Strong rejection or bust thru'?
CHART IS 4h. Usually the 200 does cause a pause. But the LONG is generated. So if you want to be cautious use a judicious stop right under the top red bar, actually right under the tail of the green candle that precedes it. That way you will defo have a profit even if rejection at 200. Then on the correction you can re-position much smarter. Just my 2 cents, amigo
Boom 200 EMA busted through by circa. 30pips. Now cooling off some and found resistance off the 200.
EURUSD - uptrend breaking through 200 is (A), retracement move back to below 200 (B) at area of prior support (next stop back to equilibrium middle of bolly bad) Move (C) continuing to the upside to 1.2800.
Paper trading - entry at 1.2435 (previous support zone) exit 1.2800 area.
Yes this is a long in a down trend.
Do not trade this trade.