Uptrend is still on track
The price is waving between 50MA and 100MA, while 25MA crossed down the 50MA. The crossing 25MA down 50MA could give us a sign that the price moving down. However, we will not ignore the uptrend in 4h and D timeframe.
There is another sign, showing us the sideways. Looking for the previous 3 highs and 2 lows before the last price drop (in 4H timeframe), it is not obvious whether the price drawing a clear higher high or lower low.
Overall, considering the good Risk/Reward ratio = 2, and not putting at risk more than 2 % of an account, we can enter the trade.
There is another sign, showing us the sideways. Looking for the previous 3 highs and 2 lows before the last price drop (in 4H timeframe), it is not obvious whether the price drawing a clear higher high or lower low.
Overall, considering the good Risk/Reward ratio = 2, and not putting at risk more than 2 % of an account, we can enter the trade.
Trade closed: target reached
Good trade, the amazing risk-reward ratio
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