We had nice bounce from 61,8fib after jumping thru 200EMA, AMB did fall below it but quickly recovered. However, 200EMA was not supportive at all it this case, which worries me a little. We need to see more support from 200EMA before we can enter long profitable trade. This might be just one time jump as we might have seen before.
If you are still in this trade target lines are in orange on the chart (.8050 and .8725, conservative-previous high). If you are not, I would suggest to wait for retest of 200EMA. Moreover, fall bellow both EMAs will be definitely sell signal.
Also any comments are more than welcome.
Stay positive.
If you are still in this trade target lines are in orange on the chart (.8050 and .8725, conservative-previous high). If you are not, I would suggest to wait for retest of 200EMA. Moreover, fall bellow both EMAs will be definitely sell signal.
Also any comments are more than welcome.
Stay positive.
Trade closed: stop reached:
Stop below 50EMA reached. AMB for now failed to find support on EMAs.