Hey guys, this is a counter trend trade on USDCHF, so do not take it if it doesn't respect your own rules, it respects mine so i've decided to share with you. The yellow box represents a former daily level of structure, that acted as resistance in the recent past. As of now, price is finding troubles breaking through it, even if it seems to be a strong move. RSI...
Hey guys, we were waiting for a nice selling signal on this pair, and maybe this is happening. Price has reached another key level of daily structure and the RSI is in divergence on the daily as well as overbought on this timeframe. Moreover you can see price action has given the first signal of rejection with a pinbar (long wick to the top) that could be...
Hey guys, we were waiting for a nice selling signal on this pair, and maybe this is happening. Price has reached another key level of daily structure and the RSI is in divergence on the daily as well as overbought on this timeframe. Moreover you can see price action has given the first signal of rejection with a pinbar (long wick to the top) that could be...
Hi traders, today on CADCHF price is coming back to retest a key structure area where we can look for selling setups in order to follow the latest trend here. As you can see it's like an ideal setup, when you see price breaking a support that then turn into resistance and push toward a downward continuation. Of course, we need some sort of signal in that zone,...
Hi traders, today on CADCHF price is coming back to retest a key structure area where we can look for selling setups in order to follow the latest trend here. As you can see it's like an ideal setup, when you see price breaking a support that then turn into resistance and push toward a downward continuation. Of course, we need some sort of signal in that zone,...
Hey guys, very few trading opportunities today on my radar. Here is one of the most interesting, we're on the daily chart and it's clear to everyone that we're about to make a decision. The structure you see looking left seems very important, and also the RSI way overbought make me think it's going to reverse. Nonetheless, you don't want to short such a trending...
Hey guys, very few trading opportunities today on my radar. Here is one of the most interesting, we're on the daily chart and it's clear to everyone that we're about to make a decision. The structure you see looking left seems very important, and also the RSI way overbought make me think it's going to reverse. Nonetheless, you don't want to short such a trending...
Hey guys, this chart is the hourly chart on USDCAD but my analysis starts as usual on the daily tf where we had a nice engulfing candle at previous resistance with RSI overbought condition. This give me a nice background to look for selling signals. As we go down on lower timeframes you can see the engulfing candle represents a sharp impulse to the downside that...
Hey guys, this chart is the hourly chart on USDCAD but my analysis starts as usual on the daily tf where we had a nice engulfing candle at previous resistance with RSI overbought condition. This give me a nice background to look for selling signals. As we go down on lower timeframes you can see the engulfing candle represents a sharp impulse to the downside that...
I've currently got a GBP/JPY setup looking to jump in on a long position if I see price break and close above the weekly resistance level 148.000. ABCD pattern could complete at the 141% fib extension level for its D completion. RSI is extremely over brought so we could see a retracement before it continues to rally up to the 141 ext.
Hey guys, i've decided to use two different charts so that you can understand my process of reasoning. On the left hand side of your screen there's the daily chart on EURJPY and the uptrend is crystal-clear. However, we know that price usually doesn't move straight up or down, instead it creates retracements along the way. So this is obviously a counter trend...
Hey guys, i've decided to use two different charts so that you can understand my process of reasoning. On the left hand side of your screen there's the daily chart on EURJPY and the uptrend is crystal-clear. However, we know that price usually doesn't move straight up or down, instead it creates retracements along the way. So this is obviously a counter trend...
Hey guys, this is the 1hr chart on EURJPY. As usual my analysis starts from higher timeframe, where you may see RSI is in overbought condition, and price action is now testing a key level of structure looking left. With that being the case, i want to seek for short opportunities on lower timeframes such as 4hr and 1hr. On the hourly you can see a nice double top...
Hey guys, this is the 1hr chart on EURJPY. As usual my analysis starts from higher timeframe, where you may see RSI is in overbought condition, and price action is now testing a key level of structure looking left. With that being the case, i want to seek for short opportunities on lower timeframes such as 4hr and 1hr. On the hourly you can see a nice double top...
Hey guys, you can see my previous analysis on the attachment below. However, my intention with this pair is to short it, because price has reached the D completion point of a Daily Bat Pattern along with structure looking left and an oversold condition on the daily as well. I've already entered my short position and taken the first partial profit. So now i'm...
Hey guys, you can see my previous analysis on the attachment below. However, my intention with this pair is to short it, because price has reached the D completion point of a Daily Bat Pattern along with structure looking left and an oversold condition on the daily as well. I've already entered my short position and taken the first partial profit. So now i'm...
Hey guys, here as you can see on the left we've just completed a Bat formation, and also, price is in overbought condition. These two elements, along with the structure, make me think it could be the starting point of a reversal. As of now, on the hourly chart, price is creating a double top with RSI divergence. Let's see how the current candle close in order to...
Hey guys, here as you can see on the left we've just completed a Bat formation, and also, price is in overbought condition. These two elements, along with the structure, make me think it could be the starting point of a reversal. As of now, on the hourly chart, price is creating a double top with RSI divergence. Let's see how the current candle close in order to...