I plan to rock with this pair for the long haul. Below is my analysis
BUY Analysis Based off 4H
Look for price to bounce off resistance newly created at 1.09335 by the top BB on the daily.If price bounces nicely look to BUY to the resistance at 1.10545
Confirmations:
*Green Arrow on 4H and Daily
*Price is above the cloud
*Price is above the 50MA
SELL Analysis Based off 4H
If price breaks 1.09335 look for a short term SELL to support at 1.08251 or until price hits trend line, re-evaluate afterwards
Confirmations:
*Based on 3M price is in retrace. Wait for price to retrace to 1.09553/1.09585 before I sell
*Price is below top BB on 4H for SELL
Price is below the top bollinger band on the 4h
Price is just below the 50MA on the 4H
BUY Analysis Based off 4H
Look for price to bounce off resistance newly created at 1.09335 by the top BB on the daily.If price bounces nicely look to BUY to the resistance at 1.10545
Confirmations:
*Green Arrow on 4H and Daily
*Price is above the cloud
*Price is above the 50MA
SELL Analysis Based off 4H
If price breaks 1.09335 look for a short term SELL to support at 1.08251 or until price hits trend line, re-evaluate afterwards
Confirmations:
*Based on 3M price is in retrace. Wait for price to retrace to 1.09553/1.09585 before I sell
*Price is below top BB on 4H for SELL
Price is below the top bollinger band on the 4h
Price is just below the 50MA on the 4H