EURUSD climbing towards resistance and the 886 retracement. RSI is entering oversold and has slight divergence. Entering position on bearish candle pattern on a lower time frame within the PRZ. Hoping this travels back towards the 200 EMA. DXY is also heading into major support area.
Loonie is currently correcting. Bearish divergence on RSI. I'm expecting this to continue upward and complete the 5th wave of the flat correction. Waiting for confirmation of the reversal somewhere below the lower trend line (perhaps a pullback of some sort). The E wave may not be the last leg of this correction, so expect more sideways movement.
Nearing the end of the second complete Elliott Wave on this pair (at least IMHO). Previous waves showed tell-tale divergence at the 5th wave. There is a possibility of this actually becoming a 3rd wave. But if the past is indicative, it's more likely the C leg of a corrective structure, we'll have to wait and see. I'm looking to enter this trade on a bearish...
Pair seems to be in the C-Leg of the correction. Could also be a 3-leg of the impulse. Kumo cloud is used as S/R. I entered this trade a little early in lieu of NFP. Normally I enter at the break of the KS (Blue Line).