Strong downtrend. The price tested resistance and is currently at the daily pivot. Further downward to 1.06 if it doesn't break the trend line or shows any reversal indicators. EURUSD
Going long after a long time. Knoxville divergence and reversal indicator for confirmation. Indicator credits @RobBooker
An interesting Monthly chart of EURJPY
Again these trend reversal indicators are coming thru Thanks to Rob Booker!
Rob booker reversal indicator - bearish Rob booker Knoxville divergence - bearish Target S1
Warning!! Wait for the Bearish Reversal Indicator to pop up. Massive short ahead.
Enter today place SL at two candles above
This doesn't seem like much. Just a small upward move. But the pair hit R3 and I love, love, love (3 loves lol) to see divergence when that happens. So I'm going short and holding on for an intraday trade, halfway to the daily pivot.
I am short multiple positions already on EURCAD on this rise up, its been brutal but I think its insatiable bloodlust is finally quenched. I would like a .05 retracement here, but I may put a stop and let them run to monthly pivot. will start closing out if it breaks highs.
looks good and ready, i'm already in a few positions on the way up. For me I am targeting the missed weekly pivot at the .05 retrace, but once it gets there I may just put a stop on it and let it ride to the monthly pivot.