4H divergence, priced falling below the EMA, plus entry signal.
There are two ways to enter: one way you wait for the signal on the chart where you observe the divergence - in this case, the 4H chart.
Another way is to go down to the 1H chart and wait for the entry signal - it can definitely give you a better entry point and better RR, but with divergences, it's not rare to see 2-3 trades in a row failing from the lower timeframes.
Another way is to go down to the 1H chart and wait for the entry signal - it can definitely give you a better entry point and better RR, but with divergences, it's not rare to see 2-3 trades in a row failing from the lower timeframes.
Commentaire:
I've personally moved stop to BE once the price moved 1/2 of my risk. Below 89EMA, but look at the big picture trend - looks UP to me still so prefer to protect the position.