Price has been in a range from 111.00-114.00. Price is at the range lows on the four hour chart. We have tweezer bottoms and RSI divergence on the Daily. I'm looking to get long around 111.05 at the 4 hour structure support. I'll have my stop just below the swing low's at 110.60. Looking to take profits at the range high at 114.00. Price rejected the...
There is some RSI divergence on the 4 hour chart. USD/CAD might start to get out of its bearish rotation in the coming days. You can see on the 4 hour chart, the RSI is starting to build momentum to the upside. On the Daily the RSI is starting to pull away from oversold and is starting to build in strength. We just need to see price catch up. I'm looking at the...
Could there be some relief in yen next week? Weekly - Hammer / pin bar Daily - Tweezer bottoms - Double bottom formation - RSI oversold - ABCD move completion with strong reaction at 77.595 H4 - Bullish engulfing candle Bullish pressure seems to be building up. Awaiting pullback and seller failure before taking a long position Strong support at 80.000
GBPJPY H4 chart shows a bearish tweezer top price action pattern. The RSI supports the bearish idea with closing back below 50. S/L is placed just above previous candle's high. Target is daily pivot line around 163.60.
Price is on a bearish move on the monthly chart it tested the major resistance and counter trend line but could not break it ever since price has rolled over. REASON TO TAKE THIS TRADE Monthly trend bearish shooting star signal on the weekly chart at my kill zone tweezer top formed on the daily 38.2 fib retraced
The tweezer top formation retesting the 1.13750 major resistance zone proved to be a textbook setup. In addition to this, monetary easing by the ECB has added fuel to the fire. For a short term outlook I expect a slight retest of the significant 1.11000 trend line, before price continues to the downside.
- Possible Butterfly Pattern - Tweezer/ Pinbar in a resistence área
- Tweezer in a support and resistence area. - Divergence Buy orden in 0.69714