EURUSD Short Trading SetupYesterday EURUSD H&SH pattern trading idea has not been completed as H&SH pattern was violated. Now in this video setup we using RSI divergence Trading Strategy to short EURUSD. This video is based on my trading plan, that i wanna take an opportunity. Also you may learn on how to trade RSI divergence in this video. This video at the same time and trading plan and educational video analysis
Oscillators
TRX/BTC - Consolidation and/or Breakout (20-80%)Hi all
TRX/BTC looks to have established itself in a new consolidation trend after a sustained downward bearish movement. Bulls have definitely re-entered the market and halted the price decline, and we're also sitting at a strong level of support that has been tested multiple times over the last 2 months.
My personal recommendations:
Enter at the 0.00000435 level.
Stop loss at or below 0.00000405 (6-7%)
Look to take initial profits at 0.00000535 level (23%). This could either be in full, or 50% profits.
Then look to see what happens from there. Price will either hit the consolidation resistance area and move back towards the support zone, or it will try and breakout upwards. Re-enter the trade if a breakout is confirmed.
Hope that helps!
Cheers and good luck,
RJR
EURUSD 4H Range TradesPrice in range
Far left range top has divergence followed by bearish movement to range bottom
Range bottom meet our RSI 80-20 reversal rules follwed by a bullish movement to the range top
Macd showed example of over bought and oversold stochastic levels
Buy and Sell stops listed on chart
Take profits are listed on chart.
Any questions on RSI 80-20 or my dual Macd/Stochastic indicator PM me
Happy to help
XVG/ETH - Big Breakout Support & Resistance (2 Hour Chart)
BINANCE:XVGETH BITTREX:XVGBTC BINANCE:XVGBTC
All,
Just doing some double checking on XVG. I know for some it feels like an eternity since it really has any big moves in one direction without diverging back and breaking even. I think here in the next 3-5 Days we might see a 30-40% gain. Video says most of it.
*** REMEMBER SUPPORT AND RESISTANCE LEVELS ARE STRONGER THE HIGHER TIME INTERVAL YOU GO. MEANING 2 HOUR SUPPORT LEVELS WHEN BROKEN ARE NO JOKE***
What to check for:
-RSI / MACD / MAs to align and reverse
Alerts I would set
Lower alert (breaking support): around the 0.0000630 area so if it hits this take a quick glance and see if it broke that green uptrend support.
Medium alert (breakthrough #1): set another alert around 0.000066ish area this will be a breakthrough resistance line. Once it breaks this we could see a big quick run all the way to 0.000068-69 or even bust through that one since it appears to
Important Alert: 0.000070-72 if this alert goes off be ready to place big bets because its already breaking any resistance level it has left until 0.000084ish area.