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DAILY CHART - DATE: 7th August 2019
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment Low - 117.664
Fibo up or down Up
NOTES: Lat 2 days up bars. 4 HM downtrend and Resistance.
Market opened at Smooth just above 23.6 Fib resistance.
4 HOUR CHART:
ROMAR: Resistance
EMA: Support
Parabolic: Support (White has crossed Purple)
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow
Last DB Attachment High
Fibo up or down Up
NOTES: DB attached high with Std Divergence. SAR attached low at EMA.
Uptrend weakening with White crossing Purple.
2 HOUR CHART:
Opening Price: 119.218
ROMAR: Resistance
EMA: Support
Parabolic: Support (but White has crossed Purple)
Check List:
Last MACD 0 Crossing Up (may change on current bar)
Last EMA Alert Arrow Down
Last DB Attachment High – 119.862
Fibo up or down Down
NOTES: EMA down arrow on previous bar. 4HM in slider with EMA below Purple and White and Smooth above. BB’s narrowing.
1 HOUR CHART:
ROMAR: Support
EMA: Support
Parabolic: Support (but White has crossed Purple)
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment N/A
Fibo up or down Down
NOTES: White and Smooth have crossed Purple and EMA is heading for Purple.
BB’s narrowing and running sideways.
NOTES (All four charts): The Daily is still in a downtrend and has opened at Resistance today. The H1 and H2 Fibos are now down.
The power of the Parabolic has been neutralized on H4, H2 and H1.
Trading Chart: The market and the H2 are in consolidation. An EMA down arrow has appeared and a MACD crossing is highly likely. Support is currently 50 pips to 61.8 Fib and 81 pips to the lower BB
Entry: The market appears to be retracing from its 2 recent
Daily up bars. I will enter short with an opening below the
H2 EMA.
DAILY CHART - DATE: 7th August 2019
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment Low - 117.664
Fibo up or down Up
NOTES: Lat 2 days up bars. 4 HM downtrend and Resistance.
Market opened at Smooth just above 23.6 Fib resistance.
4 HOUR CHART:
ROMAR: Resistance
EMA: Support
Parabolic: Support (White has crossed Purple)
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow
Last DB Attachment High
Fibo up or down Up
NOTES: DB attached high with Std Divergence. SAR attached low at EMA.
Uptrend weakening with White crossing Purple.
2 HOUR CHART:
Opening Price: 119.218
ROMAR: Resistance
EMA: Support
Parabolic: Support (but White has crossed Purple)
Check List:
Last MACD 0 Crossing Up (may change on current bar)
Last EMA Alert Arrow Down
Last DB Attachment High – 119.862
Fibo up or down Down
NOTES: EMA down arrow on previous bar. 4HM in slider with EMA below Purple and White and Smooth above. BB’s narrowing.
1 HOUR CHART:
ROMAR: Support
EMA: Support
Parabolic: Support (but White has crossed Purple)
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment N/A
Fibo up or down Down
NOTES: White and Smooth have crossed Purple and EMA is heading for Purple.
BB’s narrowing and running sideways.
NOTES (All four charts): The Daily is still in a downtrend and has opened at Resistance today. The H1 and H2 Fibos are now down.
The power of the Parabolic has been neutralized on H4, H2 and H1.
Trading Chart: The market and the H2 are in consolidation. An EMA down arrow has appeared and a MACD crossing is highly likely. Support is currently 50 pips to 61.8 Fib and 81 pips to the lower BB
Entry: The market appears to be retracing from its 2 recent
Daily up bars. I will enter short with an opening below the
H2 EMA.