PRICE HAS NICELY REACHED TRENDLINE DRAWN.
61.8% FIB
1.52 REJECTION
TRENDLINE REJECTION
BECAUSE OF THE RECENT 2 WEEKS PUSH, PRICE IS CURRENTLY ABOVE 50SMA AND 20SMA ON THE D1 AND H4. THUS THESE SMAS CAN ACT AS SUPPORT. TRADE WITH CAUTION.
AND ALSO, RISK REWARD IS NOT OPTIMAL AT THE MOMENT.
THIS IDEA SETUP IS SIMILAR TO MY GBPJPY IDEA.
CONFLUENCE IS THERE, DECIDE FOR YOURSELF, DO YOUR OWN ANALYSIS AND TRADE WITH CAUTION.
PLEASE COMMENT IF YOU AGREE OR DISAGREE, FOLLOW ME TO SEE WHAT I AM THINKING.
EDIT: RSI IS PART OF MY CHART, IT HAS NO CONFLUENCE FOR THIS IDEA. IM SORRY I DID NOT HIDE IT.
61.8% FIB
1.52 REJECTION
TRENDLINE REJECTION
BECAUSE OF THE RECENT 2 WEEKS PUSH, PRICE IS CURRENTLY ABOVE 50SMA AND 20SMA ON THE D1 AND H4. THUS THESE SMAS CAN ACT AS SUPPORT. TRADE WITH CAUTION.
AND ALSO, RISK REWARD IS NOT OPTIMAL AT THE MOMENT.
THIS IDEA SETUP IS SIMILAR TO MY GBPJPY IDEA.
CONFLUENCE IS THERE, DECIDE FOR YOURSELF, DO YOUR OWN ANALYSIS AND TRADE WITH CAUTION.
PLEASE COMMENT IF YOU AGREE OR DISAGREE, FOLLOW ME TO SEE WHAT I AM THINKING.
EDIT: RSI IS PART OF MY CHART, IT HAS NO CONFLUENCE FOR THIS IDEA. IM SORRY I DID NOT HIDE IT.