Price is in between 50 sma and 100 sma
Chart showed good example price goes halfway and falls back to 50 sma
Macd above 0 level line Bullish bias
Price will continue to 100 sma or may fall back to 50 sma again
If price falls back to 50 sma it will continue falling or bounce towards 100 sma
Watch Macd for direction
Two possible ENTRIES
Take Profit is either 50 pips or the 100 sma
SL below 50 sma
Chart showed good example price goes halfway and falls back to 50 sma
Macd above 0 level line Bullish bias
Price will continue to 100 sma or may fall back to 50 sma again
If price falls back to 50 sma it will continue falling or bounce towards 100 sma
Watch Macd for direction
Two possible ENTRIES
Take Profit is either 50 pips or the 100 sma
SL below 50 sma
Note
Price did fall below 50 smaNew Entry point short
New Take Profit
Note
Sorry wrong chartNote
Here is some thoughts on the 15mNote
Pair in consolidation
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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.
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.