CORRECTION TOWARDS 1.34
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:
Suport/Resistance: Price sitting at support
Stoch: Oversold
Daily
- Pivot points: Price below Weekly Monthly Central, Accepted WS2 and MS1
Support/Resistance:At resistance
EMA: Below 55 and 21 ( 21 above 55)
Trend: Bullish with current correction
Structure: LH,LL,LH,LL currently LH
Bias: Bullish with correction
Psychological levels: 1.38 just above current price
Stochastic:Downwards approaching 30 levels
Fib: Within a buy zone from previous move however currently in correction
4H Chart
- Daily Pivot: DR2 rested and accepted
Support/Resistance:Currently sitting at support
EMA: 55 was tested and accepted
Trend: Downwards - correction
Structure: LH after double bottom
Stoch: Overbought
1H Chart:
Suport/Resistance: Price sitting at support
Stoch: Oversold
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