Oversold at the 4hr and pin bar rejection News release add to the volatility Set for long expiries. Trendline intersect with big support level at 1.32636 Normal divergence seen
As with slow moving CHF Pairs, and stochasics oversold
May be a risky trade as a schedule news release is near
Price out of equilbrium,flat Kijun and Tenkan Short opportunity
OB at BB Supply pressure strong at support level-Kijun Short trade of 1 candle
Chiko below price Kijun pointing down BB sloping down
Trigger trade before announcement Overall bearish sentiment,down trend channel ,Macd line below histogram As of this writing,breached previous low of late 2016. Target Fib 1.618 for a reversal.
Pin Bar Rejection of higher prices Exhaustion of candles Fib 0.5 Flat Kijun sen
Comments,errors and suggestions most welcome