QuoteDislikedhere is EUR 60 chart with possible setup
the pros are: fib + IB + stoch hook + divergence + approaching 5sma + top of trend channel
the cons are: not an upper fib level -- has broken 60 sma to the upside -- slower time of day -- too many candles?
am going to watch to see if it rises to the 50 fib / 4800 level
comments from the experts?
ps to DRA:
Good spot and nice analysis!
there is something i watch, the breach of HH, HL et al: if u look at, EU has breacheed former HH and its making new High,
anything can happen though coz we are still in a downward trend, but if we have a setup, i will advice that u let stoch crossed out out of over bought area.
am watching too