Waiting for further confirmation, looking for a pullback and then go long. Sotchastics overbought, RSI crossing up through 50. Thoughts?
DXY re tested the 0,618 angle of the fan and is now showing signs of reversal. I started with small positions on EURUSD and NZDUSD. I will add more and think of USDJPY depending on the index on the following sessions. I believe we're headed towards 98,7 on the 0,5 angle, at which point it might reverse when the bat pattern completes.
#AUDNXD mat have completed A of (II) down and working on B up now, I would excpect the B wave to end as the RSI reaches the downtrend line.
I am short on the NZDUSD because of a Gartley formation and RSI going oversold (89) Entry at 0.73 SL at 0.73802 TP1 0.72047 I will put my sl to breakeven as soon as TP1 is reached. Trading 3 positions in total
Divergence, bullish engulfing and a break of the RSI downTrend line. This could be the start of a retrace up to the 1.1050 area. Lets see what the end of day brings.
Completion of a bearish Bat with RSI overbought.
Double top, RSI divergence, Structure at this point
this is what I see on TVC:USOIL chart : - trend line forming in the middle of parallel channel price crossing it could create hesitation. - RSI had similiar pattern but already brake out - ADX makes a lower high. This could indicate a sideway movement. should wait for new trend to take place
Last 3 bumps append about 34 weeks appart. We have past that but there is still some place for the price to move down around 20. I think this because RSI is not even in oversold zone(30-20) yet. The latest minimum was 28 we might see support at this point (around 30) Watch out for false bump.
Expecting price drop after channel breakdown, a bullish shark pattern waiting.RSI oversold
BLDP is currently ramping up production for buses/trams in china and is seeing a decent ramp-up in production for these orders. They also recently signed a deal with a Toyota subsidiary in japan for distribution and is expecting news soon. Chart wise--- If a new low establishes itself above 1.92 we could remain in this bullish uptrend
The USDJPY failed to sustain the intraday break above latest swing high and resistance Testing Previous swing high and resistance area among 104.30-104.50 The price formed a bearish engulfing 8-hour candle Bearish divergence on RSI Shooting star candle on the daily chart Targets are outlined on chart, my stop will be a candle closing above the recent...
Upward trend with a little down leg in the last few days. Hits Fib Level and gets rejected Blue line indicates past structure on that level Hits BB and starts a green candle Stoch Indicator shows upward leg on 4h, RSI as well Strong GOLD next week (AUD up), DXY going down (USD declining) GL :)