Watching price at Daily zone of Resistance right now.
Two scenarios I see happening here (or a 3rd one and price goes all the way up!).
1. A clear sell signal could occur here which could trigger my short position (Shooting star for example).
2. Price pulls back to the H4 Fibonacci 50.00%/61.80% which is in alignment with my Daily Fibonacci 50.00%.
- When this...
- Monthly M.A. up
- Weekly M.A. up
- Daily M.A. down
H4 : Looking for a break and retest of the C.T.L. Expecting price to fall down to Monthly level of support at 1.1450.
Invalid if price breaks above 1.1693.
- Monthly M.A. up
- Weekly M.A. currently indecisive. Moving closer together down.
- Daily M.A. down
We have seen price reject the Monthly resistance 0.9000 which is in alignment with our 50% FIB level.
Price has been making lower highs with a recent lower low at 0.8735 which has taken out our last lower low at 0.8745.
Expecting price to drop to 0.8700.
H4 :...
