I have placed a limit sell trade at 1.5186 for FX:EURAUD 3 reasons: - Strong resistance down trend on the daily timeframe - Structure around that level - RSI on the daily chart moving almost to overbought Let's see
Keeping a close eye on USDCAD this morning as price action makes it's way into previous structure resistance. I like to call these areas of the market "Decision Points" because depending on how price action reacts at this level, I'll know whether to look for a long or short opportunity. If you take a look at the RSI we've become massively overextended (above the...
Taking into consideration the longer term view, we notice that prices has seen a reliable support being established near the 94 level. where we can see abcdpattern completed and a possible formation H&S the US Dollar could see another attempt to the upside 97.50. Let's see how the market reacts at this levels for further indications.
I have measured out a valid Bearish bat and it looks like it can potentially drop down to 1.289 soon. The RSI is also very high. The stop loss will be above the X leg. Stop hunting may occur so it is good to place at least a 70 pip stop loss. Lets see how this plays out :D !
Just noticed this trade guys. I'm not taking it because it's not yet part of my plan but it looks promising so deemed it worthy of a share. The risk reward profile has the potential to be high. Reasons: Big RSI divergence, Oversold RSI conditions, Doji reversal candle followed by good sized engulfing if current 15m candle remains as it is, Break of channel,we are...
The RSI indicating FX:GER30 being overbought so we could see a pullback to 10363. But if it breaks through the resistance area of 10705 then it could go to 10865. I will be in waiting position until we see a breakout.
Strong downtrend indicated from past analysis. major bullish price action have taken indicated by the EMA. Remember these are the 'past' prices, anyway first target is 1.2854 level if the down trend continues for a longer term i think it can touch the 1.278 level for sure. stoch and RSI confirming short overbought like crazy.
HELLO TRADERZ! SO THIS MORNING I IDENTIFIED A FEW KEY PRICE LEVELS THAT I POINTED OUT TO MY GROUP OF TRADERZ FOR A SHORT OPPORTUNITY. WE WERE LOOKING FOR A RETRACT BACK UP INTO PREVIOUS SUPPORT WHICH NOW SHOULD BE RESISTANCE. CONFLUENCE WITH THE 61.8 AND AN OVER BOUGHT CONDITION ON THE RSI. LET'S SEE IF WE HIT OUR FIRST TARGET AT AROUND 1.30300s.
+++ Don't forget to LIKE & Follow+++I've spotted a Bearish 2618 setup(with RSI being OB+RSI DIV) at market here on 1H, EURUSD. Stops above the higher high of that Double Top Formation and I'll be looking for a targets retest of the last cycle bottom.This setup is providing more than 1:1 Risk/Reward ration - a nice counter trend opportunity. If you wait price...
+++ Don't forget to LIKE & Follow+++ I have my eyes on potential structure trade on 1H, USDJPY - looking for shorts. If you look left you will see that price closed lower than PB (PullBack), confirming a bearish rotation in the market. We can clearly see a kill zone(blue box) between previous PB and structure - and it should come as a surprise for you that price...
The peak of the share had reached where its RSI is also above 80% and same levels were observed in last month July 2015. The same case will be repeated this time also.
Information on Chart. Good luck.
EUR/JPY, 2H Chart. RSI (9) + EMA (21,RSI) RISK REWARD RATIO: 5.14 Overbought condition in RSI indicator. Short entry @113.61 TakeProfit @111.50 Stop Loss @114.06
-Mkt broke down to new lows and is now retesting broken support zone -Mkt testing confluence of 50 retr & structure with RSI reaching overbought -Aggressive short opportunity at 134.00 area -More conservative short opportunity within Bear Cont Zone with Stops 1atr behind the 139.00 invalidation zone -Expectation is retest of low of trend around 128.50 and...
The pair completed a bearish Shark and reacted to the PRZ, we are right back at the PRZ for a Type 2 test. I also see a smaller bearish Butterfly pattern completing at about 0.7950 Both the H1 and H4 RSI reaching the OB zone
After the RBNZ announcement cancelled the last NZDCAD short, a new opportunity has presented itself. A bearish WW has formed with the touch of the 2-4 parallel confluent with the 50% retracement level. We also have a potential E point of an expanding triangle complete which may mark a larger reversal from these levels. On the daily chart, the pair is contained...
For those of you swing traders there is a nice trading opportunity - there is bearish 2618 on NZDUSD, Daily time frame. If you enter aggressively you will get more than 1:2 R/R. Switch to Lower Time Frame(4H) and you will see that there is Double Top with RSI OB - look left and you will see a structure level. On daily we are in bearish rotation with a NSL in late...