This pair is currently testing a strong resistance, which lines up nicely with fibonacci 61.8. The pair is also overbought (RSI 14). My stoploss is at 1.248, which is above the channel and above the fibonacci 76.4, giving the pair room to move, but will close out in time if the marked move too much. Will move SL when the pair has crossed below fibonacci 50. Take...
After the interest rate decision and the dovish tone from Yellen we have seen the price in Gold spike back up to resistance dating back to May 2016, i will be looking to short gold at 1240 should it respect resistance or look for a bearish candle on the daily close to see a sell off back to 1200, the dollar index will also be a key tool to decide price action.
Both RSI and MFI are picking up, looking for XAUUSD to rebounce further. Previous CUP has been working great.
My Friend Gartley pattern has emerged on the FX:EURUSD on the 60min chart. Stick to your trading system and use this a to highlight your strengthens. Also; make sure you have proper stop loss or risk management system implementation in. Remember friends no revenue leakage! Cheers and Happy Trading EDub
Hi guys USOIL looking nice sell setup wait for the breakout to enter trade
Exelixis has come to a stop after many months of upward movement, it is now consolidating around 52 week highs, and I am looking for a short opportunity on a large pullback. Reasons: - Class A bearish divergence on the weekly & daily chart (RSI, MACDL) + Acc/Dis (Daily only) - Accumulation/Distribution line has dropped below the 9EMA on the daily chart. The...
That break will be confirmed if the pullback stops on the 50-61,8% fibonacci. Then, short opportunity will appear.
Shorting due to a Wolfe Wave from the green zone. Confluence is the ABCD pattern and RSI divergence.
While I'm not a huge fan of scalping and would much rather medium to long term trades, I thought I'd share the potential formation of a bullish butterfly pattern on EURJPY that some of you might like to take. The target seems to be a very strong one that is supported by weeks of past data - which when paired with the RSI that seems to indicate a reversal - means...
I have used pivot point analysis primarily combined with fib to notice a reversal that may take place. Price has lined up well with R2 and my weekly resistance which is also 0.5 fib resistance! Using the RSI, I have also seen that USD has been overbought which signals a reversal. I will now move down to the 1 hour chart to get pin point entry and ride this trade...
This Bearish Bat have to many things already alignment for a bearish purpose.
Bearish triangle has formed in hourly frame. Waiting for a breaking below that patter to open short.
Price has rejected moving average. Is very relevant to have a close below that level. If it happens, we can wait a bearish movement, and a breakout of that bullish trend.
Long USDCAD over high base w/ SL under support on the hourly. Full position.
Hi guys , AUDCAD in nice short formation with doji,watch for the break out to enter short gud luck
EURAUD has completed a Bullish Bat pattern on the 1H timeframe. RSI recently over-sold. I will enter upon the close of a significant Bullish Engulfing candle. SL set below previous lows. TP1 set at 38.2%, TP2 set at 61.8% Fibonacci retracement level.
AUDCHF has completed a Bearish Bat pattern on the 1H timeframe. RSI recently over-bought. I will enter upon the close of a significant bearish Engulfing candle. SL set above previous highs. TP1 at 38.2%, TP2 set at 61.8% Fibonacci retracement level.
USDCHF Has made a dobbletop, with bearish rsi-divergnce. This trade gives us a very good rr, which I always like to trade.