GBPUSD has reached a weekly down trend and a strong daily resistance could not break 1.32.
after forming double top pattern and divergence on MACD in 4h & 1h frame I believe it is going in correction down wave,
in addition of closing under kijun-sen indicating end of the upward wave.
Entry after close below 1.3030
Targets are as shown
let me know what you have...
EUR USD showing divergence in 1H and 4H frame, and hitting daily resistance.
also crossing kejun-sen line which indicates our entry.
Targets are Fibo levels, and next support
please let me know what do you think.
NZD JPY, showing divergence on 1H and 4 H frame. and reaching Kijun-sen on weekly frame, which acts as a strong resistance.
the 1H candle just closed below the hour kijun-sen, indicating a reversal.
Targets are Fibonacci levels.
what do you think guys?
EURUSD MACD is showing divergenceon 1H & 4H frames, and hitting a strong resistance at 1.1
I belive it will go short
entering price when candle at 1H frame closes below Kijun-sen line.
TP1 is at fibo level 50 and ichimoku cloud at 1.0893
TP2 is at fibo level 61.8 1.0869
TP3 at 1.0790