Session: January 9th, 2019 EUR/JPY.
Red News: CAD
Daily
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
EMA last arrow: UP, MACD: UP
H4
Romar: Resistance
EMA: Support
Parabolic: Support
H2
Romar: Support
EMA: Support
Parabolic: Support
EMA last arrow: UP, MACD: UP
H1
Romar: Support
EMA: Support
Parabolic: Support
Daily (big picture) final note
After White Purple cross with SAR showing, EMA Green arrow shows up followed by MACD UP arrow against the Romar trend. This is the first time MACD is above 0.0 since the down swing.
H1 H2 H4 final note
H2 is currently at Fibs Red "0" with everything pointing up. H4 4 horsemen and EMA support are going against Romar resistance and both Divergence are showing at the top with DB/SAR. H1 is in sync with H2.
Market type
UP swing / Consolidation
Projected entry
Going long at this moment is not option because H4 Romar resistance can stop the TP, and the Daily Parabolic / 61.8 resistance is also right there.
Most likely will be shorting at a resistance area with confluences and not from center and also if H2 has enough room for the TP to be hit, so before H2 Romar / Parabolic support.
Red News: CAD
Daily
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
EMA last arrow: UP, MACD: UP
H4
Romar: Resistance
EMA: Support
Parabolic: Support
H2
Romar: Support
EMA: Support
Parabolic: Support
EMA last arrow: UP, MACD: UP
H1
Romar: Support
EMA: Support
Parabolic: Support
Daily (big picture) final note
After White Purple cross with SAR showing, EMA Green arrow shows up followed by MACD UP arrow against the Romar trend. This is the first time MACD is above 0.0 since the down swing.
H1 H2 H4 final note
H2 is currently at Fibs Red "0" with everything pointing up. H4 4 horsemen and EMA support are going against Romar resistance and both Divergence are showing at the top with DB/SAR. H1 is in sync with H2.
Market type
UP swing / Consolidation
Projected entry
Going long at this moment is not option because H4 Romar resistance can stop the TP, and the Daily Parabolic / 61.8 resistance is also right there.
Most likely will be shorting at a resistance area with confluences and not from center and also if H2 has enough room for the TP to be hit, so before H2 Romar / Parabolic support.
Trend Support/Resistance