Nearing 500SMA, potential overbought @ 4hr and low risk good reward trade setup.
Looks like a flag retracement to support and a bounce back continuing trend upwards
Shark harmonic pattern forming on 4 hr RSI, Stoch & MACD oversold. Reaching what seems to be major resistance @ 142.500 Entry @ ~142.400 - 142.500 SL @ 142.750 TP 1 @ 141.950
Shark harmonic pattern forming. 142.5 seems to be major resistance. Rsi, Stoch & Macd show oversold. Short entry @ ~142.400 - 142.500 SL @ 142.750
Wait till retest of entry point ~ 1.59350 Forms shark pattern. RSI, Stoch & MACD are oversold. SL @ 1.59650, TP 1 ~1.58872 where pitchforks cross.
Short @ ~1.13750 area where resistance may be broken. SL 30 pips. Continuation of downward trend towards 1.618 extension. Expecting stoch & rsi to be oversold at this point and taking profits around there.
RSI, Stoch, Macd Low on 4hr 1hr. BUy ~1277 - 1280. Aim for 1286 ish tp 1, tp 2 @1290 - 1294 ?
