Pair was in an ascending channel channel breakout into consolidation range bound consolidation range breakout for bearish ENTRY take profit previous support watch Macd for bearish confirmation and direction
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Buy Stop has been hit Macd below 0 level line and macd red line - bearish bias
Yeah thanks for your insight. I see similar line at current price on 15 minutes chart. I will put a stop loss above the previous 15 minutes high. I think if it breaks it would be a bit nasty going up
midas11
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Its broken the 4h trend but hasn’t confirmed. I see it testing 0.7880 level. Which is around the 50 MA
Tradingstrategyguides
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@midas11, I agree, what do you feel will happen next?