SMALLER CORRECTION AHEAD OF BULL LONGER TERM RIDE
This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements
Daily
4H Chart
1H Chart:
Daily
- Pivot points: Price rejected WS2 and closed above MPP
Support/Resistance: Price at the resistance
EMA: Price approaching 21 after 55 was respected previously
Trend: Consolidation after down trend
Structure: LL,LH,HL, waiting for HH to be next
Bias: Bullish
Psychological levels: Ultimate level 0f 1.45 is ahead at resistance
Stochastic: Downtrend approaching 20 oversold levels
Fib: Price above 618 retracement
4H Chart
- Daily Pivot: Price finished above DPP and at DR1
Support/Resistance: Broken through closest resistance
EMA: Price went through 21 and 55 and closed above 55
Trend: Consolidation
Structure: LL,LH, Double bottom,HH
Stoch: Rising not overbought, at 50
1H Chart:
- Suport/Resistance: At resistance
Stoch: Overbought,seems to be ready for correction
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