Going above the Simple moving average 200 EMA lines crossed and there was a recent bullish engulfing candle. By the end of the hour I'll be in the trade with a stop lost set at the top of my support/resistance box.
If this the next few candlesticks pass this trend line and show a fib pattern on the consideration box then I can see this being a long trend. If not then it may continue to be a downtrend, but it seems to be using the reversal zone as a support and the news didn't seem to affect it that much.
Honestly this was kinda of risky although it looks like the second pull back of an uptrend the current candle isn't special enough to make this a great trade. The high is lower than the last and the candle isn't a big shadow and it seems to be hitting a resistance line. If it goes passed this line then it's a definite uptrend. It's also not enough to suggest a...
