EURGBP GOING NORTH TARGET 1 : 0.8165 TARGET 2: 0.8413 RSI ALREADY BREAK TREND LINE STOP BELOW 0.7750
DXY CYPHER FOR AGGRESIVE TRADER: SHORT DXY AT 88 LEVEL STOP ABOVE 90 TARGET 0.382, 0.618 AND 0.786 RETRACEMENT FOR CONSERVATIVE TRADER: LONG DXY AT 76.00 THE 0.786 LEVEL
HOW TO USE RSI TO TRADE? 1H RSI BREAK THE TREND LINE PRICE ALSO BREAK TREND PRICE RETEST THE NECK LINE AND BULLISH REVERSAL LONG AND TARGET 80.24
AB=CD complete a rally is expected to retest the 0.8640 area
silver reach the lower channel with RSI oversold for aggresive trader , long position can be put at this level stop below 15.20 target is the upper chanel.
NZD back to chanel with horizontal support at 0.7700 now the nzd has retested to lower side of the chanel possbility that it went tup to test the upper chancel is very high. already longed this pair with gartley pattern entry at 0.7730 once break out the chanel, i will add another long position
FAILED MAKE A NEW HIGH. A PULL BACK IS NEEDED IF BREAK THE TREND LINE FURTHUR DROP
UPDATE 3 Initial position was stopped out at 16.45 but DXY did not make a new high, quite strange . Then it falls significantly to 16.30 which is 1.27 ext and found some support. I re-entered long position at 16.35. stop below 16.10 RSI is making a bullish divergence.
Update 2 I filled ANOTHER 1/3 POSITION AT 16.65(limited order) I mannualy long my last 1/3 position at 16.60 NOW i have completed building my positions As long as my stop of 16.45 is not triggered I will continue to hold these position and wait for my target
REAL TIME UPDATE: ENETERED MY FIRST LONG POSITION AT 0.786 16.90 1/3 POSITION will continue to update for this trade
CYPHER AND GARTLEY COMPLETE AT 1.2582 AND 1.2545 NOW EUR IS IN A UP CHANNEL HOWEVER THIS IS A TREND CONTINUATION PATTERN BE PATIENT IF YOU WANT TO LONG EURO WAIT FOR THE 0.786 AND 0.886 AREA AND RSI CLOSE TO OVERSOLD CONDITION AS WELL GOOD LUCK!
UPDATE OF MY YESTERDAY'S VIEW NOW BREAK TREND LINE 174.60 SHORT POSITION IN MONEY 30PIPS CONTINUE TO HOLD
SHORT GBPJPY AT 175.60 RSI BEARISH DIVERGENCE STOP ABOVE 175.10 TARGET 169.45 FOR A BULLISH CYPHER COMPLETION
short at 108.20 , stop above 108.50 aim for 0.786 retrace where a cypher complete