Rsioversold
AUDCAD now it's a buyHey guys,
yesterday we took profit of our last AUDCAD trade that brought in more than 150 pips (see attachment). Now i changed my mind about this pair being the recent movements price has made. As you can see on the left hand side of your screen on the daily timeframe price is testing a daily structure level that acted as support. Being the case, we expect to see some difficulty breaking through. In the lower timeframe (4H-right hand side) price's put an engulfing candle with RSI OVERSOLD, right at that level which happens to be also a psychological number.
With all those conditions met i think this could be a good opportunity to buy the market hoping for a retest of the higs at 1,070.
Good luck!
If you have any question, feel free to write below.
Otherwise, see you in the next chart!
Gartley & AB=CD on USDJPYHey guys,
i want to shar with you some analysis on USDJPY.
Here we have a Gartley already completed and a AB=CD pattern right at the same level. Besides, we also are in an OVERSOLD condition and we can see some structure to the left.
I've outlined a small box where i'm looking for long entries in form of double bottom or engulfing kickers.
However, if you're a pattern trader, you can buy now the Gartley.
It's up to you.
Feel free to comment below for any doubt.
Otherwise, see you in the next chart!
USDCAD FOR BETTER Risk/ Reward ENTRY AT STRUCTURE!Looking at USDCAD we see that the RSI is heavily oversold. I am long in the gartley pattern since 1.2837.
For those traders how might have missed this pattern, you get a second chance with much better RR ratio.
Remember you follow your plan!
Best of luck, Felix.
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