A quick look at the current price action suggests that we are about to enter a critical phase in trading $H , where the price is moving around a crucial support level and many expect a strong and intense move that could change the market’s direction.
$H - LONG
Entry: 0.1288
SL: 0.1157
TP1: 0.1354
TP2: 0.142
TP3: 0.1486
⚠️ Move SL to the Entry (Breakeven) point as soon as TP1 is hit
The price is moving with strong compression between EMA20 and EMA50 on the 15M timeframe, indicating a strong bounce from the support level and signaling a potential strong price breakout. With the low RSI value, the price appears to be setting up for a strong move.
Checking the higher timeframe 1H shows that the price is trading above the middle of the EMA50, which strengthens the bullish bias. This trade is moving in line with that bias, increasing our chances and supporting discipline in risk management.
$H - LONG
Entry: 0.1288
SL: 0.1157
TP1: 0.1354
TP2: 0.142
TP3: 0.1486
⚠️ Move SL to the Entry (Breakeven) point as soon as TP1 is hit
The price is moving with strong compression between EMA20 and EMA50 on the 15M timeframe, indicating a strong bounce from the support level and signaling a potential strong price breakout. With the low RSI value, the price appears to be setting up for a strong move.
Checking the higher timeframe 1H shows that the price is trading above the middle of the EMA50, which strengthens the bullish bias. This trade is moving in line with that bias, increasing our chances and supporting discipline in risk management.