buy this pair if:
1- break of trendline
2- break of support
3- clear candle stick pattern forms after the break
4- break of the last swing standing ( grey rectangle)
it would be a great trade with a bullish divergence on RSI
reasons for sell if price breaks and closes below 0.67
1- Head and shoulders in orange ( break of neckline)
2- divergence on RSI
3-break of trend line
4-break of support
waiting for a candle close below our last swing standing ( in grey)
i am sharing my view for EURJPY on the long term :
1- trend line rejection
2- rejection of a support line
3- long wicks candles failing to close below support and resistance
for this reasons i will take this position trade for the long term as their are multiple clues suggesting a high probability of this pair moving upward.
-Objective inverse head and shoulders pattern
-Divergence on RSI
-Objective trend line break
we are waiting for a momentum candle close above our last swing standing around 125.10 to buy this one.
This trade is ready to go. you can buy when market opens (if the gap up wasn't big) or wait for a retest.
1- objective inverse head and shoulders pattern in orange
2- objective trend line break
3- small divergence on RSI
why would we buy this pair:
1- if price breaks above our last swing standing ( confirming break of trendline )
2- if price breaks above resistance
3- if price give a price action trigger on the break of the support
reasons to buy :
- if price breaks through trendline
- if price breaks through triangle
- if price breaks through support with a candlestick pattern
- divergence on rsi
reasons to sell:
if price breaks through the triangle and break our last swing standing
if price break through the trendline with a price action trigger ( candle stick pattern )
as you can...
on the weekly chart , it looks like gold will start rising to reaching 1300$ at the end of this year based on the divergence on the RSI on the weekly chart
will it reach 1500$ this lets wait and see. for now our outlook for gold its up with great probability.
as we are purely technical , we only look at what the chart tell us . and in this case we can see that there is a divergence on the weekly chart with the price sitting on a major support area, with rsi oversold.
reasons to look for ling on the pound ( position trading as this analysis is based on the weekly chart)
2- strong support
i only see 2 highly probable outlook for the usd index :
1- DXY will start going down in the next few weeks as the weekly chart is showing divergence , 61,8 fibo retracement and also dxy reached a major resistance level , and with a strong price action triger on the weekly chart , any good trader knows that it is a solid trade to take , however we know that...
how about a change of pace , lets analyse today EURUSD in the next year , whats the probable outlook :
1- price is sitting on a major support zone on the weekly chart
2- divergence RSI on the weekly chart and RSI also showing the currency is oversold
3-great PA on support , an engulfing candle showing that buyers are stronger then sellers ( wait for fridays close...