Monthly and Weekly 50EMA's used as Support - Bullish
Daily formed a higher low Bullish. Also formed an odd looking high test, which would have been better if formed a bit higher up - Bearish
4 hour - can't deny the acceleration lower.. Room to the 50 EMA.
1 hour slight break of the 50 EMA maybe used as quick resistance for the 1:1 entry I'm looking to place. Bearish
1 hour also effectively rejecting the 0.618 retracement, so possibly now forming a higher low. Bullish
I wouldn't hold long term for a short.
R:R 1:1
In and Out.
Daily formed a higher low Bullish. Also formed an odd looking high test, which would have been better if formed a bit higher up - Bearish
4 hour - can't deny the acceleration lower.. Room to the 50 EMA.
1 hour slight break of the 50 EMA maybe used as quick resistance for the 1:1 entry I'm looking to place. Bearish
1 hour also effectively rejecting the 0.618 retracement, so possibly now forming a higher low. Bullish
I wouldn't hold long term for a short.
R:R 1:1
In and Out.
Trade closed: target reached:
1 percent made. This is what should an in and out trade should be.
Comment:
PLUS 1%