Keep it simple pals !!!!
Updated
-trend lines
-1year Fib levels
-RSI 14
-Support and Resistance
RSI14 divergence on H4 suggest that the uptrend is losing momentum as you can see in past examples highlighted on the chart....
Scenario 1: break below 1338 would confirm this analysis so: enter trade at 1337 with SL at 1343-44 and TP 1329-28 (1h-4h time frame)
Scenario 2: break above 1347 would invalidate this analysis so: enter trade at 1348 with SL at 1343-44 and TP at 1356-1358 (1h-4h time frame)
Scenario 3: break above 1347 in order to test 1356 o.00% Fib 1 year level so after closing trade of scenario 2, enter again short with SL above 1360 and TP around 1337-1340 support. (1D time frame)
No news to watch, only price action, good trading to all of you !!
-1year Fib levels
-RSI 14
-Support and Resistance
RSI14 divergence on H4 suggest that the uptrend is losing momentum as you can see in past examples highlighted on the chart....
Scenario 1: break below 1338 would confirm this analysis so: enter trade at 1337 with SL at 1343-44 and TP 1329-28 (1h-4h time frame)
Scenario 2: break above 1347 would invalidate this analysis so: enter trade at 1348 with SL at 1343-44 and TP at 1356-1358 (1h-4h time frame)
Scenario 3: break above 1347 in order to test 1356 o.00% Fib 1 year level so after closing trade of scenario 2, enter again short with SL above 1360 and TP around 1337-1340 support. (1D time frame)
No news to watch, only price action, good trading to all of you !!
Trade active
entered 1337 will tp1 at 1331, tp2 at 1329Trade closed manually
close manually at 1332 as momentum decreased....happy trading to you all :)
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