EriTrading

EriTrading

1. Price action and patterns - Daily : Support section - 4 hours: Double Top 2. Confirmation signal - Engulfing Candle 3. Transaction type - Confirm transaction 4. Note - RSI divergence 5. Explain your trading strategy - Daily chart support section, 4-hour chart chart pattern - Expect further declines when Engulfing closes

EriTrading

1. Price action and patterns - Daily : Support section - 4 hours: Double Top 2. Confirmation signal - Engulfing Candle 3. Transaction type - Confirm transaction 4. Note - 5. Explain your trading strategy - Daily chart support section, 4-hour chart chart pattern - Expect further declines when Engulfing closes

EriTrading

1. Price action and patterns - Daily Support section - 4 hours: double bottom 2. Confirmation signal - Engulfing Candle 3. Transaction type - Confirm transaction 4. Note - 5. Explain your trading strategy - Daily chart support section, 4-hour chart chart pattern - Expect additional upside when Engulfing closes

EriTrading

The decline, which started from the daily resistance zone, broke the uptrend line. A breakout from the support line on a lower timeframe chart pattern created below the uptrend line presents a good P/L trading opportunity.

EriTrading

USDCAD has reached resistance zone. A breakout of the uptrend line on the 4-hour chart to the downside is likely to trigger a decline towards the support zone below.

EriTrading

AUD/USD has approached a strong support area (0.65830 to 0.65230). The reversal signal created in the support zone has high reliability, and the maximum target in the uptrend will be the resistance zone.