Price has pulled back into the 50EMA (not shown here) and is supported with hidden bullish divergence. Trade setting up nicely for a Daily FVG reversal set-up.
I like:
- The volume of buyers at the Daily FVG
- Hidden bullish divergence (continuation of trend)
- Fib level 70.50% retracement
I don't like:
- Daily RSI hasn't crossed and is still technically bearish.
Action:
- Monitor Euro session for lower timeframe breaks of structure.
I like:
- The volume of buyers at the Daily FVG
- Hidden bullish divergence (continuation of trend)
- Fib level 70.50% retracement
I don't like:
- Daily RSI hasn't crossed and is still technically bearish.
Action:
- Monitor Euro session for lower timeframe breaks of structure.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.