Bearish Cypher Pattern RSI OB + DIV Downtrending trendline off daily chart Structure S/R 88.6Fib Retr + 127.2Fib Ext = Confluence
I am looking at confluence on the daily that could result in a downward move with excellent reward over risk. With divergence to the down side on the RSI and a double top around fib levels I am confident in taking this trade.
Hey guys, this evening i'd want to share a setup that i will closely look at in the next few hours and probably on Monday opening. This is a 2618 trade that's forming on EURNZD. If you're not familiar with this kind of formation, it basically consists in selling/buying the 618 retracement of the leg that breaks the double top/bottom's neckline. Essentially it...
Hey guys, on EURAUD we are fighting against a support level on the daily timeframe that seems to hold. On the 4hr chart we can see a nice RSI divergence followed by an engulfing kicker (at AB=CD completion) that meets my trading strategy. I'm waiting for a small pullback and then i'm buying this up. Stop 30 pips below the lower low of the consolidation period....
Hello Friends We have potential Bearish Butterfly pattern setup at 1.06868 FX:EURUSD remember to place accurate stop losses. Target 1 and Target 2 and also identify on chart .. Remember let the trade come to you and RSI can also help acknowledge when to enter. Happy Trading my friends and Remember No Revenue Leakage! Blessings~
Hey guys, today i want to bring you a nice opportunity on AUDCAD. In the daily chart we are back at previous structure and price is struggling with breaking it. We have already put a long wick to the top and so we want to get short on this pair. On the 4HR you can see we have RSI divergence and we've put a large engulfing candle that could be the first sign of a...
Hey guys, on EURUSD we are fronting a structure level on the 4HR chart. On the daily we sitting between previoous resistance and support and so i think it could be a nice spot to get short. As a conservative trader i want to see price confirmation: last week price created a nice double top with RSI divergence but i didn't short there cause the engulfing candle had...
Hey traders, i've kept an eye on this pair for a few days now. The AB=CD pattern is now complete and we are sitting right at the structure level i waited for (black line). We also have a Cypher already completed, a psychological number and RSI divergence. This level happens to be 38.2 of the daily's impulse leg. I only need a candlestick formation in order to...
Hey guys, on EURGBP we are testing a daily structure level that could turn out to be the right shoulder of a bigger head&shoulder (on the daily). So we know we want to look for shorting opportunities. In the 4HR chart we can see price's created a double top with a nice RSI divergence. The confirmation sell signal comes from the engulfing candle just formed. In...
GBP/USD is forming a double bottom at a low of 1.2000 there are long wick rejection candles at this level, there is also RSI divergence to support looking for longs. If however price can break and close below 1.2 i will be looking for shorts.
Hi traders, this analysis starts from higher timeframes. As you can see in the attached analysis i predicted usdjpy was coming to test this level some days ago. Now at this level we have a major structure daily level (black line) with a couple of fibonacci levels for confirmation. Another confirmation comes from RSI, that has a divergence on the last highs. In the...
Hi traders, i want to share with you some of my analysis here on EURCAD. Right now we are sitting on a daily support level (blue line), which was rejected more than once by price. We have just put an engulfing candle after a 1pip-missing double bottom. This could be the first signal of a big reverse, together with that huge rsi divergence going on for the last...
Wondering what you all think about this, double divergence between RSI & MACD, stochastic dropping, TP at latest swing low... nice RR... thoughts?
Trendline with multiple touches, waiting for it to reverse any day now. Pink line is the trendline, I would think about entering short once it touches the teal line, along with RSI divergence as confirmation. Thoughts?
All Yen pairs has been going up for quite some time now. With RSI Divergence in play, How much longer can it goes up? Is it just coming down for a correction and continue it's way up again? Or a total reversal? Let me know your thoughts. Thank you. Happy Thanksgiving =)
Hi Traders, Happy Thanksgiving to all of you. Trade with care. Got into a few positions but market is not moving much. Have a early rest then. seeya