Price is at a confluence point where 50 sma and 50% fib have meet.
Price is inbetween the 100 sma and 50 sma resting at the 100 sma
Macd did cross above the 0 levelo line which indicates bul;lish bias
If price does go long exit trade if macd crosses back below 0 level line
If macd crosses below 0 level line and Red signal line bias is bearish.
Take Profits are at previous high or low.
Price is inbetween the 100 sma and 50 sma resting at the 100 sma
Macd did cross above the 0 levelo line which indicates bul;lish bias
If price does go long exit trade if macd crosses back below 0 level line
If macd crosses below 0 level line and Red signal line bias is bearish.
Take Profits are at previous high or low.
Note
Looks like pair is falling to Previous Low
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.