ndrito

ndrito

Short term - Bearish bias on this currency pairing, and looking for counter trend selling opportunities in and around the 1.5500 to 1.5540 range, before bullish movement resumes. A close of a 4 hour candlestick above 1.5600 would invalidate this trade. Technical - Textbook confluence of noteworthy structural and technical indicators, and we should see...

ndrito

Anticipating price action rejecting previous resistance at 67.00 given the bearish diversion visible on the RSI and MACD readings, as price squeezes into a rising wedge. If analysis is correct, we should see a break of trend line support, given the lower highs in RSI, and move down to 64.70 the next level of meaningful support. If target 1 (64.70) is met, the...