Would scalp it on the slightest pullback or even enter a small swing as it comes back to the red cloud. Always wait for confirmation of a pullback first though you never know how long it can keep falling!
EURUSD has been trending lower for a while. It should bounce around 1.1390/1.1420 zone close to the harmonic potential reversal zone from the ABCD pattern and the extreme impulse wave. The RSI is diverging with the currency pair arguing for the exhaustion of the bearish move.
USDSGD is reacting from its channel and the first part of the Extreme Impulse Wave harmonic pattern which should lead us towards 1.3440 from where a long opportunity could be established. Hopefully the RSI-ATR indicator should be close to support by the time we reach 1.3440 the potential reversal zone of the harmonic pattern and the lower part of the channel.
A very promising shorting opportunity at EUR JPY after a recent H&S pattern formation. Targets above the right shoulder and targets around the 130.91 level as this is a level where the price consolidated in the past. We also have the 50% retracement confluence after taking into consideration the most recent swing high to swing low. If we pay attention to the RSI...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on October 1, 2021 with a closing price of...
The full analysis is well worth the read. CCI signaled BUY 2 days ago. The delay in upward movement is between 1-3 days (the median delay is 1 day). We are beginning the third day today which means upward movement should be imminent. Of the 15 times the RSI algorithm has signaled on the daily chart has lead to the stock rising a minimum of 11% over the next 35...
This strategy is working the 15M time frame. Trade has been running for 45 minutes at time of writing this idea. Seeking the green line which is take profit target. Trade label shows entry values and purple line is stop loss. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 9, 2021 with a closing price of 39.20...
Big falling wedge forming on CLSK- some support and resistance levels to keep an eye on. Bollinger bands are squeezing (not pictured) along with CLSK nearing the oversold range on the RSI - will be looking for a breakout from this falling wedge.
Our RSI reversal strategy has enter a long trade running on EURNOK overnight. This is a new strategy script we are trialling at the moment based on reversal trading using RSI as a one of the main contributing confluences. New trade details are shown on the chart and we are working the 15M time frame. Take profit is the green line. Pink line is stop...
Our RSI reversal strategy has a long trade running on EURNOK. This is a new strategy script we are trialling at the moment. Last trade included on the chart to show how this works which hit the desired TP target. New trade details are shown on the chart and we are working the 15M time frame. Take profit is the green line. Pink line is stop loss. Trade...
I Have anticipated that BTC is bearish, and it was true. BTC got rejected from 41 k down to 28k. But right now the RSI indicator is what that concerns me. I think that BTC must see prices under 28k in near future because of my last analysis, but, right now there is a small chance that Bitcoin rise again for higher targets.
My last chart's thesis has not changed (). I called for XRP to reach ~$1.50 (when it was at $1) followed by a large retrace back down to the $0.75-$0.50 range which would set up a move toward (and beyond) the previous ATH. In this chart, I'm highlighting the only 3 times the daily RSI has closed below 30 since XRP bottomed in March 2020. The previous 2...
ETHUSDTPERP - Looking like a Rebound signal buy for a short time, RSI Oversold in 1 hour timeframe, currently riding elliot wave 3.
Evening again traders. This part two of my trade ideas on how I've trade the gold drop on the 15M chart in the last 24 hours. Part one can be found here. The strategy shared in part one was a trend based strategy with solid returns based on following the trend with a stop loss. The strategy only had a 24% win rate but still had a proven record based on 100...
Nearing the PCZ of a second Bullish Cypher on the Daily at Monthly Support/Resistance while showing MACD Hidden Bullish Divergence on the Daily, a slightly Oversold RSI, and a Stoch RSI the looks like it will have no choice but to cross upwards very soon. I think so long as we manage to stay above the 0.886 Fibonacci Retrace, the trend should stay intact but if...
We see the Ichimoku cloud holding so far with a wick to the 200EMA and bounce. The last time we found the bottom of the daily chart ichimoku cloud was way back in October of last year and we found support with strong bounce to start big bull run. The difference between this time and back in October is that this time we find a descending RSI with lower lows. The...