**Daily**: formed inverted head and shoulder pattern. Recent price retested at the daily 50 EMA. MACD shows more bullish momentum is added.
**4H**: Approaching strong key area at 1.2160 (first blue zone). Recent price retested at the previous resistance which now turned support at 1.21400 zone. Both EMA is about to cross but MACD is showing potential short-term momentum shift. My bias is towards buying the pair as I expect the pair will break the key resistance area 1.2160
**What to do now? When to buy?**
- Buy now due to the crossing of MACD happened in 1h, or,
- Wait for a bullish break at the next 1.2170 resistance zone.
- Do remember the MACD in 4h is not flavor to our buying bias!
Please remember trade in flavor to your risk appetite! Good luck traders!
**4H**: Approaching strong key area at 1.2160 (first blue zone). Recent price retested at the previous resistance which now turned support at 1.21400 zone. Both EMA is about to cross but MACD is showing potential short-term momentum shift. My bias is towards buying the pair as I expect the pair will break the key resistance area 1.2160
**What to do now? When to buy?**
- Buy now due to the crossing of MACD happened in 1h, or,
- Wait for a bullish break at the next 1.2170 resistance zone.
- Do remember the MACD in 4h is not flavor to our buying bias!
Please remember trade in flavor to your risk appetite! Good luck traders!
Trade closed manually:
closed at 1R