RSI is already indicating oversold conditions, which means that sellers might be feeling exhausted from the dive. This oscillator has yet to pull up to indicate a pickup in buying pressure, though. If that happens, EUR/GBP could still make its way back up to the swing high around the .9300 mark. But if the pound stays strongly supported, the pair could find its...
All details presented on chart. I will follow up with this and post findings few months from now. Please like if you agree with the idea. As always please comment if you have thoughts :) Thank you!
EURUSD needs correction. Weekly RSI is in the overbought zone again October-November is the best time to correct Extremely negative dollar sentiment Targets 1.1750 and 1.1520
4H chart - EOS hits the bottom against ETH. Shortly we may be seeing a double-bottom confirming bullish reversal. RSI shows bullish divergence. Candles may cross the Ichimoku cloud upwards and so we may have confirmation of buying opportunity in the long term. Profits can be taken at different resistance levels and even swing trading can be an option to further...
See the chart for trade details
GBPJPY daily has just crossed the EMA(50) which is a clear confirmation signal that trend will be reversing to up-trend. A retracement to 143 level will give us a good entry for long order, with SL right below the previous support line. I don't believe it will be good to buy now as Stochastic indicator is now nearing the oversold territory.
Hey, traders. Here on the GBPUSD, we have a great example of a CTS type of trade. This market is at a previous HTF level of structure. It has also gone overbought on the RSI on higher time frames. Now, that alone is not enough reason for me personally to enter a trade, but taking it down to an hourly chart, here we have a nice double top. This double top looks...
Chart says it all. Look for us to bounce off that price action trend line along with the RSI bouncing off that orange line created from the last low. If we do bounce look for volume and candles to confirm. If you like this chart and agree please like this idea. Comment if you have any input. Please and thank you.
We have double top with RSI being overbought and RSI divergence on 240m chart. Price is at the .886 fib level with structure on Daily timaframe. aggresive SL is within the structure provides better risk/reward. conservative SL is above structure so there is higher win% probability. Targets at 0.382 and 0.618 fib levels.
Chart says it all. Normally this is a very profitable setup for me and I would take this trade in a heart beat. However the last 4 candles catch me attention and make me weary. I will not take a position on this. Instead I will follow this and see what I can learn. Volume price analysis can tell us alot going forward. If you like this chart and agree please...
Watch the RSI with #9 setting to rise above 70 line to show that there is bullish momentum to carry price up to the 100 sma. MACD is over=extended long so price may only make it halfway through this space and fall back to the 50 sma. Then price will continue through the space up to the 100 sma. I entered the trade on the candle that closed above the 50 sma. My TP...
Wow, this one could be good. Let me know your thoughts please RSI and MACD strategy come from Eric Muathe Teachings (youtube)
Lots to learn from this chart. Notice how I am using the RSI----> Top side trend line breaks. I am using the 14 period on the RSI. Normally I would use the 26 for this time frame. But 14 worked well here. I will compare to the 26 period here in a minute Only listen to MACD zero line crossings and signal crosses very close to the zero line Wondering if the...
Many things to note here. Many things coming together Heres what to look for on a breakout 1.) Price action breakout 2.)RSI breakout(step in on the first rsi break) 3.)volume should confirm 4.)MACD zero crossing with trend line break is ideal ----------------------------------- I think the volume seen recenty is really interesting. If anyone has any comments on...
Break down occurred once the blue support box was violated. Showing signs of a pipe bottom right now------> id consider buying
$ECA is nearing a setup. I wouldn't quite say that it is the best setup at the moment due to the angle of the "price action break out line I drew. I think ECA will stick more so to the wedge formation rather than break out now. However we will see. Both are possible. RSI line is drawn using the "uniform action" method. If you would like to see more of the idea...