Sharp moves away from the 50EMA on the 1hr chart have to be treated with caution.
In order to see a healthy price move to the upside we always need to see a retrace to the 50EMA.
Don't rush into a long position, prepare a short order, a scalp back to the 50EMA and take your profits.
Same principle applies into the opposite direction.
In order to see a healthy price move to the upside we always need to see a retrace to the 50EMA.
Don't rush into a long position, prepare a short order, a scalp back to the 50EMA and take your profits.
Same principle applies into the opposite direction.
Trade closed: target reached:
We successfully reached the target Zone, Cheers :)
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