H4 Timeframe
Price is currently at 1.78248 (Possible entry price too) which is just below a Major Daily Resistance Level of 1.78605. Additionally, price action is currently in a short-term downtrend which commenced on 02 January 2019.
Note:
1.78605 was previously support.
Price action is currently in a channel.
Target will for this will be approximately...
Price is currently at a MAJOR WEEKLY LEVEL of 1.27101 and this level was previously resistance. Also, price is currently on an uptrend which started from 02 January 2019 and this trend was confirmed with a strong bullish pin that was printed on the H4 level at price 1.25412.
Target for this will be the next H4 level of approximately 1.27983 for approximately 80+ pips.
1. Price is at the 4 Hour Resistance level
2. RSI (setting = 14) shows divergence
3. Stochastic (setting = 14,3,3) is approaching overbought levels. For me that is over 80.
4. The 4 Hour Resistance Level was previously Support
5. The 0.618 FIB is in line with the 4 hour Resistance level and price is currently being rejected from it
Aggressive entry: Please wait...
