Wait for one of the boxes to get hit to get in a trade.
To be sure, wait for a close in or past one of these boxes.
To be sure, wait for a close in or past one of these boxes.
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1Hour 200EMA must not be rejected too fast (if it gets rejected).
It's normal to get rejected at the first try to pass at a resistance. But eventually I expect it to pass if we can consolidate sideways here to build some structure for future support.
It's normal to get rejected at the first try to pass at a resistance. But eventually I expect it to pass if we can consolidate sideways here to build some structure for future support.
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The current 2hour view
If we can manage to consolidate sideways here once again we could see some more upside still. Otherwise we created a nice support at the blue box or at least the 10SMA
If we can manage to consolidate sideways here once again we could see some more upside still. Otherwise we created a nice support at the blue box or at least the 10SMA
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Correction: if we use the closes on the 2hour we get this as the current channel.
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The bigger trend here