CORRECTION TOWARDS 1.34

21 Feb 2016

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements

Daily

• Pivot points: Price below Weekly Monthly Central, Accepted WS2 and MS1
  Support/Resistance:At resistance
  EMA: Below 55 and 21 ( 21 above 55)
  Trend: Bullish with current correction
  Structure: LH,LL,LH,LL currently LH
  Bias: Bullish with correction
  Psychological levels: 1.38 just above current price
  Stochastic:Downwards approaching 30 levels
  Fib: Within a buy zone from previous move however currently in correction
  

4H Chart

• Daily Pivot: DR2 rested and accepted
  Support/Resistance:Currently sitting at support
  EMA: 55 was tested and accepted
  Trend: Downwards - correction
  Structure: LH after double bottom
  Stoch: Overbought
  

1H Chart:
Suport/Resistance: Price sitting at support
Stoch: Oversold