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Stochastic Oscillator

EURUSD 4HR Support and Resistance / Intra-day tradingThe various trendlines are illuminated on the chart. The red lines and green lines are the resistances and supports, respectively. Since the pair has been on a streak and has been overbought for several days, the Fibonacci retracements , trend lines and indicators like stochastics, RSI, CCI indicate that its high time for correction. The pair most probably would bounce in between the trend lines shown on the chart. Unless the fundamental data of Euro abruptly changes since M Draghi is going to have a speech today. Still most probable move is downwards. Hence, for intra day trading , today is a fine day to short the pair
Short
by Abdullah_x47
A Possible Correction Of The Entire Wave Up?Price has made 3 legs up ( leg 1, leg 2 & leg 3 ). So is it time for a correction of the entire wave up before the bulls come dominating again? What is not clear is if that's the end leg 3. However, if price breaks the mini trendline and holds, that could be the beginning of the correction . On the contrary, if price decides to go up, I will try my best to update the chart once I get a buy setup. Happy Trading. 6.1.8 Family.
Short
by 6.1.8.Family
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