Price is rejecting the blue resistance area with a RSI divergence.
Price is showing a topping pattern with price rejection at the 2nd low.
Prices has reached to form the right shoulder and with a RSI divergence, this is a good opportunity to open a short position. Cut lost just above the head and risk:reward 1:2.
Scenario 1: Long EURAUD when reaches first level of support
Scenario 2: Cut loss on break of support and wait for price to reach level 2 support.
Looking to short when price reaches around the blue shades area. With cut lose above the head.
USD/JPY is making a move towards its 20SMA. Look for a crossover with conviction across 20SMA and open a long position.
As of writing, price has already broken scenario 1 support.
Price is in a consolidation range and once price break above the blue support, go LONG.
Gold made a RSI divergence during the BREXIT rush and currently is in a range. Short when lower support is broken.
Looking for price to hit 1.534 ~ 1.535 to open my short trade