Chart Work
Monthly is a down trend at the .382 on the fib which is not a strong reversal zone. It is at the monthly trend line
Weekly looks like it is buying. however it has broken the trend line. Closed last week with an engulfing red candle; looks like a wick on a bullish candle candle for this current weeks candle could be reversing
Daily looks like it is buying broke previous wick high may continue to buy up
4Hour looks like it is buying up it pulled back to .618
1Hour: No candle structure to confirm the buy continuation at this time for me for me to take a trade marked TPs for a buy. But i also see an even star which is a reversal pattern
Checked for divergents on all time frames. Appears to have a mild one on the hour. For me no trade on this pair. nothing to confirm one direction or the other. But a good one to watch. Appears to be setting up
Weekly looks like it is buying. however it has broken the trend line. Closed last week with an engulfing red candle; looks like a wick on a bullish candle candle for this current weeks candle could be reversing
Daily looks like it is buying broke previous wick high may continue to buy up
4Hour looks like it is buying up it pulled back to .618
1Hour: No candle structure to confirm the buy continuation at this time for me for me to take a trade marked TPs for a buy. But i also see an even star which is a reversal pattern
Checked for divergents on all time frames. Appears to have a mild one on the hour. For me no trade on this pair. nothing to confirm one direction or the other. But a good one to watch. Appears to be setting up
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