Oscillating market 50 EMA resistance +3 true S/R touches MACD divergence Phase: Pullback Market deceleration 1:1 win ratio
Trade closed manually
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Due to lower timeframe analysis i decided to close my position. The price made a bullish 50 EMA support re-test.
Comment
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My new entry is @ 0.70097 sl @ 0.70650 tp @ 0.69494 The reason why i placed a new entry order is because the D1 candle formation from 11.06. shows significant bearish signs and we have a bearish 50 EMA break through. Best case scenario would be a re-test of the 50 EMA resistance.
Comment
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Main reason why i canceled my order on 08.06 was because of a failed shooting star candle formation but the latest D1 candle shows bearish signs again.