Watch the RSI with #9 setting to rise above 70 line to show that there is bullish momentum to carry price up to the 100 sma. MACD is over=extended long so price may only make it halfway through this space and fall back to the 50 sma. Then price will continue through the space up to the 100 sma. I entered the trade on the candle that closed above the 50 sma. My TP will be the 100 sma.
Note
Pair did break above the 50 sma. Price ran sideways following the 800 sma and then pushed bullish up to the 100 sma.
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.
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.