Stackin_Guap
Divergence on 1hr, oversold on 4Hr. bullish engulfing, waiting on break of resistance to go long to correct some of the move down.
Price overbought on 4hr tf, rsi divergence, 1hr support broken. Small correction to 1.22100 expected.
Price has retraced to .764 on the fib which coincides with a significant 4HR support zone(trendline), formed a bottom, maybe its now ready for some bullish moves. The higher timeframe is still bullish.
Price has retraced to golden zone on the fib which coincides with a significant 4HR support zone, formed a double bottom and then price broke a descending trend line on the lower tf signifying a change in momentum to the upside.
Price is at a strong 4H zone, looking for a strong bullish candle to go LONG with targets of 1.22175 as the first tp and then 1.23 flat.
Looking for a break of the descending trendline and 4hr resistance to push to the upside. Ideally would like a 4hr close above 108.250 to go long and scale in as the new candle retraces and rejects.