This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements
Daily
Daily
- Pivot points: Price is below Monthly and Weekly central
Support/Resistance:price sitting at support,resistance is above at around 114.350
EMA: Price below 21, 55 EMA 200 bearish
Trend: Down
Structure: LL,LH,LL,LH waiting for HL and HH
Bias: Bullish
Psychological levels: 112 just below current price
Stochastic:Rising around 50
Fib: Price at 618 fib retracement
- Daily Pivot: Price at DS2
Support/Resistance: Nearest resistance is 114.5, Prise is sitting at support
EMA:Price Retested 55 EMA after riding 21. This suggest corrections more towards 200 EMA and that would be 21 EMA on Daily
Trend: Down
Structure: LL,LH,LL,LH, this might be HL so HH is expected
Stoch: Oversold below 20
- Suport/Resistance: Price at support and near resistance on 1h is 112.8 - 113
Stoch: Rising from below 20 oversold levels