1st retrace after the cross.( price crossing the 50 SMA] trigger k hook after candle close and a shift up on macd momentum 1st target is usually the the 100 SMA 2nd target 200 SMA Fractual confirmation? a K hook and momentum shift on macd on the next higher TF. When trading into resistance (100 SMA) make sure you have at least a 1:1 R/R.
If we trade higher. An added bonus is we already tested the 100 SMA. The 2nd attempt could be the lucky one. But its not unuasl in normal trading conditions (no news events etc) to test resitance a few times ( our mentor always says 3 is the magic number. lol ) in this case we are hoping the second time is) that is of course if we trigger long.
If we trade higher. An added bonus is we already tested the 100 SMA. The 2nd attempt could be the lucky one. But its not unuasl in normal trading conditions (no news events etc) to test resitance a few times ( our mentor always says 3 is the magic number. lol ) in this case we are hoping the second time is) that is of course if we trigger long.