Waiting confirmation from RSI for a big short on this pair. I will short as soon as the support line is broken (as shown in my chart).
Target at 23.60% retracement.
Stop Loss around 86.72
Happy trading guys
Three timeframes, three bullish divergences
H4 suggesting that we are near the end of a bearish cycle, I will be buying the pair upon M15 confirmation (as soon as Stochastic RSI forms a higher low and Schaff Trend cycle shows a flat line)
Weekly shows that last week bears took again the control on the pair.
It should go and test next week the bottom of the KUMO corresponding to the 61.8% fib retracement, at around 0.87417.
I am selling this pair from tomorrow for a week time.
Prices did not hold double resistance (Tenkan Sen + Kijun Sen) today.
They should now test the top of KUMO, which is very thin suggesting that a change of trend could be easily done.
1st target = Weekly TS (orange)
2nd target = Top of KUMO (red)
3rd target = Weekly KS (purple)