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Short term & long term trend in sync.
CADCHF looking over sold on the RSI and seems to have bounced on the weekly trendline. looks like 400+ PIPS are up for grabs
i've been looking at this pair for the whole week, and now i think i've found a nice trading opportunity for a counter trend trade. As you can see price has created a double bottom with RSI divergence in a zone that was already on my radar for being a daily structure area. RSI is in a divergence also in the higher timeframes and that's confirming my ...
as you can see, the yellow box represents a good structure level that seems to be holding price above it. On the daily chart the price has gone oversold at the first touch of the zone and it's now creating a nice divergence on the 4H along with a double bottom. These are all signs that add together and that give me confidence about this trade. Please, ...
Long term up trend about to continue. Great risk to reward with MA. fib and key level at highlighter green zone
as with every week i've just released my videoanalysis where i explain my views and my potential setups for the week ahead. In this week's video i explained one of the techniques that allow you to take trades wherever the market is going to go. If you want to see that and other pairs, feel free to click on the link below.
Give me some feedback too!
just want to share with you this interesting area that's being tested on CADCHF. It's a daily level of structure that acted as support in the recent past and now it seems that price are being pushed by this level. This is why i want to get involved long with this. There's also a RSI divergence showing in the daily and 4h chart, in addition to a pinbar ...
Who will prevail?
another chart today, this time it's CADCHF's turn. As you can see the daily chart is giving us multiple reasons to look for long opportunities, and pay attention to the "look for" verb, it doesn't mean we're going to take the trade with no confirmation (since we're on the daily i don't trade patterns on the daily itself). Instad, i've outlined the ...