Price has finally broke and managed to stay above 50EMA @ 1hr
Price to enter
1] Now
2] When price fall back to support (previously resistance at most recent swing high)
3] Price rejecting 50EMA @ 1hr
For Longer term trade.
Reversal fully complete when neckline is broken and stay above the zone highlighted.
Price to enter
1] Now
2] When price fall back to support (previously resistance at most recent swing high)
3] Price rejecting 50EMA @ 1hr
For Longer term trade.
Reversal fully complete when neckline is broken and stay above the zone highlighted.
Note
and price is moving higher. Expecting it to reach near or to resistance area which is the important level for longer term confirmation. (neckline break, double bottom )
move stop loss to entry level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.