Date: 04/07/2017 17:00 EST
Daily:
ROMAR – support
EMA - support
PSAR - support
Check List:
Last MACD 0 crossing up
Last EMA Alert Arrow up
Last DB Attachment up at 128.956 with magenta divergence
FIBO down
Notes: the 4 horsemen are strong for the uptrend. Open candle at purple and at the top of this FIBO which proved to be a strong resistance. DB/SAR attached on top of the FIBO with magenta divergence for the continuance of the uptrend.
2 HR:
ROMAR - support
EMA - resistance
PSAR - resistance
Check List:
Last MACD 0 crossing down
Last EMA Alert Arrow up
Last DB Attachment down at 128.027 with blue divergence and at the 61.8 FIBO level.
FIBO down
Notes: the 2 HR chart is in a consolidated downswing. SAR now attached to the present candle as I am writing the plan. White and smooth crossed purple for the up. EMA is at the crossing with purple. Smooth at the crossing with white. We are in a consolidated downswing. Pip count to the top of this FIBO (39.5). ROMAR out of trading area. Pip count to lower BB (59).
1 HR:
ROMAR - support
EMA - support
PSAR – support
Notes: the 1 HR is starting an upswing following a consolidated downswing to ROMAR. PSAR is strong for the up. EMA is at the crossing with smooth. Strong uptrend.
Entry: The moment is telling me that the 2 HR chart is heading to the flip of the PSAR which would mean the start of a new upswing. However the fact that the SAR is now attached with the PSAR could mean that the downswing may continue and we seeing an EMA slider. If the PSAR flips and sets in stone I will go long from support as long as I have a 20 pip striking distance to the top of the FIBO for at least B/E in case it bounces again. If in fact we are headed to an EMA slider I will go short from resistance with an open candle below smooth as resistance and enough pip distance towards the lower BB.
Daily:
ROMAR – support
EMA - support
PSAR - support
Check List:
Last MACD 0 crossing up
Last EMA Alert Arrow up
Last DB Attachment up at 128.956 with magenta divergence
FIBO down
Notes: the 4 horsemen are strong for the uptrend. Open candle at purple and at the top of this FIBO which proved to be a strong resistance. DB/SAR attached on top of the FIBO with magenta divergence for the continuance of the uptrend.
2 HR:
ROMAR - support
EMA - resistance
PSAR - resistance
Check List:
Last MACD 0 crossing down
Last EMA Alert Arrow up
Last DB Attachment down at 128.027 with blue divergence and at the 61.8 FIBO level.
FIBO down
Notes: the 2 HR chart is in a consolidated downswing. SAR now attached to the present candle as I am writing the plan. White and smooth crossed purple for the up. EMA is at the crossing with purple. Smooth at the crossing with white. We are in a consolidated downswing. Pip count to the top of this FIBO (39.5). ROMAR out of trading area. Pip count to lower BB (59).
1 HR:
ROMAR - support
EMA - support
PSAR – support
Notes: the 1 HR is starting an upswing following a consolidated downswing to ROMAR. PSAR is strong for the up. EMA is at the crossing with smooth. Strong uptrend.
Entry: The moment is telling me that the 2 HR chart is heading to the flip of the PSAR which would mean the start of a new upswing. However the fact that the SAR is now attached with the PSAR could mean that the downswing may continue and we seeing an EMA slider. If the PSAR flips and sets in stone I will go long from support as long as I have a 20 pip striking distance to the top of the FIBO for at least B/E in case it bounces again. If in fact we are headed to an EMA slider I will go short from resistance with an open candle below smooth as resistance and enough pip distance towards the lower BB.
Consistency is a state of mind