- Daily Chart >> Price hit a small demand area at 1.30000 and rose to correct itself back to MAs (weak bullish)
- 4Hr Chart >> Price made a Higher high at 1.32974 which made price cross above triple MAs and touched the 200Ma on the 4 hour. Stochs also on the rise. Price constantly testing the 55MA as support and bouncing up (good bullish)
- 1hour chart>> Price tested the 200MA on the 1 hour numerous times and was rejected. Price is currently slightly above the 21 MA and going up.
I will enter a small buy position on the retracement off of the momentum on the 1 hour chart as this pair is till bearish on the daily. My target is 1.32645 just below the 200MA on the 4 hour chart
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Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience
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- 4Hr Chart >> Price made a Higher high at 1.32974 which made price cross above triple MAs and touched the 200Ma on the 4 hour. Stochs also on the rise. Price constantly testing the 55MA as support and bouncing up (good bullish)
- 1hour chart>> Price tested the 200MA on the 1 hour numerous times and was rejected. Price is currently slightly above the 21 MA and going up.
I will enter a small buy position on the retracement off of the momentum on the 1 hour chart as this pair is till bearish on the daily. My target is 1.32645 just below the 200MA on the 4 hour chart
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Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience
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Trade active:
Stoploss is 1.31514. Price didn't go up as much as we thought but it is still within the range. Going to hold that position and allow trade to either hit the SL or it may go back up
Comment:
Stoploss area held. Price went back up over the 200MA. Trade still running
Comment:
Stoploss moved up just below the most recent low on the 15min chart
Comment:
Stoploss was readjusted (1.31375) and price just above it. Leaving it as is. If it hits it hits