There is a young uptrend on the 4hr and this nice deep pullback on the 15 minute chart. MA's are still suggesting an up move but will need to keep a tight stop as the 4hr does show a possible double top. I think that this might at least re-test most recent high which would allow a long entry to have it's stop moved to break even.
We will wait for an entry signal!
Kommentare
AgingMillenial
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Closed at nearly 4-1 Reward-Risk
AgingMillenial
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New high means that the new higher low is valid. As price is struggling at 83 level moved stop to break even.
AgingMillenial
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Well we are in! Positive candle stick pattern off the 50EMA as well.
CarnellTate
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@tommunt, Great trade! I'm bearish on this now because of the supply zone above 83
AgingMillenial
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@CarnellTate, it is definitely struggling at that 83 zone so could go south from here. Tight stop and wait and see. Good luck!