2 weeks ago this pair broke the weekly resistance level (now support) my overall bias for this long term (for now atleast) is long, however, with the price action weakening more and more, and the pair approaching a daily level, i will be looking for confirmations of a short. MACD shows us weakening of the rally through each push higher across both the HISTO & the...
EUR USD showing divergence in 1H and 4H frame, and hitting daily resistance.
also crossing kejun-sen line which indicates our entry.
Targets are Fibo levels, and next support
please let me know what do you think.
NZD JPY, showing divergence on 1H and 4 H frame. and reaching Kijun-sen on weekly frame, which acts as a strong resistance.
the 1H candle just closed below the hour kijun-sen, indicating a reversal.
Targets are Fibonacci levels.
what do you think guys?
A slight pull back to 108.6 area will give a potential:
rejection of previous lower time frame descending trend
rejection of higher timeframe support/resistance.
Good R/R comes from targeting previous strong higher timeframe support/resistance
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