Take a short scenic route to some profits.
Why a long trade?
Higher lows developed.
Price has been away from the 50 sma for awhile.
Macd has crossed above the red signal line.
Watch pullback back to between 38.2% and 61.8% fibs then long.
Take Profit at the 50 sma. Confluence with 127.2% fib line.
Tell us how you would trade this pair!
Why a long trade?
Higher lows developed.
Price has been away from the 50 sma for awhile.
Macd has crossed above the red signal line.
Watch pullback back to between 38.2% and 61.8% fibs then long.
Take Profit at the 50 sma. Confluence with 127.2% fib line.
Tell us how you would trade this pair!
Comment:
15m chart price did have a pull back and now is in a bullish continuation move to the 1H 50 sma level.
Comment:
15m chart price hit 1H 50 sma target price.
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