- Daily Chart >> Previous daily candle ended with a bullish pin bar signalling a possible correction after a long fall. Price to be corrected to meet moving averages or retest previous daily resistance level around 1.525632
-1 hour chart >> Triple moving averages (13,21,55) crossed towards the up side providing further bullish confluence. However stochastics are over bought so we wait to see if price will do a small retrace down and then pull back up or if it will continue going down ending the daily bullish retracement.
- 30 min chart >> Moving averages also crossed on this time frame and hasn't made any significant retest yet but the Price is currently testing the 200ma so we may see a pull back and then another rally up. but lets wait for price to close above the 200ma , do a small retest of that same MA b4 entering a buy.
-15min >> price just bounced off the bullish MA (55) , so its possible it may not go to low b4 heading up to the 200MA on the hour chart
- I will not enter this unless the price comes down a bit ..will enter a 1st position around 1.49262 once all looks well on the 15min chart
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Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience
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-1 hour chart >> Triple moving averages (13,21,55) crossed towards the up side providing further bullish confluence. However stochastics are over bought so we wait to see if price will do a small retrace down and then pull back up or if it will continue going down ending the daily bullish retracement.
- 30 min chart >> Moving averages also crossed on this time frame and hasn't made any significant retest yet but the Price is currently testing the 200ma so we may see a pull back and then another rally up. but lets wait for price to close above the 200ma , do a small retest of that same MA b4 entering a buy.
-15min >> price just bounced off the bullish MA (55) , so its possible it may not go to low b4 heading up to the 200MA on the hour chart
- I will not enter this unless the price comes down a bit ..will enter a 1st position around 1.49262 once all looks well on the 15min chart
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Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience
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Trade active:
Small buy position entered with an SL just below the previous low on the 1 hour chart
Trade closed: target reached:
target of reaching the 200MA on the 1 hour has been reached.