Fomenka

Fomenka

trading in triangle. Pinbar + bullish negative divergence of RSI.

Fomenka

looks like one more move down. Divergence with RSI has been there for long so I am not really sure about this one. However RSI feels quite relieved, perhaps it will allow one more leg down without going below 30.

Fomenka

Can go both directions. Using trendlines and support levels to set TPs.

Fomenka

bearish outside candle + break of the triangle to the downside

Fomenka

broken and retested level level of support/trendline with bearish pinbar sticking out of them

Fomenka

excellent shorting opportunity. On daily chart there is an inside bar and dodgy against support level.

Fomenka

One more attempt to ride the coming thrust in USDJPY. I am bearish but have put buy stop order just n case.

Fomenka

Time to admit that you can't predict the direction.. So stop orders in both ways!

Fomenka

no particular Price Action patterns here but clear divergence of RSI and Elliottwave count

Fomenka

an attempt to short with very tight SL. RSI on 15m shows divergence. Price hit the upper side of the channel + 61.8 retracement. Resistance level and ElliottWave couunt.

Fomenka

Have opened a short position because price formed a bearish outside bar against the level of resistance + it broke the upward trendline. Will try building up a position if and as it goes down.

Fomenka

Elliott Wave count and triangle pattern suggest one brief move down. RSI allows for such interpretation (shall draw a divergence).

Fomenka

RSI indicates divergence which may be interim low. Yesterday the price fell sharply, stopped at 1.27550 support level and formed a little pinbar on 4H. I am not sure about the wave count but feels like we may have a relief bounce hence this buying opportunity. As this is a countertrend move I am entering with buy stop order and putting a tight SL. If price...

Fomenka

Looks like the price is consolidating before final move. RSI is drawing a divergence. On 4H there is a triangle and small pinbar against the interim level of support. Yesterday EURUSD fell quite a bit and with Tokyo open YEN may follow the pattern and make this final thrust before sizable correction down starts.

Fomenka

flash buying opportunity?? Sorry was in a hurry and was very sloppy with drawing (internet was slow and not reflecting what I was doing on screen)

Fomenka

another attempt to short EUR. TP 1,27550 - next level of support. Not perfect. The market is choppy. However there is a small pinbar against the level + RSI allows some downside. The weak side is that on smaller timeframes RSI does not indicate the move up is drying.

Fomenka

very short-term trade within a rising channel

Fomenka

looks like AJ is consolidating before sharp move down in 5th and final wave of the trend. Cofirmed by non-divergence of RSI. 200MA is capping the price providing the resistance. On weekly chart there is a series of inside bars. On daily there is a bull candle then dodgy, then bear candle bouncing of the 200MA and two inside bars.. looks like bearish setup. I put...