Strong indications of trend reversal. Convergence on MACD. ABCD pattern completed. DXY hits 0.618. Feedback is always welcome!
kinda late to post, but my current trades look like that (Watchout for reverse similiar pattern on EurJPY 4H)
Please see annotated chart for details.
AT&T is currently forming a descending triangle pattern (look at weekly / daily charts for confirmation). It is also at the resistance line for the descending pattern on the hourly chart. Wait for break of convergence pattern below and then enter short. Set your stop loss slightly above the middle of the convergence pattern to avoid false breakouts, and set your...
After strongly bearish, I find a potentially BULLISH CONVERGENCE on EU H4. SL @ 1.0900 TP1 @ 61,8% TP2 @ 38,2% TP3 @ 23,6% TP4 @ 0% If the candle break SL, probability go to fibo 100%.
I have at least three harmonic patterns converging in the 1.10500 to 1.10300 area watching this really close!!! Bullish gartley, bullish crab, and then an ABCD pattern from a lower time chart taken from the current two swings which is annotated in bright yellow!!! might get a big bounce down at this level. thanks for viewing Bud
The RSI can be a great trading tool if used properly. Most Traders use it for an overbought/oversold indicator and that is the worst use of the RSI. As you can see from the chart, there are multiple short term trade setup in this one hourly chart. Although I am only showing 3 examples there are many more setups on this chart but did not want to make a mess...
My last idea was definitely a bit early, the price has had some interesting times in the last couple days. Unfortunately got trapped in a short at 170, definitely was not expecting such a rapid market shift. The 100+ BTC buy that sent the price rising over 10% was definitely not anticipated. So now we must play this new field, which is actually not looking bad....
Look a this ;)
On the H4 chart we see that the pair created divergence followed by convergence which means only 1 thing - sell rallies! This is my plan to join the bears. Wait for the price to enter the sell zone and short. Ideally we want to see hidden bearish divergence forming inside the box. Stop Loss – 78.90 Target 1 – 77.60. Target 2 – 77.00.