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...
Looking at a double top at previous structure resistance here on the EURUSD to continue our TCT on this pair. We've also had the RSI go overbought on the initial test while showing divergence on the second test. We've been watching for this level all week in the Live Room and Jason Stapleton just added it to his radar as well. So Syndicate members, make sure you...
Hello Traders On the daily timeframe we have a pennant pattern. We are expecting price to react at the trend-line resistance and with confluence of a zone of structural resistance in this area. Going into the 4hr timeframe, we have a Bat pattern which completes at 161.77. This is where we enter short. Furthermore, we will be keeping an eye on RSI for continuing...
This bearish gartley pattern talks by himself .The Rsi is overbought and have a divergence condition,the strong bearish trend and the doji candle in D chart is enough to get involve in this particular trade but leave just before the nonfarm news release just in case .
Just another opportunity with 3 confirmations 1.overbought RSI (DEFAULT) 2.AB=CD 1.27 Extension 3.BCD leg = Butterfly pattern in h1
Hello Traders, We have a potential Gartley pattern forming on this pair completing at 1.606. Price has currently been moving sideways on the daily time frame. Looking at the weekly time frame, in the near future I am expecting a break of this sideways movement and a continuation downwards. We also have a few other confluence factors: 1. Minor resistance 2....
Bearish Harmonic RSI Stochastic Bollinger bands
1.Daily MACD hidden divergence and zoomed to H4 MACD hidden divergence. 2. HH, HL formation. 3. RSI is Overbought. 4. 50% Fibonacci Retracement. 5. Strong daily resistance zone.
GBPJPY is trading close to 61.8% fibonacci on a 4h chart, which has previously been respected multiple times. EMA 200, which also has been respected as a resistance, is close to the fibonacci 61.8, and RSI is close to being overbought. All this, accompanied by the fact that the candle is a shooting star makes me go short on this pair. It could however be wise to...
This bat pattern is getting very close to completion for a midterm bearish trade from a symmetrical triangle that I successfully traded as well. The RSI is approaching an overbought condition, which will hopefully be reached in the next few days, supporting the case for this bearish pattern. I have placed a stop loss based on previous structure (I am exploring...
EURUSD is nearing the PRZ of a bearish bat in a significant area of S/R. MACD is also printing divergence in addition to RSI being overbought. A missed weekly pivot sits below price and is confluent with a larger .5 retracement. Entry is placed at the bottom of the PRZ with a SL above 1.13XA and targets at .618CD and the missed weekly pivot. Confluence in the...
AUDJPY has completed a bearish Wolfe Wave setup in the PRZ of two confluent bearish harmonic crabs. RSI is overbought and has printed bearish divergence. To add to bearish bias, two unhit pivots sit below price. SL is placed above the PRZ with target at .618CD (yellow crab). Confluence in the PRZ: Two bearish crab patterns complete Bearish Wolfe wave...
AUDCAD is nearing a highly confluent zone of resistance. A bearish bat and a bearish crab are set to complete in a tight PRZ that may be contained by trendline and pitchfork resistance. A bearish Wolfe wave setup may also be completed in this area. To add to the bearish bias, two unhit daily pivots sit below price. RSI is overbought as well. Stop loss is...
The same thing, i had identified that area as resistance but i didn't had that much of evidence, and of course the R/R was good but not THAT good, and was safer to wait for a confirmation. Now, the price reached the resistance, went overbought and now is retracing, i would like to see a test the .7208 level again making a double top. But also an harmonic pattern...
Turning neutral and watching closely. I think good entry for e retracement IMHO - RSI & Stochastik with bearish indications and market is very overbought. - bearish engulfing and hanging man (confirmed with bearish engulfing) - spreads have been weak the last three days already indicating a trend change I am neutral with a bearish bias, but need more confirmation IMHO
Hi, guys. In this great trading opportunity I would like to share you my CTS. Hopefully this can give you a valuable insight and help you to add some more considerations to your trade plan. CTS : 1. Bat Pattern Completion (4 Pts) 2. ABCD Pattern Completion (2 Pts) 3. HT Resistance Zone (2 Pts) 4. 1.382 Fib Extension (1 Pts) 5. RSI Overbought (1 Pts) Total : 10...
To follow up on last week's EURUSD idea, the pair has finally reached higher level of structure that I liked during yesterday's Euro rally. We've now double topped at that level and have broken structure to the downside setting up for a potential 2618 opportunity for those traders looking for a conservative approach to get involved. We do have A LOT of news on...