15M EMA C FB - EMA 200 + EMA 14 - EMA Cross - Wide Inclining EMA 14 - HH formation - Devil's advocate on 4H FLB Long
An upside break of structure (90 pips) with EMA crossover to upside, with EMA 200 & EMA 14 as Support. Price also has confluence with the overall trend as it has just rejected the 4H FLB Fib Long region. Although price is still currently in a Bearish tideshift on the 1H TF.
I'll be expecting price to atleast retest the Resistance at 1744 level.
Bias = Temporary Bullish
Structure = Corrective
Setup = Yes, 15M EMA C FB
Confluence = EMA Cross, 4H FLB Setup - EMA 200
An upside break of structure (90 pips) with EMA crossover to upside, with EMA 200 & EMA 14 as Support. Price also has confluence with the overall trend as it has just rejected the 4H FLB Fib Long region. Although price is still currently in a Bearish tideshift on the 1H TF.
I'll be expecting price to atleast retest the Resistance at 1744 level.
Bias = Temporary Bullish
Structure = Corrective
Setup = Yes, 15M EMA C FB
Confluence = EMA Cross, 4H FLB Setup - EMA 200
Trade active
1 position hit tp at 30 pips2 Position as runner to 60 pips
Trade closed: target reached
2nd position closed at 47 pips
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Related publications
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.