Rick_69ro

Rick_69ro

Reasons: tomorrow we have ECB rate decision, lots of volatility on EUR pairs, including this one. RSI divergence is obvious but not completed so watch for price spiking to retest the median line or most probably above - over 1.60 - and at the same time RSI to not go above 70. That would be a clear divergence! Then go to lower TF to spot a good reversal pattern....

Rick_69ro

RSI divergence + shooting star (rejection pin bar) + touch of upper line of Andrew's pitchfork.

Rick_69ro

Reason: nice rejection pin bars / shooting stars + touch of upprt line of Andrew's pitchfork + RSI divergence

Rick_69ro Updated 

Reason: RSI divergence quite strong. Return to the median line app 88.500 should be the target. Go to lower time frame of 15M and see H&S pattern for reversal but watch for retest of neckline before entering short position. Enjoy.

Rick_69ro Updated 

Reason: RSI divergence is shaping, it is not ready yet, but watch stochastic for a clear sign to go short. Target should be down to the red line app 88.800 - 88.300 which is a point of touching the 4h trendline. Then bank your profits.

Rick_69ro Updated 

Stochastic still needs a little bit more upside evolution to give us signal for entry LONG position. Don't hurry. Go to lower timeframe to find proper signal like a pattern or something. The price is also sitting on the daily upside trendline and based on Andrew's pitchfork, the price should go to the median line in the end. It's a matter of time. Watch it guys....

Rick_69ro Updated 

Reasons: Hidden bullish divergence given by the two blue lines. The price stopped on the median line of Andrew's pitchfork. Combined with HBD it should go back to 109.200 as target.

Rick_69ro Updated 

Reasons: possible H&S pattern developed above the blue neckline. A very nice rejection pin bar. Sitting exactly on the median line of Andrew's pitchfork. So could the next move to be down ? We'll see next week.

Rick_69ro Updated 

Reasons:Bearish HIDDEN divergence between Point A and Point B and blue line. Immediate classic divergence with red lines. Andrew's pitchfork pointing a reversal to the median line to 128.500 area. If this is the top, then we are set. If 131.500 is not the top, the chart must be revised correspondingly. That's why wait for a lower high to take shape before going short.

Rick_69ro Updated 

Clear, right ? :) Maybe tomorrow based on volatility we will touch 1.64400 - 1.64700 before going down.

Rick_69ro Updated 

Or even to go as low as 1.24400 before going long. We need to complete the RSI divergence in relation to that point far to the right.

Rick_69ro Updated 

Reason - on daily chart it has touched twice the median line of Andrew's pitchfork and it also created a beautiful RSI divergence.

Rick_69ro

Simple chart.

Rick_69ro

A second bottom formation Head and Shoulder is shaping - the right shoulder to rise up to the neckline of 1.54. Could the pair get above the neckline with stronger momentum this time ? RSI divergence is quite extended, price consolidation as well, the move up should be violent.

Rick_69ro

Reasons: RSI divergence, Andrew's pitchfork - the price went / zoomed through the median line and is going to touch the lower parallel line at 1.29

Rick_69ro

Reasons: RSI divergence, bottom Head and Shoulder pattern with neckline corresponding to previous support, the price has touched and retraced the Andrew's pitchfork median line and now it will rise again because the rule says that if it didn't go lower to the lower parralel line then it will go up exceeding the median line and touching the upper parralel line....

Rick_69ro

It can go lower and after that it can retest the neckline and it can touch 73.800 but then on daily and 4h chart it seems that the uptrend is not over.

Rick_69ro

Two rejection pin bars + lower high + RSI divergence