In 4 hour timeframe I think that a bullish confirmation, using the Ichimoku Kinko Hyo market reading tool, would be confirmed. No immediate trend if not confirmed.
I think of a slight bearish trend tomorrow with an initial range of 24.47-24.81 (support-resistance). I think of a bearish trend until 24.47
In 1 day TF, in 4 hour TF, in 1 hour TF and even in 15 min timeframes, the trend is bearish.
I think that for now there is not much volatility but in the next hours the trend may be bearish.
I see the price is actually bearish, so I'm short on this pair.
I think of a neutral trend at the next opening.
If next 15min candle is above TS+KS+KUMO then this might be a BUY signal (Long).
Here are some key levels (pivot points <=> potential supports/resistances) in 4 hour-timeframe. In Ichimoku Kinko Hyo.
If price stays under 0.75709 then a next potential support would be 0.75596, but if price gets over 0.75709 again then a next potential resistance would be 0.75858 (Ichimoku 1D key levels <=> pivot points).
If price gets over 44.34 then next potential resistance would be 44.83. If price stays under 44.34 then a first potential support would be 43.63.
TOTAL SA Price is actually at 44.30 over key level 43.94
The price is actually testing a one day keylevel of 43.94. The price and the Chikou Span (Lagging Span) are actually over the cloud in H4 + H1 + M15. This may result in a gap up at the next opening.
The price crossed the 43.47 key level while going down, and this may. now be a resistance. I think the price will at least go downtrend to 42.73 that may be a support and if price crosses it while going downtrend then it may be a resistance.
The action price may go up to 43,54 Price is bullish in lower timeframes May be bullish until 43,54
These were used today for my trades. Today the DAX was clearly uptrend and each pivot points crossed while uptrend were resistances then supports.
Actually in high timeframes (>=2h) the trend is bullish. In lower timeframes the trend is ambiguous. 1.12163 is a pivot point : If EURUSD price gets over 1.12163 then it may go up to 1.12571. If EURUSD bounces on 1.12163 and go downtrend then it could bounce again on 1.11697 to go uptrend again. I'm neutral on short term. I'd say : for short term investors,...