- rsi approaching over bought - daily rsi is showing bearish divergence - price has already bounced of the weekly resistance level at 0.81000 - entry at .786 fib - T1, T2 and T3 at .382, .618 and 1 fibs - I expect atleast T1 to be hit as price deviated from 20 ema on 4hr chart
- bearish bat - rsi approaching over bought 15 min chart - higher price has been rejected about 4 times - RSI divergence on the 4hr chart - RSI is overbought on the Daily chart - relief should be coming soon after this correction period, price could be shorted to 148.200 - price deviated from 20 ema on 4hr chart - price has also reached weekly resistance from 2013-06
- rsi approaching over sold - previous eurusd gartley hit sl but the entry of this cypher is in confluence with the 20 ema on the 4hr chart - entry at .786 - T1 at .382 fib and T2 at .618 fib
- rsi oversold on 5 min chart - great R:R - T1 and T2 at .382 and .618 respectively - entered late on the retest at .786 - Possible better entry at 1.272 extension
- rsi approaching over sold on 15 min chart - cypher entry point in confluence with support level (grey) - T1 and T2 at .382 and .618 fib
- rsi approaching over bought on 5 min chart - approaching resistance (grey) - T1 and T2 at .382 fib and .618 fib - entry at .886 fib - this is a counter trend trade as my bias remains bullish for USDCAD
- rsi approaching over bought - .886 fib entry is in confluence with the resistance zone (grey) - T1 and T2 at .382 and .618 fibs
- confluence of weekly resistance with .786 fib entry - rejected this weekly resistance previously three times - RSI is approaching oversold - T1, T2 and T3 are set at .382, .618 and 1.00 fibs - However I may extend T3 if it seems likely for further downside.
- rsi approaching oversold - entry at .786 retrace - T1 and T2 at .382 and .618 retrace * 4hr chart shows price action needs to retrace back to the 20 ema but may have further upside before going down. However, my bias remains bullish on this pair.
- 786 fib entry meets the 20 ema resistance on the 4hr chart - in line with the current bullish trend - targets at the .382 fib and extended targets at .619 fib
- rsi nearly oversold - entry at .886 fib - only target 1 at .382 as the overall trend seems bearish at the moment
- confluence of bullish cypher entry point with daily resistance - targets 1 and 2 at .382 and .618 retracement
- bearish cypher potentially - targets 1 and 2 at .382 and .618 - 15min rsi heading to oversold price deviated reasonably from 20 ema on 4hr chart so relief soon maybe.
- price broke up from flag pattern - retracing now - potential cypher pattern to further upside - targets 1 and 2 indicated next to the pattern
-daily rejection candle formed -hitting rsi resistance on the daily chart -long overdue a retrace back to the 100 point sma -bounced off the weekly resistance at 1.34 -i was late on the entry hence the larger stop loss.
-confluence of two fibs -combined with hitting of a resistance line -the two factors left for me are that the rsi hits resistance on the line drawn and that the API weekly pushes price up to 52.52 where it may fall from there! - stop loss set just above the 886 fib at 52.90 Trade with care
each time USDCAD broke the inner uptrend of the channel it retraced back to the 786 fib before continuing further down. assuming it will do the same again with the help of indicators and a rejection needle to confirm it it should retrace to the green zone which hits a major 618 fib - 786 fib zone. trade with care :P
- i missed the initial break of the downtrend but placed a buy with stop losses just slightly below the channel support - rsi is emerging from oversold - expecting a 618 retracement before any further upward movement.