UJ has been pretty bearish and has been stuck in correction since the big decline from the last week in August. I'm anticipating the hurt to continue a little more but first... a spike up Daily/weekly order flow is up. We are near a key level @ 121.80 (dashed blue line) Big orange rectangle is the bearish fib drawn from the overall move, which is the sweet spot to...
Weekly Order flow is Up Ascending Daily Channel 4hr Order Block as defense Price is consolidating in a range, rolling into a potential descending channel Looking to long EUR soon as it reaches my confluence zone. If we smash through daily channel, price could go down for some time.
Above 200ma Should be looking to long However, price is oversold on stoch and Tdi at top of band Also two lines of trendline resistance Pound looking bearish across the board
Ascending Triangle Above 200ma, should be looking to long if price breaks to the upside Stoch overbought Tdi crossing, nearing the top of the rend band All is missing is confirmation candle.
Above 200 ma, looking to long, Price in sideways channel, looking to enter on the bounce on resistance, stoch reading oversold, Tdi over extending bands, price should go up! Waiting for candles to tell a story!
Leading entry signal for my euro trades. Price above 200ma, Looking to trade the bounce on the descending channel. keeping a close watch for doji and inside bars to form and strengthen the entry signal
Price above 200ma channel looking to long, Price is also in a descending channel as with the lot of euro pairs.