Price hugging 50 period ema, expect a breakout

٢٧ مايو ٢٠١٩

On the 4 hour chart, the price is tightly consolidating closely to 50 ema. We can expect a breakout to the upside here. But if it breaks down, it may find support around 100 ema. Long period of consolidation after bull trap is a sign for another great rally.

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