I'm looking for a long setup for EJ.
the candle closed above EMA50
(Blue line = Daily Support) , looking for a re-tracement to this level before heading up and testing trend line again.
If it starts to head straight up to trend line ideally i would like to see it close above the golden zone ( 1hr resistance ) and retest the trend line and start an upward movement.
Tested 4hr support 3 times and failed , waiting for a close below the ascending trend line for confirmation. hoping to see a push towards downside 1hr support line in blue , 4hr purple after that
Closed below EMA50
4hr resistance tested 3 times and failed
