cornflower is based on the principle that trades should be taken when the same trend presents itself on multiple time frames. On an hourly chart, the 24 EMA obviously defines the daily trend. The 8 EMA, which is...
EURUSD
MACD in plus zone and supports uptrend. The pair broke through Bollinger Bands resistance and now its aim at the 1.5060. If the pair will be unable to close above 1.5060 the pair may start to correct, the correction levels are 1.4440 and 1.4088. If the pair breaks 1.5060 then 1.5195 maybe tested.
Resistance: 1.5063, 1.5195, 1.5342
Support: 1.4912, 1.4855, 1.4770
GBPUSD
The pair has drawn a triangle on the daily chart. The end of the figure is at 1.6954, but in...
