H4
H1
What to do now?
- Currently testing upward trendline which is the purple trendline
- Break through the previous downward trendline which is the Pink trendline
- A support at the bottom of Fibo 0.382 level
- The candlestick is above the 200SMA trendline that's mean trend might be bullish
- And 200 SMA can be a support level due to the historical pattern formed
- MACD begins exhaustion weakness shows by the red histogram is changes to the pink histogram and reducing the bearish momentum
H1
- The current movement in the upward channel
- MACD line and Signal line made across under the 0 that might have a trend changes in the future
- histogram of MACD was standing above the 0 and the histogram are staying dark green that's mean the bullish momentum is still strong
What to do now?
- Long the market immediately or
- Waiting for confirmation due to currently is retesting the support zone
- Please do your own proper risk management