BB setting : 34 RSI setting : 75 & 25 Step1: Identify the trend DOWN TREND Step 2: Identify the key level (Support/Resistance) Resistance Step 3: Identify the confirmation on RSI & Bollinger Band DOWN TREND - RSI brake BB - RSI above 75 for SELL Entry UP TREND - RSI brake BB - RSI below 25 for BUY ENtry
price failed to break major support and formed a bullish engulfing candle
Price failed to break the major support level and formed a engulfing candle pattern. price formed a lower low, price may continue drop
Price reach the major resistance level and show a pin bar. price may reverse to the support level
Price broke this key level price retested bullish momentum getting weak
Price Broke the support and retest. Price has the potential to reach next major support level.
EMA Confirmation Failed to break support Double Bottom Strong bullish candle
Price Formed HH & HL EMA Confirmation FIB 61.8% Rejection
EMA Confirmation price in uptrend FIB 50% rejection
CADJPY Short
