So this one looks exactly the same as the previous one- I currently have two different orders set, I believe it will trigger them both and hopefully respect the lines! Entry 1 (Short) .05 lots Enter: 125050 SL: 1.25300 TP: 1.24000 RR: 4.2 Entry 2 (Long) .05 lots Enter: 1.23400 SL: 1.23150 TP: 1.24000 RR: 2.4
As a cheeky one, broke support that i traded at earlier, now retesting a lower major support- might be worth the watch for entertainment value as i sob in a very manly way if it does not respect the idea! Entry: 127.603 SL: 127.050 TP: 128.740 RR: 2.82 \(^_^)/ *Prays to the god of pips*
So I managed to miss the major drop as i was a bit worried it would break and move higher. However, us30 looks to have started a bounce from the lower support- So going for a long on this one! Well, 2 if you look as my original entry was slightly messed up! Position 1: Entry: 31551.1 TP: 31900 SL: 32100 Position 2: Entry 31387 TP: 31900 SL: 31200 Could possibly...
Bullish butterfly pattern appearing at 1H TF. We might bounce back again back to 0.0172 and retest the resistance. There is also a chance of a dip due to another hidden bearish divergence in the chart. If RSI goes below the green line then we might dip to 0.0155 or lower. As long as we stay above the green line in the RSI levels, SLP is still bullish.
We've expected the dip to 0.0165 and lower than that. Hidden bearish divergence appearing at 1H TF. We might dip more to below 0.0152 or possibly lower. From there it is a possible bounce play to go back to 0.0165. If we break the RSI resistance levels we will most likely retest the resistance of the falling wedge pattern which is around 0.0172.
SLP might go back to around 0.0184 if RSI breaks resistance. If not then it might dip further to 0.0170. If candle closes above 0.0184 then we might go higher back to the previous high which is 0.0191. I'm favorable on the bullish side due to the bullish butterfly pattern.
In 1H TF, SLP might dip around to 0.0174 or even lower. - Hidden bearish divergence - Bearish butterfly pattern I’m just new to doing TA, so all i know right now are patterns mostly. Advices are appreciated in the comments, thanks!
There are a couple ways EURGBP could play out. It still has some room to go down judging from the RSI. If it tests the bottom of the larger pitchfork and start moving higher I will enter a long position with a tight stop loss.
USDJPY is still playing out as I expected. I will wait to see the D RSI to be oversold before entering a long position at the bottom of the pitchfork.
I entered a short on EURUSD after reviewing the overall trend, H4, and H1 charts with RSI. I think there's a lot of room for it to run here as long as I don't get stopped out first.
I'm watching USDJPY to test a couple S/R levels before returning towards the median line. The D RSI is not where I want it to be yet to open a long so I'll keep watching and maybe update this idea tomorrow.
Watching for a confirmation on the H4 and H1 for a good entry. After a few losses I started to solidify my system and the confirmations I'm looking for. -Set the pitchfork on the Daily chart and Weekly RSI -Does the trade coincide with the higher time frame trend? (If no then no trade) -Is the trade returning to the median line (If no then no trade) -Will the...
I entered a short on USDCAD after reviewing the RSI. I have a partial TP at the Median Line that will trigger auto Break Even.
I marked a large support zone from a weekly line chart and a small resistance zone above the current price. The H4 RSI makes me want to wait for the price to test the resistance zone before a retrace back to the centerline that the D indicates is in the cards.
Following the pitchfork down. RSI - I started putting the Daily and 4H RSI on every time frame. I think it's much clearer seeing the long term swings on the 1H and 4H time frames.
Pretty self explanatory here. Waiting for a confirmation on the bottom of the pitchfork before placing a long and waiting for it rising to the centerline.
This pitchfork is looking cleaner than it did last night. I think it will bounce off of resistance at 1.26733 and move to the bottom of the pitchfork. If the indicators, MACD and RSI line up I will take a long position back to the centerline. I'm going to keep looking at historical levels and might update this later. Watching a few other charts at the same time...