RevenueTrader

RevenueTrader

Resistance Level - Price Reject the Resistance Level Head and Shoulder Pattern - Head and Shoulders Pattern Indicate the Buyers are Losing Control Over the Market. RSI Indicator - RSI Over-Bought and RSI Divergence indicate the Fading Momentum of the Ongoing Uptrend. Trade Idea - Based on the Clues Above, We can expect a sell-off if price broke below the...

RevenueTrader

Confluences for FX:EURGBP 1. Price is at Weekly Resistance Level 2. Series of Lower Highs Indicate Selling Pressure 3. Descending Triangle Pattern Indicate Selling Pressure That Builds on This Pair 4. RSI Massively Over-Bought Trade Idea - Consider Going Short if Price Retest Local Structure Successfully. Trade Analysis From - Trade Revenue Pro

RevenueTrader

Right now FX:USDCHF uptrend shows some weaknesses as price struggle to break above the daily resistance level. Furthermore, the descending triangle pattern indicates the selling pressure that builds on this pair. with all of these technical factors, If the price broke below the local structure level, then we can anticipate a bearish trend rotation. Disclaimer:...

RevenueTrader

Price just broke above the local structure level and with that previous downtrend is now invalidated. Also, the head and shoulders pattern at weekly support indicate a strong trend reversal signal. When considering all these technical factors we can expect a bullish price movement. If the price starts moving higher, we will closely manage our risk and always...

RevenueTrader

Right Now FX:EURCAD is in up trending scenario. However, in the last week, the market closed with a strong selling pressure (Blue zone marked in the chart). If you look left you can see that the market is at a major resistance level that comes from the weekly timeframe also at the last week price did break above this resistance level but the price wasn’t able to...