Price is above 100 sma
Price could continue up to the 50 sma
Price usually moves sideways awhile when in-between 100 and 50 sma
Price may breakout above 50 sma and retest range top
Enter bullish breakout on a 15m chart with a break-hook-go candle pattern
Price could fail above 100 sma and cross below it again
Sell Stop @ 1.6725
Sell Take Profit @ 1.6690
Find appropriate SL
Price could continue up to the 50 sma
Price usually moves sideways awhile when in-between 100 and 50 sma
Price may breakout above 50 sma and retest range top
Enter bullish breakout on a 15m chart with a break-hook-go candle pattern
Price could fail above 100 sma and cross below it again
Sell Stop @ 1.6725
Sell Take Profit @ 1.6690
Find appropriate SL
Note
Price consolidated sidways and then broke bearish - trade enteredNote
Price has consolidated around entry pointMacd is over-sold so price may rise back up to 100 sma
There price will either break above 100 sma or bounce short again
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.
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.