DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
DAILY: Price has reached a strong support area. There might be a possible double bottom, and there is MACD divergence. Over extended 50EMA. We might be looking for a reversal.
4HR: There was a lower test candle printed. Price still below the 50EMA
I would have to wait for a cross of the 1hr 50EMA before taking a long position.
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