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Rsioverbought

USDJPY-Weekly Market Analysis-Mar21,Wk4Trendlines are amazing, there are many ways you can use them, for this instance I'm waiting for a shorting opportunity when the candle touches the red line but not closing above it. When it hit the middle trendline, I'm going to shift my stop-loss to entry and once it reaches the bottom trendline, as long as it closes below the trendline, I'm going to keep the trade, if it doesn't, I'm going to exit my shorting trade and turn it to a buying trade.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Mar21,Wk4GBPUSD is in a sideways consolidation. This setup allows us to trade within the zone(green box). The setup is safer when we are shorting from the top of the green box, than buying from the bottom of the green box, and the reason for that is the previous bearish trend which coincides with the starting point of Point X on the Bearish Shark. However, if you are an aggressive trader, buying within the box can work as well and in the long run as long as you aren't flustered nor overtrade, you will be profitable.
Long
by RaynLim
EURJPY - Bearish BatLast week I have reminded you guys on a shorting opportunity on this Bat Pattern and I hope that you didn't miss the 90pips bear run which is approximately 900USD/lot traded. In my Video Analysis, I did speak about buying on the trendline as long as the candle didn't break and close below it, that gives you an 80pips of running profit at this moment that will give you an approximate 800USD/lot traded. At this moment, I'm watching closely on the red line, as long as it didn't break and close above the red line, I'll head in as a type2 bearish bat setup, I will also watch closely on how the candle react on the trendline.
Short
by RaynLim
6
IOSTUSDT | S/R Flip | Volume Climax | .618 Fibonacci Todays analysis - IOSTUSDT – retracing after a strong breakthrough structural resistance. Points to consider: - S/R flip Re-test - Support confluence - 55 EMA – visual guide - Volume climax - Oscillators overextended IOST is likely to retrace back to structural resistance after a bullish pattern break, S/R flip needs to hold for a valid long trade. Structural support in confluence with .618 Fibonacci retracement further solidifies the true trade location. IOST trading above the 55 Exponential Moving Average, acting as a visual guide, price must hold on retest to support the bullish bias. Volume climax evident, indication of buyer exhaustion, temporary top may be in as price finds its equilibrium before another probable impulse move. Both, the RSI and Stochastics trading in overextended conditions, a retrace in price will allow oscillators to cool off, creating space for further bullish momentum. Overall, in my opinion, a long trade is validated on a successful S/R flip re-test. What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always - focus on you, and the money will too!
Long
by Kudiiee
Trade Ideas Position: GBPAUD CrabWith a bearish crab form, up with such a long tail hitting 1st target for both trade(link at the bottom), both trade has to manual exit for their target 2. I will wait for the retest on this bearish crab pattern as a type to set up for a new shorting opportunity. First shorting trade GBPAUD Sideways GBPAUD H1 Sideway Bounce, RSI Divergence Short NOW: 2.0342(105) ISL: 2.0462(-120) TP1: 2.0152 (+190) 1.5:1 TP2: 1.9895(+447)3.7:1 Second shorting trade GBPAUD ABCD Pattern GBPAUD H1 Bearish ABCD, Sideways Bounce, Counter Trend Short Now: 2.0397(78) ISL: 2.0510(-113) TP1: 2.0190 (+207) 1.8:1 TP2: 1.9884 (+513)4.5:1
Short
by RaynLim