+Price bounce from EMA50 with strong bullish engulfing pattern at Stochastic Oversold. +Buy on Dip Signal Appears with +ve Force Index. =MACD is starting to turn upward.
Plan :- Add Long position with with relatively low risk. Further buy if breaks 173.5 level. Stop Loss below EMA50
Trade active
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MSI move as predicted. Breaks 173.5 and become support. Currently testing previous swing high. 179.3
Move stop loss to 168... go with the trend.
Trade closed manually
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Weak. Price resisted and fail to breaks key EMA. -ve Force. Bear is dominating.