Looking at the Red Resistance, we've got multiple highs unable to break resistance, as indicated by the yellow count. Looking at the stochastics below, you can see the trend losing momentum with each attempt up. Look to go short and ride the drop!
Looking at the daily chart on the left, we've got Bearish Divergence highlighted by the yellow trend lines. Look for a short entry around 109.15 down to ~108.08 Looking at the Weekly chart on the right, you can see a potential bullish entry coming for the longer term, so at ~108, may be an ideal place to close the short, and open a Long Position (on the blue...
If we stay below the blue line (resistance) and start to close lower, this could be a great short with a few hundred pips to profit off.
Looking at the two charts, left side daily, right side weekly. We can see on the Weekly Chart lower highs, but higher highs on the Stochastic (shown at the bottom) indicating Bearish Hidden Divergence. Looking further at the daily chart, we can see rejection at the 240 MA (yellow line), then rejection at the 100 (blue) and 50 day (green). Look for a Short entry...
We've got Hidden Divergence on the 4h, with a bounce off the 50 MA. Waiting for the 1 PM candle before taking action. Looking to buy.
We've got Hidden Bullish Divergence on Stoch and MACD (not shown) 4h shows potential buy in with a side by side of the Daily Chart.
1. Looking at the Chart, Hidden Divergence present on the 4 hour chart. 2. Moving Averages are flat, with the 240 Day acting as Resistance 3. Bearish Engulfing candle on the 4h. Confirmed on the MACD Platinum in Metatrader as well.
If neckline breaks look for neckline to become resistance with retest. If so good short entry.
4 Hour Shooting star, think we'll get some pullback pretty good opportunity to short.
Looks like we have a completed 5 wave sequence with a 3-3-5 Flat Correction, could see a new wave one or a continued correction, but in the short term, I think we have a bullish entry for part of next week (ignore the 1.618 take profit)