1 HOUR TIME FRAME
- Rejection off the 50 EMA
- Rejection off the 0.236 Fibonacci
- Several rejections of the ascending trendline
4 HOUR TIME FRAME
- Previous 4 hour candle had large wick rejection off the trendline
Possible retest of the trendline
- Bullish engulfing candle
- Double bottom
- Currently sitting in the 'golden pocket' of the fibonacci
- Daily candle closed at the 0.71 fibonacci
4 HOUR TIMEFRAME
- Breakout of the descending trendline
- Again, currently sitting in the 'golden pocket' of the fibonnaci
Small retest likely. Looks like a lovely long trade.
- We have seen some rejection off the trend line on the most recent daily candle, I would be looking for a pullback up to the 'Golden Pocket' area of the fib, and rejection of the 50 EMA. If we get this, I will be looking to be shorting this pair, potentially long term.
- We are seeing a series of higher lows
- Some nice long wick rejections off the upwards trend line
- Currently sitting in the 'Golden Pocket' area of the Fibonacci
- Would be looking for a pullback to the trend line and 0.786 Fib.