Double confirmation; MACD and RSI, but volume still against bull
Updated
The MACD in the 4 hours chart already shows a bullish trending patter, as well as the RSI stoch. On the other hand the RSI shows that there is still some room for the bear, maybe up to the resistance level, measured from the february 6th low (around 9400 USD). I think this is an opportunity to get som profit from this slight rebound going long with 50% of my shares, but shorting after reaching contact with the 50 EMA.
Current decision:
Enter long: 10038 Stop Loss: 9570 (pivot point)
Exit long 50%: 9570 Move Stop loss up to break even.
Waint for the confirmation of the trend, probably bearish down to resistance level at 9400 USD.
Current decision:
Enter long: 10038 Stop Loss: 9570 (pivot point)
Exit long 50%: 9570 Move Stop loss up to break even.
Waint for the confirmation of the trend, probably bearish down to resistance level at 9400 USD.
Trade closed: target reached
Target of 10272 (10038 + 50% of risk) reached. +2.5% profitExit long with 50% of my shares and moved stop loss up to 10038 USD
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