Simple technical and price action analysis.
Even though on Daily chart, there is still consolidation, without a clear trend direction, on H4, there is an UPTREND forming, so I am looking at possibilities to enter long.
Now it looks that the momentum was lost for buy, but a small pull back close to MA 100, can be a good signal to enter long.
SL - Price might spike under 4000 level so a SL close to 3950 will be OK
TP - a RR2,5 close to 4,050, or you might push a little bit more to 4100 level.
Don't Stumble Trading. Trade Safe!
Even though on Daily chart, there is still consolidation, without a clear trend direction, on H4, there is an UPTREND forming, so I am looking at possibilities to enter long.
Now it looks that the momentum was lost for buy, but a small pull back close to MA 100, can be a good signal to enter long.
SL - Price might spike under 4000 level so a SL close to 3950 will be OK
TP - a RR2,5 close to 4,050, or you might push a little bit more to 4100 level.
Don't Stumble Trading. Trade Safe!
Trade active
Trade closed: stop reached