Price above 200 EMA on daily indicate that the long term trend is up.
This is a second retest of EMA50 after EMA 20 & 50 cross over.
It is a "Clean" move to EMA50 (daily) on lower time frame.
Setup is done. However, no entry trigger as of this moment.
Now wait for a entry trigger on lower TF.
Expecting a strong move on H1, H2 or H4 or pull back to enter
Buy market
Price lean against support at higher TF.
H4 cross 50 EMA
weak pull back
break the bull back
SL 0.87
TP 0.895 or Trailing on the close of previous candle low
NZDCAD, short setup.
Setup: Daily build Up
Trigger: Break of the build up (the Box)
SL: 1 ATR above the high
Take Profit: trailing stop (Prefer) or set TP @ 0.84
