MY 20 EMA IS ABOVE 50 EMA SO WE TRADING WITH THE TREND(UPTREND)
WE HAVE A 1-2-3 PUSH AND PRICE HAS TOUCHED THE 20 EMA AFTER THE MOST PREVIOUS SWING HIGH AND BOUNCED OFF.20 EMA PROVIDING SUPPORT AND BROKE THE RESISTANCE OF THAT SWING HIGH.ON THW 4H TIMEFRAME ,WE HAVE A RED CANDLE PUSH DOWN,A HAMMER AND A GREEN CONFIRMATION CANDLE THAT THE MARKET MAY PUSH UP.
I WOULD SET A RISK TO REWARD RATIO OF 1:1.45.....
JUST AN IDEA OF MINES.
WE HAVE A 1-2-3 PUSH AND PRICE HAS TOUCHED THE 20 EMA AFTER THE MOST PREVIOUS SWING HIGH AND BOUNCED OFF.20 EMA PROVIDING SUPPORT AND BROKE THE RESISTANCE OF THAT SWING HIGH.ON THW 4H TIMEFRAME ,WE HAVE A RED CANDLE PUSH DOWN,A HAMMER AND A GREEN CONFIRMATION CANDLE THAT THE MARKET MAY PUSH UP.
I WOULD SET A RISK TO REWARD RATIO OF 1:1.45.....
JUST AN IDEA OF MINES.