On H1, the price still be under 200 MA, which is good opportunity for short position.
Also, it found the resistance level that come from previous support.
Wait for the confirmation from MACD (overbought) and price action (reversal patterns).
However, the three green candles may break this level. If it breaks, you may follow long position.
Using proper money and risk management are a must.
Always set SL and TP for 1 : 1.5 RR
This analysis is just an optional for traders. Not all of analysis will be 100% correct !
Good luck to ya all :D
Also, it found the resistance level that come from previous support.
Wait for the confirmation from MACD (overbought) and price action (reversal patterns).
However, the three green candles may break this level. If it breaks, you may follow long position.
Using proper money and risk management are a must.
Always set SL and TP for 1 : 1.5 RR
This analysis is just an optional for traders. Not all of analysis will be 100% correct !
Good luck to ya all :D
Comment:
now 1.08248 :D