Price has crossed above the 50 sma
Price can return to the 50 sma and then
Long Trade
Price can bounce bullish and return to the 100 sma
Watch for Macd to cross above the Red signal line
Take Profit will be the 100 sma area
Buy Limit 2 112.31
Buy Take Profit can be 30 pips or 100 sma area or 112.85
Short Trade
Price can break below the 50 sma
Macd is falling
Mac below Red signal line
Watch Macd to cross below red zero line
I have a bearish bias short trade
Once price breaks below fractal low could start a new bearish trend for 100 pips
Price can return to the 50 sma and then
Long Trade
Price can bounce bullish and return to the 100 sma
Watch for Macd to cross above the Red signal line
Take Profit will be the 100 sma area
Buy Limit 2 112.31
Buy Take Profit can be 30 pips or 100 sma area or 112.85
Short Trade
Price can break below the 50 sma
Macd is falling
Mac below Red signal line
Watch Macd to cross below red zero line
I have a bearish bias short trade
Once price breaks below fractal low could start a new bearish trend for 100 pips
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