Hidden Bearish Divergence = Reversal
Channel break and retest, second high for retest confirming divergence on 4HR.
Short With Target at 139.890
Stop loss at 148.090
4HR Time Frame
Price trading in uptrend from 15 August '18
Uptrend exhaustion. To retrace back to .618 level of uptrend and to watch from there.
Hidden Bearish Divergence (Reversal)
Price=
22 August '18 High
24 August '18 Higher High (Lower High on RSI)
Price currently at .618 Fib level of down trend
Start 14 June 18
End 15 August 18
Fib level
.618 level =...
Daily Time Frame
Price trading side ways in rectangle from September '17
Side ways boxed trading started with a down trend move into the formation.
Hidden Bearish Divergence (Reversal)
Price=
10 August '18 High
24 August '18 Higher High (Lower High on RSI)
24 August '18 Close = 0.90450
Fib Levels.
Downtrend into rectangle trading.
High 29 August '17...
A Bullish pennant pattern spotted on OANDA:EURNZD , along with a Hidden Bullish Divergence found at the .618 Fib level of the June 28 bull run which started the pennant following an even stronger bull run started June 14. Stoch also on under sold territory.
Measuring the distance from the previous high of the move that started the bull run on June 14 up to the...
Price has bounced off our area of interest on this set up and has started to look bullish. Price has not completely tested the channel so we playing this one very cautiously over the next few days.
Will update with full analysis of the overall trend. Keep an eye on this one!
Long Term Bullish Trade Idea.
Looking at the Fibbonnaci retracement move of the June 26 Brexit vote, we have seen prices bounce off the 23% Fib level and rebound back down with the recent Dollar strength which has seen price dip into the oversold territory this can also been seen in EUR/USD .
An up trend channel can be spotted coming off the lows of the 2016...
