EURCHF coming into a nice structure zone, forming a downward wedge on the hourly. Looking for an upwards breakout of wedge structure before going long. RSI oversold, RSI bullish divergence Structure zone overlapping with .382 retracements. Upward trend on the daily.
The last time I looked at this stock I had a bullish Bat Pattern on my radar, which resulted in a move back up to previous structure before continuing short. That movement down ended up being the 3rd drive in a bullish 3 Drives pattern (in yellow) and what I would expect is a minimal move back up to previous structure (orange arrows). Typically when traders look...
Recorded a video of this trade to my Synidcate members earlier in the day but ran out of time to post this before my Live Room started. But with not a lot on my radar this morning AUDCAD was a pair that really stood out to me. Not only has the market put in a beautiful double bottom along with bullish divergence and the RSI being oversold. But we're also right at...
This pair found support at 61.8% Fibonacci retracement of the last big swing high. This level was also a great bouncing zone in the past. Recently on the first bottom of the pattern, RSI was extremelly oversold. Action: wait for a double bottom to complete at that level and buy next candle if RSI bullish divergence is in place.
This morning I recorded a video looking at a bullish Gartley opportunity that I missed. By the time I got my orders in price action had move well beyond the original entry point offering a much better risk/reward. Hours later we are still holding on tot he very last bit of structure and are attempting to put in a double bottom depending on the close oft his...
Based On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum.. IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive...
PA might bounce on the bullish bat @8212 just enough to hit the T1 @8355 and cont. down to complete the AB-CD @81 odd handle. Even a dip down to 8047 to engage the bullish butterfly might be possible. The RSI div. shows that a stop @82 is likely and a correction might occur.