Confluence perhaps?
- 62 fib retracement on current downtrend coincide (to the pip) with monthly pivot and round number 1.6700
(note however, that the downtrend is part of a bigger move which can be seen on weekly. Not sure if fib from trends that long ago should be considered)
- divergence on RSI and MACD
- hanging man (bull exhaustion candlestick pattern), which happens to be a double high (can be considered inside bar I guess)
A touch trade would have been nice here I suppose? Awaiting guidance from the touch experts.
- 62 fib retracement on current downtrend coincide (to the pip) with monthly pivot and round number 1.6700
(note however, that the downtrend is part of a bigger move which can be seen on weekly. Not sure if fib from trends that long ago should be considered)
- divergence on RSI and MACD
- hanging man (bull exhaustion candlestick pattern), which happens to be a double high (can be considered inside bar I guess)
A touch trade would have been nice here I suppose? Awaiting guidance from the touch experts.