Yesterday's close is above 5MA what gives a bit more power to signals
We have a chart pattern (1D Chart)
Divergence on a with a current oscillator confirms the reversal pattern, what gives support to momentum traders, and can possibly give a momentum to the price movement.
Price is currently at 127.2% area
in a relation to Previous swing UP
Will look for a mid-term entry setup (based on 1D chart, using lower leverage and wider stops, this type of trade will be left open for a few days) at around 132.25
On a 4H chart we have a chart pattern
Price is currently at 100% area (Filtered to 4H timeframe)
in a relation to previous swing Down
Will look for a short term entry setup (based on 4H chart, this type of trade will be left open for a few hours) at around 133.05
"This Overnight observation is to give an overall trading idea on the coming day, but the session opening must be clearly watched, as, it is normal - when market moves in the opposite direction against the main direction for a short while. P.S.: Sometimes you can see opposite opinions in my analysis. Please don’t rush to complain. It is happening due to a different timeframe analysis. Entry level on a higher grade chart can be a target on a lower grade chart"