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
1 HOUR TIME FRAME - Multiple rejections of trend line - Rejection of the 0.786 fib - Previous hourly candle broke but failed to close below the 50 EMA
WEEKLY TIMEFRAME - Bullish engulfing candle DAILY TIMEFRAME - 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.
WEEKLY TIMEFRAME - Lower highs DAILY - Currently in the 'golden pocket' area of the fibonacci - Failed to break above the 50EMA
WEEKLY AND DAILY TIMEFRAME - Seeing a series of higher lows 4 HOUR - Double bottom - Would look to enter at the 119.25 area
DAILY TIMEFRAME - 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.
DAILY TIMEFRAME - 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.