Egold seems to form an engulfing bullish pattern on an interresting level.
MACD seems to be slowing down too.
We can also see that Egold is trying to break the trend line.
Let's wait the weekly closure to see if this is a bearish trap or not.
In case of break out, here is what I would play :
TP1 : 0.0031
TP2 : 0.0036
Adapted to the entry point.
MACD seems to be slowing down too.
We can also see that Egold is trying to break the trend line.
Let's wait the weekly closure to see if this is a bearish trap or not.
In case of break out, here is what I would play :
TP1 : 0.0031
TP2 : 0.0036
Adapted to the entry point.
Price action should not break back the trendline (in SL to place accordingly).