Macd over-extended sell.
Macd crossed above Red signal line - possible bullish directional move
Pair is in a range
Price has consolidated on the range bottom for awhile
Price may move toward 100 sma
Buy stop above current resistance @ 151.10
Take Profit 50 pips @ 151.60
To the left of that trade-able space is a red long body candle
This helps price move up smoothly with resistance points
Macd crossed above Red signal line - possible bullish directional move
Pair is in a range
Price has consolidated on the range bottom for awhile
Price may move toward 100 sma
Buy stop above current resistance @ 151.10
Take Profit 50 pips @ 151.60
To the left of that trade-able space is a red long body candle
This helps price move up smoothly with resistance points
Note
This is a follow up of the GBPJPY 1.16% 4H Bullish bias trade. Pair did hit 50 pip target.
Price is retracing to 50 sma
Price may bounce long off 50 sma
Take Profit is top of range
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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.