AB = CD with RSI oversold. SL = 82,10 TP1 = 93,22 TP2 = 98,266
GBPCAD has entered the PRZ of a bullish crab. The RSI is quite overextended as well, so a 38.2% correction is likely at these levels. Entry is placed at the base of the PRZ with target at .382CD and SL outside of 1.786XA. Confluence in the PRZ: Bullish crab 3AB=CD 5BC Projection RSI Oversold
NZDCAD is nearing the completion of two confluent harmonic patterns within a tight PRZ. A heavy S/R zone sits below the PRZ for added support. 200 EMA and SMA lines may add support as well. To add to bullish bias, RSI is oversold at current levels. Entry is placed at the bottom of the PRZ with target at .382CD and SL below the S/R zone. R/R = 1.44 ...
GBPJPY has completed a bullish bat at strong trendline support. This allows for a 5:1 R/R because a break and close below the trendline nullifies the trade. In addition to the pattern completion, there was a strong breakout from a 1D trendline that may potentially be retested. A missed pivot cluster may add to the bullish bias. We also have bullish RSI...
Based on the basic RSI trend-line break strategy, it seems to be a good idea to hold on before going short due to an imminent rally. Oversold conditions indicate that the rally is very soon, so check your RSI trend lines before entering a short position.
it hit support, RSI indicates that is over sold and the moving averages indicate a future bullish crossover, looking at possibilities, just as long as it does not break 1.00 support
Nov 18 2015: BEARISH EURGBP Daily (Analysis Based on weekly chart) Observations 1. Long term down channel 2. Short term up channel 3. Price close to channel low 4. Potential RSI bullish hidden divergence 5. Potential head and shoulder NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the...
After an 88% drop from its 152 week highs in July, SUNE has completed a possible bullish Wolfe Wave setup. After such a vicious drop, this could also be the terminal movement of the downward impulse which may be an indication that any upcoming correction could be strong as well. Frost and Prechter's Elliott Wave Principle describes this price formation (pp....
Nov 12 2015: BULLISH GBPUSD 15 Min; Up trend; Buy correction (Analysis Based on 15 Min chart) Observations 1. Price in short term up channel; 2. RSI oversold at swing low 3. RSI bullish hidden divergence NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
Nov 10 2015: BEARISH EURGBP 1 Hour: Bullish BAT pattern (Analysis Based on 1 hour chart) Observations 1 Short term down channel 2. RSI oversold 3. Price at down channel mid-line 4.BAT at pattern near completion 5. RSI hidden divergence NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 9 2015: BEARISH GBPUSD 4 Hour; Price break and close below support (Analysis Based on 4 hour chart) Observations 1. Price re-enters long term down channel; 2. Price has broken short term up channel 3. Price close below SR zone 4. RSI oversold 5. Price bouncing at down channel mid point NOTE: Wait for price action to confirm the importance of this level. If...
After the blood bath of pre-NFP trading (In which I got a little burnt, unfortunately), this little setup looks extremely promising to get us one over EURUSD again. The decider of this play will be what happens at the 1.08 level. My targets are set at 1.05 for going into next week. Again, dependent on what happens at 1.08. - I'm looking to SELL at around 1.0786...
Nov 6 2015: Slightly BEARISH GBPUSD 4 Hour (Analysis Based on 4 hour chart) Observations 1. Price re-enters long term down channel; 2. Price has broken short term up channel 3. Price at weekly SR zone 4. RSI oversold NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
Nov 5 2015: BEARISH GBPUSD 15 MIn: Sell resistance; (Analysis Based on 15 MIn chart) Observations 1. Price has moved down sharply 2. RSI oversold 3. Expecting retracement into support becoming resistance NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
Nov 5 2015: BEARISH GBPUSD 1 Hour; Buy support; Sell resistance; Buy BAT (Analysis Based on 1 hour chart) Observations 1. Price in short term down channel; 2. Price at 4 hour SR zone 3. Bullish BAT pattern at market 4. RSI oversold NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
Nov 5 2015: BULLISH EURUSD 1H: Buy channel bottom; Buy Support (Analysis Based on 1 hour chart) Observations 1. Long term down channel 2. Oversold RSI at 1H swing low 3. Regular divergence Price at daily and weekly support NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
EURUSD has completed a bullish bat pattern inside of the PRZ of a larger TF bullish Garltey. Moving into the bat PRZ, RSI and MACD have printed bullish divergence. To add to the bullish bias, an unhit pivot cluster sits above price and coincides with .382 retracement of the Gartley CD leg. Targets are placed at .382 and .618 retracements of CD. SL is placed...
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