- Price recently on an uptrend after the Stochastic Oscillator and RSI on 4-hr and hourly chart indicated pair was oversold - Price broke through recent resistance and consolidation zone - Failed first retest but managed to break upper limit again for a successful retest on resistance turned support and EMA (25, close) Trade Entered
Wedge on daily chart Could short with SL above upper limit
- Price recently on an uptrend after the Stochastic Oscillator and RSI on daily, 4-hr and hourly chart indicated pair was oversold - Price broke through recent resistance; currently testing zone as support - Wait for bullish candlestick to indicate pair will sustain the break and continue on uptrend
- Pair broke out of zone of the downside - Currently testing support as resistance - Pair was recently overbought on both RSI and Stochastic Oscillator on 4-hr chart For a safer trade may want to wait until pair tests EMA (25, close) or a strong bearish candlestick closes
- Pair neither overbought nor oversold - Recently crossed EMA (25, close) and tested as resistance - Wait for bearish candlestick
- RSI and Stochastic Oscillator indicating pair is overbought - Pice managed to close outside of recent consolidation zone but has yet to retest
- Stochastic Oscillator dwelling in overbought territory - Pair possibly in a downtrend
- Stochastic Oscillator indicating pair is overbought - Pair broke strong resistance and successfully retested, may be an indication that the uptrend will continue
- RSI and Stochastic Oscillator both indicating pair is overbought - Pair approaching strong resistance 149.5 (price has been unable to cross and close since May 2018)
- Oscillators approaching oversold territory - Price closed at previous resistance, may function as support now
Once price crosses previous resistance now turned support then you should be looking to short Pair has already tested neckline of double top structure
- Neither overbought nor oversold
- Ranging - Stochastic Oscillator chilling in overbought conditions
- Consolidation - Pair neither overbought nor oversold
- Indecision in the market at resistance
- Price consolidating at previous resistance - Overbought on Stochastic Oscillator - Possible Double Top in the works of being formed
- Reversal candlestick pattern suggesting beginning of a downtrend after pair came from a sustained uptrend, made new yearly highs and had double confirmation of being overbought on the Stochastic Oscillator and RSI - Wait for break and retest of previous resistance, now turned support and EMA (25, close) on the downside
- Price neither overbought nor oversold