50 EMA and 200 EMA crossed over to the upside.
Some amount of retail orders must be gathering here by now.
Expecting a stophunt to the 50 EMA (water) with wicks/trap candlestick patterns.
No Pattern = No Trade
Lets see ..
Lot of people do take the moving averages cross + a close and so it's pretty logical to assume that there are a lot of retail order buildups in these zones as their orders come in from here. people also will often use the 50 EMA as a confirmation for something they take so most times the aggressive behavior is seen on these type of zone's to fake traders.
SL always go above the wicks of the formation
The drawn price positions are not specific but just a prediction of how it "May" look like when price bounces off from the water.
If pattern doesn't present on the Water = No Trade
**ADR(15) has been hit so it's highly unlikely this move happens today.
Possibly tommrow ...