On the 4h chart of Cable, a bearish divergence (in RSI, MACD, and Stochastic) is observed with no higher-highs being formed, signaling weakness in the current bull trend. A break out of the rising wedge and a subsequent break below the local support of 1.32990 could provide a short signal where it is expected to fall to at least the 4H support of 1.31760. However,...
The bears seem to be in-control of price action... we found this setup just now and we're leaving in over night.
There are 3 profit targets, on the 4H price broke a trendline support so im targeting the bottom levels.
We're a day trading community generally, rarely do we leave trades over night but this one looks good for it.
We're short on GBP pairs today, we believe there will be a GBP reversal soon, not sure to exactly where but we have strong indications it will drop.
We shared a similar view for a stronger USD yesterday in our discord community for the US session.
The chart is clean, we focus on profits and not beautiful and dirty charts.
Im long on XLM after todays drop! I think the ATH can be breached.
Its a little late, but since Im looking at these more as swing trades I am trading of the 4H chart, related to this is my earlier long on XRP too.
I think we can see a rapid push to the upside, but again, I trade in terms of probabilities and can close a trade at any given time, even tough I...
I think that BTCUSD has an excellent chance to continue up from the 18360.0 zone. There are lots of solid indications, here are the ones I see right now on the 1H chart.
Support level and solid rejection candles in this zone
The last 1H candle, created a strong bullish pin bar
RSI is below 30
The 61.8% fib retracement lines up with the supply/demand zone
Not the best week really for me, no major losses but lack of set ups, so i have noticed this wedge structure in cadjpy and i am in a long position aiming for the 81 kinda area. 4h looks like swing low, just need a bit of oil bull
This is the second time we go long on the DAX today. The first one was a London open 2m clap long that earned us a quick 750eur, pays the bills ;)
This one however looks to be a better setup for the NYC session, we have 3 sets of TP listed and we might close out an any given level.
RSI is in the lows, the 10m chart has a contraction leading to the 30% level and...
Now that the sell walls are falling one by one, DIA is cutting through the fib levels like butter and with Kucoin due to buy back the $3 million of hacked coins by 22nd November, DIA will be unstoppable.