Divergence on 4 hr RSI, clean daily candle closed on daily trend, candle retested and closed on major support level waiting for next candle to form (will enter if pushes above the key level) Double bottom forming on 1 hour chart also showing signs of possible retracement.
RSI Oversold, W forming on 4 hour chart off trend line. TP projection set to 0.5 Fib level seen as previous S&R in daily frame.currently consolidating waiting for a break to the upside. holding through with tight stop loss of 35 pips with target projection 85 pips.
100 Pips target hit from last weeks idea posted. The pair has fallen back to the trend line and rejected nicely. Divergence is also in play highlighted within the RSI. Looking to complete the W formation and enter a Long with profit targets varying from the 50-150 Pip region.