DAILY: Uptrend, retraced to 38.2 on daily fib hit -27 and tested previous resistance. There's bearish divergence on the RSI.
4HR: Uptrend, hit the -61.8 on the 4HR fib, fell back to 4hr trendline. + Bearish divergence
1HR: Uptrend, hit the -61.8, reversed, sold to -27 @ 1hr trendline.
CURRENTLY
Looking for price to pull back to downward trendline at previous resistance, then fall to -61.8 on 1HR fib
(30 to 70 pips)
4HR: Uptrend, hit the -61.8 on the 4HR fib, fell back to 4hr trendline. + Bearish divergence
1HR: Uptrend, hit the -61.8, reversed, sold to -27 @ 1hr trendline.
CURRENTLY
Looking for price to pull back to downward trendline at previous resistance, then fall to -61.8 on 1HR fib
(30 to 70 pips)
Order cancelled
Did not enter this trade since price did not retest trendline, it broke through for the buy
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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.