GBPJPY has reached strong resistance on multiple time frames and divergence formed on 4-hr timeframe.
RSI neutral.
Wait for the rejection pattern before entering.
Educational purposes only!
EURJPY possible long.
Currently inside a triangle.
Small divergence formed on the 4hr.
Wait until a rejection pattern confirmation is made near the support zone before entering since the price could easily break support and fall steeply.
25 pip stop loss - 1/4 RR ratio.
Educational purposes only!
XAUUSD between demand and supply zone.
The lower time frame indicates the price being bullish after reaching supply. It has already retracted.
I'm going to keep an eye on gold to see which of the two scenarios will play out. IF price breaks support, it will head towards 1755.00. If price closes above 1810, it can go up to 1820-1840.
Need to wait for...
Approaching strong resistance level. This level has been respected numerous times.
RSI approaching overbought. Wait for confirmation candlesticks on 1 hr, 4 hr and daily timeframes before entering.
Educational purposes only!
EURUSD approaching resistance
Possible formation of divergence on the RSI.
Has had a long bullish extension. Will show signs of exhaustion. Wait for rejection candlestick pattern formation around this level before entering.
Educational purposes only!
GBPUSD short.
50 pips stop loss.
RSI has reached overbought and currently approaching resistance on daily and 4-hr timeframes.
Wait for rejection candlesticks to form around the resistance zone.
Educational purposes only. Trade at your own risk. Use proper risk-management.
GBPNZD maybe heading towards long.
At a very important daily support level. This has been respected many times and emerging divergence on RSI.
Wait for bullish candlestick pattern to form/complete on suggested timeframes before entering/.
50 pip stop loss, projecting 150 pips+ profits.
This post is educational only. Trade at your own risk!
