Going for a scalp, but also thinking targets should be lower. (Risky ) Happy with a 2R atm. If price action confirms bearish trend then can look for swing trade setups
- Looking in this zone to short - Retrace move back up has been long, and looks corrective - Hidden Bearish divergence on RSI - Zone of interest is 1.27% inverse of last drop, as well as short run (not reaching the 61.8%)
- Long at retrace for approx 3:1 - weekly / Daily looks like toppish, but still in a bullish trend
Trade Setup (Daily and 4 hr) approx 3:1 - waiting for a retrace next week or two to fill my sell order - Daily RSI divergence - 4hr trend changed to bearish Scalp (4hr and 15 min) approx 2:1 - If during kill zones (as marked on the chart the trade setup)
As per the chart I have long and short idea. Set an alert and see price action before entering.
DAILY CHART Swing trade. - Looking at the end of the 4th wave, and joining in the 5th wave final push up Set alert at price of interest
Two setup If today or tomorow during NY or tomorow's Asian / london then the smaller trade IOtherwise stay put if price goes higher than the other setup
Looking at maybe the final push up? - 5th wave - Weekly chart RSI should still be diverging.
- Everything on chart - Will monitor when price hits my short trade look, however if that fails, there is a stronger sell zone marked in the yellow box
Area of interest - 78.6 fib - Daily Resistance Alert set, and look for Price Action confirmation
- looking at 78.6 retrace - looking at liq. grab - On daily, it should have RSI bullish div if this happens
- Daily 78.6 fib price reaction - Daily RSI Divergence - Enter with Sell limit order
RSI Divergence 78.6 Looking to enter long here with partials marked
EURCAD on 4hr Fractal has trend shift after breaking two Lows. Also at reacting on daily bearish trendline with bearish daily price action Can aim for much lower targets than the 3:1 reward to risk
Identified an area to short. - Look out for Data realease on Tuesday 7Th of November (AUS interest Rates 3:1 reward to risk
One scalp trade with low risk pip for a scalp Current Active Another potential trade still there for a larger swing,
Looking at reshorting this after being stopped out for a swing This is more a scalp