The trends on the longer term charts (hourly and four hourly ) are all down but the m15 charts is suggesting a bounce. The macd is divergent with price and the market is trading 100 points below the daily pivot at 1.3704.
I favour a push up from here and then the longer term trend will resume. The high of the overnight range is 1.3622 and I would expect the market to exceed this level before falling.
Nothing done and watching.
Good Trading
David
No comments:
Post a Comment