Price is above 100 sma
Price could continue up to the 50 sma
Price usually moves sideways awhile when in-between 100 and 50 sma
Price may breakout above 50 sma and retest range top
Enter bullish breakout on a 15m chart with a break-hook-go candle pattern
Price could fail above 100 sma and cross below it again
Sell Stop @ 1.6725
Sell Take Profit @ 1.6690
Find appropriate SL
Price could continue up to the 50 sma
Price usually moves sideways awhile when in-between 100 and 50 sma
Price may breakout above 50 sma and retest range top
Enter bullish breakout on a 15m chart with a break-hook-go candle pattern
Price could fail above 100 sma and cross below it again
Sell Stop @ 1.6725
Sell Take Profit @ 1.6690
Find appropriate SL
Comment:
Price consolidated sidways and then broke bearish - trade entered
Comment:
Price has consolidated around entry point
Macd is over-sold so price may rise back up to 100 sma
There price will either break above 100 sma or bounce short again
Macd is over-sold so price may rise back up to 100 sma
There price will either break above 100 sma or bounce short again
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