NOTE: Small lot and limited risk with tight stop loss The 2nd leg completed at the 1618 of the 1st leg retrace. Barb wire dojis show a lot of indecision on the 4Hr. Strong Bearish divergence on the RSI. Sold at 103.80 where the 20ema has confluence on the 1Hr chart. Target at 103.19 at bottom of the channel & 38.2% retrace of the 2nd leg.
Double top formed and the pair retreated. Bearish Divergence on RSI (further to fall possible) 1H chart currently showing confluence with 20ema Sell entry 1 = 1.0860/70 strength Sell entry 2 = Break of low 1.0826 Target 1 = 1.080 Target 2 = 1.0763 Looking to buy around same area for move back up to 1.10786
Major Triple Tap Confirmed Followed by Picket Fence (multiple equal bars) The move ended with large bullish engulfing. RSI Bullish Divergence A break above Trendline A = Look to buy TP .8436 A break above Trendline B = TP2 .8564 Beware of a minor Triple Tap rejection on Trendline A If rejected, sell on signal bar and ride to new lows.