From the two exponential moving averages set, we can see that the have crossed and the trend is currently going downwards, however, the price is now at a support level.
We can actually wait for retracement towards the top of the channel before entering a short position to have a short term trade.
We can actually wait for retracement towards the top of the channel before entering a short position to have a short term trade.
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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.