Weekly ma's have crossed break of high for trend continuation . ltf buy setup
Price is now back above last year high and macd zeroline may see start of impulse wave
cross on 240 min macd with a break of low to confirm trend continuation
BUY - may take an early trade on 60 min if 200ma is broken and buy setup forms , if macd divergence forms on daily and crosses zeroline price may retest daily 200ma SELL- if 240min macd crosses back down and price follows then should see a continuation of down trend
SELL - cause price is below daily 200ma and macd zeroline a break of low for a sell buy - price would have to break 240 min 200ma for a buy setup
Daily macd is above zero line . looking for a continuation buy next week
SECOND ENTRY IS SET FOR BREAK OF HIGH STOPS ON FIRST TRADE MOVED TO PAY FOR SECOND TRADE
LOOKING FOR A BOUNCE OFF THE FIB FOR ENTRY IF NO DECENT ENTRY BREAK OF HIGH
HAD TAKEN THIS TRADE BASED ON DIVERGENCE AND FIB AND WHEN LAST WEEK HIGH IS BROKEN I WILL BUY AGAIN