on monday GBP gapped down, and hence for EURGBP suddenly it spiked up. This happened to almost complete a 4 point ED channel. I am looking to short this on close below a 2 weeks flat high, sort of a bull trap. Still believe EUR is weak and shorting EG is with the trend imo. RSI shows divergence as well. If price cab go beyond 7889 first TP, then will look to hold...
still believing in this short. Previous position not SL yet, and currently new channel has appeared which shows h1 divergence as well. there is a sort of channel within channel, but the real move can only come if it clears ~ 87.12 .Adding on shorts at higher positions.
price broke the h1 channel. A pity that RSI was not able to show divergence, macd did however. Trigger should be on breakout of previous 2 days low.
several confluences come into this. I see a potential h1 distributive chart pattern hovering above a 2 weeks high. I am hoping that this pattern can smash this 2 weeks support. I have also identified some d1 line chart pivot as levels that I will like to see a convincing crush. that works out to a good close at ~9320. I have a h1 channel within a h4 channel. h1...
the usual stuff, i see h1 channel , divergence and a break above previous day high. I am gg for TP level at a f6 level, and a stop below recent low. Just playing off on NZD weakness
dropping for 6-7 weeks. I am looking to short NZDUSD with a nice resistance confluence of month low , channel confluence , a breakage of heads and shoulders, macd divergence. Looking for about 90-100 pips
on the h4 timeframe, I can see a possible right shoulder being formed and I will be keen to reenter on the downtrend via the hns formation. on h1, I will be relying on my usual channel setup, and looking for it break. I am happy when i see h1 divergence appearing. So far I have been short, then long and now short. Perhaps I have been playing all legs of NZDJPY and...
Too bad I do not have h1 data, as usually I will try to vizualize my setup in h1. currently there is a bear flag channel forming and close to completion. Upon break I will look to short, target till ~100 round number, give and take. Just a primitive play , trend folowing but still utilizing my usual setup to get in. I also have macd divergence on the h1 as one of...
8 weeks down and currently price is doing a wash and rinse of 4 days high, at f5 of recent downmove. I will take a bet that this week should continue the downmove. The trend does not end till it ends.
Going by weeks, it has been more than 10 consecutive weeks of down week. I.e each week, lower highs has been registered. I do not foresee how trend will be turning at this point of time, so I will be playing dumb and looking to short on f6 of the most recent flow. My stop will be placed above previous week high. I am prepared to ride it should it breach previous...
I just saw that it had been 7 weeks straight down and I shorted at f6 retracement. Week by week the trend had been very stable but the moment I shorted price shot up. Will monitor and see.
GJ is still an up for me now. I have short bias but I will be need to be patient and only consider short again when price reaches the circle, which has the pincer channels in place, together with f6 and divergence. Till then, still monitoring this setup.
LTF h1 bull flag broken at the bottom with macd divergence. I am using RSI instead as macd is not provided here.
macd divergence with a 1234 WR , and now bull flag completed.
there is macd divergence and a channel break if can break above yesterday high then will be good.
I am very interested in this big pattern play. ON Day Chart there is a huge ed channel, near fib5 retracement of a large downflow. Purple box denotes a 4 weeks flat high. I am monitoring for a sign of bull trap/ distributive chart pattern to short this when it goes below this 4 weeks high level. on h1 i see a rising channel with higher high, but yet on the rsi (...
Resistance confluence of: h4 ED channel top. Breaking above implies a strong risk-on mode, and stocks should continue higher. h1 channel as well, with macd divergence, currently at top. there is a fakeout wash n rinse of 2 weeks high. Hoping to see this bull trap as a sign of rejection. I triggered my short after Stevens' speech, although I am not exactly sure of...
looking to play off a potential right shoulder for AUDCAD i have set a RRR of 1:2.5, looking for TP at neckline Price seems to have exited the h4 channel but still being flattish. Time can only tell if this exit from channel to lead to subsequent downmove.