if the price goes below the 200 EMA on EU and bounces back to retest the 200 EMA as a resistance I think it would most likely hold and could bring a good risk to reward ratio.
The macd crossed over the signal line giving us a buy signal, I bought in at the resistance point but it is not too late for a good risk reward ratio. Set stop loss at latest swing high and let the momentum run its course.
Macd crossed over above the 200ema on the 2hr chart, is in a strong uptrend and momentum is showing it is due for a big push up. Some slight signs of a reversal pattern with the support from the swing low being very strong
i need 5 reputation in order to be able to chat so i can learn, For this chart i think it will bounce off the resistance line i drew and continue the previous downtrend, take a look on the 4hr chart too.
USDSGD
Could have a big swing down if it gets enough momentum bouncing off this resistance line at the 200 ema, look for a reversal signal
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