EURUSD - Intraday Long
Daily:
- Pennant Target Hit
- RSI Oversold
- RSI bullish divergence seen from 29th May low and today's low.
- MacD histogram upticking
4 Hour
- Clear RSI Divergence seen from 13th Aug Low (2am) and 15th Aug Low (10am)
- MacD histogram bullish divergence form 13th Aug low and 15th Aug low
- MacD histogram upticking to the positive zone
- MacD crossover in negative zone
Although I believe there is much more downside to come in the weekly, I do believe a small retracement is due and bullish signs are apparent.
TP1 - Confluence of Lower Fibs, 13th Aug highs, below Major Reversal zone
TP2 - Below May & June lows, 0.618 Fib
Risk - 20 pips below today low - 65 Pips
Thanks for reading, any feedback is appricated
- Pennant Target Hit
- RSI Oversold
- RSI bullish divergence seen from 29th May low and today's low.
- MacD histogram upticking
4 Hour
- Clear RSI Divergence seen from 13th Aug Low (2am) and 15th Aug Low (10am)
- MacD histogram bullish divergence form 13th Aug low and 15th Aug low
- MacD histogram upticking to the positive zone
- MacD crossover in negative zone
Although I believe there is much more downside to come in the weekly, I do believe a small retracement is due and bullish signs are apparent.
TP1 - Confluence of Lower Fibs, 13th Aug highs, below Major Reversal zone
TP2 - Below May & June lows, 0.618 Fib
Risk - 20 pips below today low - 65 Pips
Thanks for reading, any feedback is appricated
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.
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.