USDJPY: RSI5 Overbought. Longer TF (H4) is on downtrend. Confluence with 61.8% fibonacci level
The DAX comes right back into the previous support zone which now should act as resistance. We got a 50% Retracement from the swing high and a 1.414 Fibonacci Inversion lining up perfectly at the outlined area. The RSI also shows that we are heavily overbought. Good luck! Give me a Like if you want to see more of this.
RSI Overbought, B%20 over mid, B%50 over mid. Also confluence with 61.8% fibonacci level
I am Short UA and I am targeting $68 as my first price target and $50 as my second price target. Ryan
Getting some Doji candles and overbought action. Set a pending order if it returns to the channel, tight stop, and enter two trades to get some profits. Enter: 1.42579 TP1: 1.38622 TP2: 1.35345
Bat Completion RIS overbought + 1618 Feb Ex + 382 Retrenchment Good Resistance
AUDCAD is nearing a highly confluent zone of resistance. A bearish bat and a bearish crab are set to complete in a tight PRZ that may be contained by trendline and pitchfork resistance. A bearish Wolfe wave setup may also be completed in this area. To add to the bearish bias, two unhit daily pivots sit below price. RSI is overbought as well. Stop loss is...
Turning neutral and watching closely. I think good entry for e retracement IMHO - RSI & Stochastik with bearish indications and market is very overbought. - bearish engulfing and hanging man (confirmed with bearish engulfing) - spreads have been weak the last three days already indicating a trend change I am neutral with a bearish bias, but need more confirmation IMHO
GE has completed a bearish crab pattern in the optimal sell zone for a short Wolfe Wave trade. There is significant bearish divergence in addition to an overbought RSI which add to the bias toward the short side. Two missed weekly pivots sit below price as well, which may help drag the price down. Stop loss can be placed above a significant S/R level while...
Hello traders. Today on FX:EURUSD we have very nice structure based short opportunity, that is double top. We see that price tested the structure resistance and now, if the price retests the structure level @1.1243, but doesn't close above the resistance, we should go short on NBM. Besides there are very good confluences here: Left top is overbought Bearish...
Hello traders. Today I want to take your attention on FX:EURJPY shorting setup. We have a very nice shorting opportunity right at the structure resist level. We have a double top with bearish divergence, which is a good confluence, besides fibs 0.786 @133.30 resist level. We have 2 potential targets both at support zone.
Good 1-2-3 pattern to continue a bullish bias. Expecting to break the resistance level but maybe too extended to break now. Looking for a small pullback or flag to work off the overbought stochastic.
AUDUSD has shown some weakness in that it failed to reach the Median Line (ML) of the blue pitchfork. That's why I expect it to fall to the most outer sliding parallel. This is where I'll be watching if market finds support and presents a new entry opportunity to go long. The AUD is still quite strong, although it's getting neutral and oversold, whereas the USD is...