The Daily chart looks like a reversal is setting up here. We have the momentum divergence and the wave exhaustion away from the Bollinger Bands. However, we don't have a nice price rejection yet and price came short of the price level at 0.804 - so it's a reversal in the middle of nowhere.
The 4H is not showing a reversal pattern either, but it could set up a Head and Shoulders pattern when we start making lower highs. It's a tempting setup and we'll check back on it after Monday's trading.
The 4H is not showing a reversal pattern either, but it could set up a Head and Shoulders pattern when we start making lower highs. It's a tempting setup and we'll check back on it after Monday's trading.
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog