Divergence with a current oscillator confirms possible reversal, what gives support to momentum traders, and can possibly give a momentum to the price movement.
Price is currently at 127.2% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to 1D Chart
Due to current price position (intra-day - independent view) I will look for Bullish PA patterns to begin with a limit order at 1.0839
In case If You have followed my evening call, then it's better to trail then to close a trade.
This is a short term analysis based on a 1H chart, I’m trying to post it after I see something interesting, or when I want to review the situation, I’m doing it for my own trading, and I have decided to USE TV as my main analysis platform, as I’m able to access it anywhere. Any questions are welcome. Your Likes are much appreciated.