Analytics:
D
- RSI divergence (down)
- Broke RSI uptrend line
- Volume decreasing on buying
- MACD crossover into downtrend
- Wed, Fed Interest Rate hike decision (a hike should increase USD value)
H
- Broke support line and retested (but weak RSI retest and broke back across support line)
- RSI divergence to retest line with 50 RSI
- Volume decreasing on buying
- Broke downtrend line, expecting retest lower
Concerns:
H
- RSI divergence (up)
- MACD strong uptrend but showing signs of reversal (Histogram decreasing)
- Possible wait for price to meet EMA 50 (grey line)
Target:
1) 1.1140 (daily uptrend line)
2) 1.1109 (next support line)
3) 1.1000 (next support line)
D
- RSI divergence (down)
- Broke RSI uptrend line
- Volume decreasing on buying
- MACD crossover into downtrend
- Wed, Fed Interest Rate hike decision (a hike should increase USD value)
H
- Broke support line and retested (but weak RSI retest and broke back across support line)
- RSI divergence to retest line with 50 RSI
- Volume decreasing on buying
- Broke downtrend line, expecting retest lower
Concerns:
H
- RSI divergence (up)
- MACD strong uptrend but showing signs of reversal (Histogram decreasing)
- Possible wait for price to meet EMA 50 (grey line)
Target:
1) 1.1140 (daily uptrend line)
2) 1.1109 (next support line)
3) 1.1000 (next support line)
Note
Stop-loss:1) above support line (1.1205)
2) above EMA 50
3) above last lower-high (1.1214)
Note
Concerns (2):- [H] Price in possible pennant shape
Order cancelled
Price is in a pennant and sellers havent taken over price from support line. Wait to see reaction at support line for decision. Suspect it will be a buy.
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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.
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.