So last time I've published an idea for USDJPY short setup. Of course it's still possible but here I'd like to show you guys a strong support where the prices may struggle or even reverse. Why? 1. 50% Fibo 2. At this level MAs 50 and 200 are really close to each other (they often act as support/resistance) 3. Lesser round number (120.200) 4. Possible hidden...
Entry point confirmed by previous support and historical resistance SL at 188,6% Fibo of XA leg TP1 at 38,2% Fibo of CD leg confirmed by previous supports TP2 at 61,8 Fibo confirmed by previous supports Now we have a hidden divergence so there is a high chance that the prices will continue falling
Today sellers failed to breach 1.2200 level (former support) and the daily price action produced a neat bullish pin bar. As you can see, that area represent some sort of "reaction level" for prices, who respected that price in different situations. Today's pin bar and a hidden divergence on Stochastic oscillator may be warning on an upcoming trend resume toward...
UPDATE #2: Stopped out with small loss. UPDATE #1: Trade is active now. Hello Traders, Here we have a hidden BEARISH divergence that is giving us a nice shorting opportunity with very little stop loss and potential of high reward. The analysis is pretty simple, market is making LHs and LLs, signifying the continuation of the downward trend. Market has...
After the complletion of the Bat Pattern last week, bears came crushing the bulls. However, the momentum of the selling pressure is decreasing shown by the colour differentiation in the candlesticks. This potential bullish trade does provide a lot in terms of technicals: 1. There is a hidden divergence in place which indicates a trend continuation. 2. A potential...
Hidden Divergence = Sell Symmetrical Triangle = Sell (Continuation of downtrend)