Warning of a trendline break
Rejected nicely from FIB 78.60
As you can see in the yellow circle, sma and ema have both crossed before trendline warning potential break, If a candle closes over trendline we will be bullish to next level which should be arround 115.500.
In situations like these, looking at the H4 timeframe with lines crossing usually indicates a break.
Lets go long
As you can see in the yellow circle, sma and ema have both crossed before trendline warning potential break, If a candle closes over trendline we will be bullish to next level which should be arround 115.500.
In situations like these, looking at the H4 timeframe with lines crossing usually indicates a break.
Lets go long
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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.