Reasoning: 1) Confluence of Harmonic Patterns on Key Structure 2) Bearish RSI Divergence 3) Double Top.. ? * Do your own due diligence before entering the trade
Reasons for Short: 1) Bear Shark 2) Rising Wedge 3)RSI Bearish Divergence
Reasoning: 1) Waiting for the pair to move a little higher till it retests the still fresh supply zone 2) Wait for a bearish signal and enter the short side 3) TP target of around 200 pips (set at confluence between past support pivot + 78.6 Fib level + fresh demand zone) 4) Bearish RSI Divergence which is why I think the pair will be moving downwards really soon
GBPUSD has slowed down from a steep uptrend to a consolidation, and it looks as though it might break 1.3200, retest previous support and resume higher. There is also RSI digvergence which further backs the point that it could retrace lower. Just an idea to put out there
GBPJPY has been in a Bearish Trend. It has recently pulled back into previous structure in the formation of a Bear Bat Pattern. Price has now Double Topped at the Bear Bat entry point with RSI divergence. For me stops will go 1 ATR Above the Double Top and I've shown a few examples of where one could take profits. Great R:R no matter where you are taking...
ello guys, as you can see there's an RSI divergence and we are in a good support zone. Im going long. Target in the chart. Have a nice day best regards
Potential Cypher pattern just finishing completion on this pair with the D point lying on an area of previous resistance. RSI shows strong divergence.
Different strategies confirm and suggest the idea of a bearish trend in the next days followed by an up movement approximately by level 0.99620 i'll keep updated the post because it could be an interesting trade.
Hello traders, If price pulls down further into the price zone bellow 117.04s it may present an opportunity to go long. We have previous structure around this level A strong cluster of Fibonacci levels and an AB=CD harmonic move. For entry I require a a double bottom with confluence of RSI divergence and RSI oversold conditions which I look for on the 4hr...
Silver seems to be forming a topping structure, there is a major supply zone around 18.40, if price can close below the trend line i would be short to around the next trend/200EMA. The RSI is also losing momentum and showing a divergence with price. Weaker than expected NFP could be the catalyst needed here.
as u can see in the chart we've a downtrend which now will turn to an uptrend rsi divergence also the target is 86.285 let's do it
H&S forming if it breaks 7400 target 7340. RSI DIV for confirmation Retest of trend before breakdown.
This looks a nice setup with the neckline as previous resistance. Oil is at a major trendline if it rallies this should breakdown nicely ,as this pair is negatively correlated with oil. RSI divergence supporting the fading momentum. Be careful with the interest rate decision later if taking any trades.
Ok there seems to be a lot happening to back up a short. RSI Divergence Reversal candle Falling volume Previous support acting as resistance pushing down on price This setup has occurred several times in the past and every time it falls around 15% this would take us to the major trend line and 78.6% fibs. All in all this is looking like a good setup, wait for...
Hi guys GOLD in nice sell mode,wait for the flag breakout to enter short