Price follows the 50 SMA very well. The last time price closes below 50 SMA on the H4 TF was on 29 Nov 2017. 50 SMA is currently flat and acts a dynamic resistance. If price is unable to close above 50 SMA, we expect a short term downward move.
Note
Short trade was profitable.Note
Trade is in running profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.