$WLD long: buyers' line is 0.5008–0.5024 on the 4H.
Price sits at 0.502, a bounce attempt under the EMA50. I'm watching for buyers to defend the zone; 0.492 breaks and I step aside.
What backs it:
- 4H price 0.502 below EMA50 0.528, so this is a bounce attempt under the trend and the stop matters
- Risk 2.0% to SL vs 3.2% to TP3, about 1.6R if the full move plays out
- Daily above EMA200 0.408, the bigger trend is on this side
🟢 LONG · Entry 0.5008–0.5024 · TP 0.5076 / 0.5116 / 0.5176 · SL 0.4916
Defended at 0.501, or does 0.492 give way?
NFA · DYOR
Price sits at 0.502, a bounce attempt under the EMA50. I'm watching for buyers to defend the zone; 0.492 breaks and I step aside.
What backs it:
- 4H price 0.502 below EMA50 0.528, so this is a bounce attempt under the trend and the stop matters
- Risk 2.0% to SL vs 3.2% to TP3, about 1.6R if the full move plays out
- Daily above EMA200 0.408, the bigger trend is on this side
🟢 LONG · Entry 0.5008–0.5024 · TP 0.5076 / 0.5116 / 0.5176 · SL 0.4916
Defended at 0.501, or does 0.492 give way?
NFA · DYOR