Triple hit of support with RSI divergence.
Using heikin ashi smoothed (2-2) waiting for confirmation green candle.
Health and momentum is weak
Simple analysis but don't need to overthink this one.
Enter trade on 4 hour for tighter stop loss VERY important you know how to do this right.
GBPJPY - short opportunity based on structure, as strong resistance reached as well as some form of RSI divergence present.
Sell limit placed little bit higher and therefore great risk rewards ratio acquired.
Ethereum has moved sharply-lower on Monday, with the second most popular crypto losing a further fifteen percent of its value since Friday.
ETHUSD is now approaching oversold trading conditions after reaching the bearish head and shoulders pattern downside projection, close to the $300.00 level.
Furthermore, the MACD and RSI indicators across the four-hour...
We're hitting/just bounced of the 7.2USD support in March and February, Also less significant is the support line connecting the price early in 2017 with the wick in November 2017 which intersects the support at 7.2USD around this time.
Looking at RSI, it seems to be bouncing off the support at 30. which also indicates a possible reversal
After comments from Mnuchin and very heavy USD shorts on the market the USD has been very weak. However, after Mr. Trump and Mnuchin (again but this time saying the opposite) confirming that they want a strong USD "reflecting on the US economy" the market has finally stopped selling USD as it was few days ago. Therefore, I believe that we will...
UK100 is at the moment touching the strongest 7600 resistance line. There are now 2 topping tail which indicates rejection of closing the price higher. Also RSI(14) is currently nearing the overbought territory. If price can close around 7570 level, I'm planning to short it with profit target is somewhere around 7445, which is the previous strong support line.
2 Resistance lines approach.
Looks like it's forming a head and shoulders. Yet to confirm.
RSI looking like it's going to make Lowe Highs (LH).
Waiting on 2 speeches that could confirm or defer this idea.
If candle closes below previous low and RSI hits the red line. Short idea confirmed.
Risk reward ratio 3/1.