Here’s a cool chart, showing two nice entries, one of which could easily have generated 6-700 pips! The other on around 9 o’clock would have added some to this ..
I’ve marked 3 engulfing candles and “the” MA crossover with engulfing candle as well.
shame to say I didn’t realise that until well past posting the chart! But yes, you’re quite right, it’s best usually to be out of them market when there’s an important economic announcement coming up (or at least have very defined stoploss set up!).
But still, it’s interesting that the indicators actually worked in this ase – and it is an impressive illustration!