I am buying from the 3rd touch on the ascending trend line hoping that it continues bullish movement so that the fib extension, drawn on the 4hr, is valid. First profit target is 1.09500!
I am still following the bearish movement from the fib extension drawn on the 4hr chart
I think it will go down to the 30500 letting the emas spread before heading back up, so I’m predicting a bounce off the trend line or the 200 EMA on daily time frame, trend reset on 4hr?
I don’t think the EMA’s are spread enough on the 1hr to go short and they aren’t set up on the 4 hour yet
I’m waiting for price to go back to the 800 and that’s where I’ll get in, it was in a lvl 5 and already started to reverse going short
It's in a lvl 2 on daily and hit the bottom of the consolidation area 08/23/17 and has been on a rise ever since, 4hr ema aren't spread for a reversal long but they weren't spread the last time this pair decided to shoot up but if it breaks trend line and blue support box then I would consider shorting
Over trend is long and is creating or in a lvl 3 on daily. Right now on the hourly looks like a Lvl 3 but the spikes to 200/800 ema shows a trend reset and tells me that there is still rise for this pair.
I have EU reversing, on daily overall trend is long but I have EU reversing fully on hourly. On hourly 50/200 are gonna cross soon if they haven't already. Waiting a bit to get in since it is Sunday and tomorrow is Labor Day so markets should be slow.
Lvl 5 on 1hr & 4hr, daily at a resistance but it did break it so I'm waiting before taking it, waiting for clear break on trend line & support but looks like a textbook setup