DislikedAll newbies.. Please memorize this.. This will keep you away from lots of bad trades in the future..
4hr trend is bearish.. This upward movement is just 4hr and daily 5sma retracement. People seem to be still confused how to spot retracemnt and a trend. when the pair is on a trending rally and suddenly come to a unbreakable support or resistance it retraces back to 4hr or daily to collect more fire power and retest that support. Most often .. on the second attempt it breaks the support or resistance. it's simple as that. unlesss you understand this very simple theory.. you never can make consistent money on forex.Ignored