Price rejected the 800 ema today and had some problems to stay bellow the 50 ema
TDI giving us the ok to go long
No divergence (remember divergence = change, no always a reversal of the trend) is this case there's none
So if we keep seeing the price on top of the 800 and 50 EMAs, we can for sure expect some bullish move at least @ 7450.00 witch is yesterdays...
If we get to clear that "C" area marked up on the chart, we can expect the price to go short a few pips till ADR is maxed out
But, if that does not happen, we have to prepare to look for some bullish move because that what the TDI is still telling us from yesterday session
Remember that the 200 EMA is a big reaction point for the price
A good exit point will be...
Price bounced back from that 200 ema and found some bottom @1.982XX creating some bullish divergence as we can see on the TDI.
If the price gets to break the 200 ema instead of bounce again, we can expect te price to keep moving up
800ema is a good point to go BE
ADR maxed out and the TL are good exit points
Remember this advice will be useful for you if you are a...
Divergence on the bottom on the TDI on different TF
So altogether we have: Divergence
Price coming out of sensitivity zone
50 ema is broke (in the 15 min TF)
This is a counter-trend move, so remember to be patience
TDI telling us to go short, but because it is counter trend will just wait for the correct pattern coming out of the EMAS to get in.
We should expect a small bearish move of about 22 pips, take it as a little pullback of the high bullish move that started on December 12