We already have the first EMA (20/50) cross on the daily chart.
However, in doing so, the wick has bounced off EMA200. That is this?
This is a squeeze between the averages.
And also we have a contradiction between daily Stoch RSI and VFI.
There will probably be a retest of lower boundary of the old channel where a rejection will occur.
I will let you know later with which stoploss I opened the short (if I do). I have more to observe.
I may not open a position at all.
However, in doing so, the wick has bounced off EMA200. That is this?
This is a squeeze between the averages.
And also we have a contradiction between daily Stoch RSI and VFI.
There will probably be a retest of lower boundary of the old channel where a rejection will occur.
I will let you know later with which stoploss I opened the short (if I do). I have more to observe.
I may not open a position at all.
Trade active:
EMA crossing do not stop at ever-larger timeframes. There has just been a crossing of 50 and 100 EMAs on 12 hour timeframe. A drop is likely to start within the next 2-3 days (calculating roughly the intersection of EMA 20 and 200). I am starting to gain a short position right from here and will increase it with each 50 cents price increase. Stop 41$.
Trade active:
Comment:
Comment:
Conflicting picture on 3H and 8H timeframes.
Trade closed manually:
Comment:
There is already a bad cross of EMA50/200 at 8H. But there is still room to manoeuvre (3 hours says it all).
Trade active:
Reopened short position. These are all contradictions between different timeframes.
Comment:
Here we go!
Trade active:
Trade closed manually:
Enough for now. That was cool.
Trade active:
Short again! Enter 27.10
TP. 21
TP. 21
Trade closed manually
chart is very interesting.