Nobody knows what will happen next but we trade on what the prices provided to us.
The AU scenario made a shift short upward momentum in H4. It happens previously with a series of attempts to trade above 200MA but this time a likelihood of success by way of its crossover is high. The prices traded above 100MA and making a swing high to main 200MA.
The entry is somewhere 0.75365 level. This is a significant entry for long position as the prices traded just above the 100MA. If the price swing to the high of Point B, adjust the trailing stop to breakeven because we will anticipating a breakout action and close the trade somewhere near to 0.76662 level that will making us with a profit to 1:2+ RR with the risk below 100MA.
Caveat.
The AU scenario made a shift short upward momentum in H4. It happens previously with a series of attempts to trade above 200MA but this time a likelihood of success by way of its crossover is high. The prices traded above 100MA and making a swing high to main 200MA.
The entry is somewhere 0.75365 level. This is a significant entry for long position as the prices traded just above the 100MA. If the price swing to the high of Point B, adjust the trailing stop to breakeven because we will anticipating a breakout action and close the trade somewhere near to 0.76662 level that will making us with a profit to 1:2+ RR with the risk below 100MA.
Caveat.