While looking through major pairs this morning this one stood out more than any other. A nice retest of support turned resistance (1.2491). EMAs have crossed over, RSI in below 50, MACD fast in under lagging and Stochastic just about to cross also. There is a slight divergence on the RSI to the 1hr chart. This could be a sign of a trend reversal.
Great chance to get into EURGBP here.
10&20EMA cross over.
Price rejected the support/ trendline .
MACD cross over confirming bullish momentum.
Bullish engulfing candle off the resistance.
Stochastic and RSI above 50 with stochastic cross over.
10 and 20EMA cross confirming change of trend.
Doji followed by a bearish engulfing candle off the S&R.
MACD fast line below the slow line confirming bearish momentum.
I got in to this one before stochastic was oversold.
Going to follow price down with a SL just aove each recent swing high / low.
Got any ideas?
Let me know.
