26-5-2020 - 15M MSB - GU Long
15M MSB - Wide Inclining EMA 14 - Institutional Level 1.232 - 30M EMA C FB
An upside break of structure (45 pips) with price forming a new HH formation followed by a Wide Inclining EMA 14 indicating strong Bullish Momentum. Price has rejected the Fib 62 level which has confluence with the Institutional Level 1.232. At the moment, price has formed a strong Bullish Candlestick pushing to the upside.
As I have missed the entry on the 62 level, I'll wait for price to retraced towards the EMA 14 for an entry.
Bias = Bullish
Structure = Uptrend
Setup = 15M MSB
Confluence = Institutional Level 1.232 - Wide Inclining EMA 14 - 15M Fib 62 level
An upside break of structure (45 pips) with price forming a new HH formation followed by a Wide Inclining EMA 14 indicating strong Bullish Momentum. Price has rejected the Fib 62 level which has confluence with the Institutional Level 1.232. At the moment, price has formed a strong Bullish Candlestick pushing to the upside.
As I have missed the entry on the 62 level, I'll wait for price to retraced towards the EMA 14 for an entry.
Bias = Bullish
Structure = Uptrend
Setup = 15M MSB
Confluence = Institutional Level 1.232 - Wide Inclining EMA 14 - 15M Fib 62 level
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