Note the hammer candle that pinned the trend line on the daily time frame.
Price is just below the 200ema and the candle from Friday kissed the MA perfectly.
1. Price needs to print a bullish candle for today
2. 200ema needs to be broken to the up side
3. Using H4 for entry can be beneficial for a better risk to reward ratio
Price is just below the 200ema and the candle from Friday kissed the MA perfectly.
1. Price needs to print a bullish candle for today
2. 200ema needs to be broken to the up side
3. Using H4 for entry can be beneficial for a better risk to reward ratio
Order cancelled:
No trade, the setup was invalidated so I will publish a new idea for a short instead given the current data.