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salvanost
Dec 16, 2022 1:33 AM

breaking 200EMA on 4H Short

GoldOANDA

Description

4H EMA 200 even when in a big trends like to retrace and break EMA 200 support or resistance
but for now there is a double bottom 177x zone
possible retrace up first before dropping again to 174x zone and continue to 172x zone

Comment

it's a different retracement where I see 175x zone can go to 1920 or 1990 zone
but I believe 1920 and 1990 still a very good target in long term
Comments
soniaasu
price is going up... but RSI indicator is going down.. in daily chart.. confirm reason?
salvanost
@soniaasu, this persistence would leading to higher target on 174x, but dunno when the drop
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