Upper arrow = eurusd Middle arrow = gbpusd Lower arrow = dollar index Clear that gbpusd's down move today is exaggerated. I expect a pull up.
Possible path. If go through the blue line. SHS may be a fact.
Outside descending line. Upside support. Though the indicatores are negative on short term, I'm bullish on the mid term.
This pair seems to rebound on Fibo. At 4h, the indicators starts to turn bullish if only mildly. If premature rebound fails, then down to the lower boundary of the channel. If if breaks the channel, lower Fibo will be the target. So, initially aim for a rebound if you are a risk seeker. Set your stoploss in case of fake rebound as things can get messy. If you...
Short term bounce. Positive divergence
Long term Fibo hit. RSI left OS. Trix signaling turn (Thanks nmike ;) ) Stoploss in place!
bounce from upper channel. Indicators are negative.
Hammer indicates a trend change. Indicators starts to turn as well.
Bounced right off Fibo. Though the indicators still show up strength on daily. If you zoom in on 3 and 4h, you'll see an exhaustion.