1. Rally base rally was in line with a strong support 2. Trendline as a support. 3. This setup occured in h1 bullish engulfing candle. Setup will be invalidated if the price broke the ressistance area before taking the order. Tayor fayor
Qm pattern. sell in line with the left shoulder. The supply zone area will be the first target for tp.
Short.. quasimodo 4h within a daily engulfing candle Long.. snd.. rally base rally in line with ressistance that was broken succesfully with engulfing h4 candle. Hopefully to get the third touch of the trendline. Tayor fayor
Trendline broken The red line is a strong daily level which was a ressistance and broken by a rally base rally.. I think this pair will push higher from this level. The rsi is used to see if there is divergence occuring followed by trendline break. Tayor fayor
Area of high confluence with a quasimodo pattern. And this is happening inside a daily bullish engulfing candle. In think that eu will push higher from this point. Tayor (trade at your own risk) fayor(follow at your own risk) So tayor fayor. Hehe
Pennant broken wait for retrace Low pips risk means big lot size..
H1 is starting to show bullish pressure with rsi divergence and a minor trendline break.. Im using snr in high timeframe Im using rsi divergence with a trendline break for entry
What i see 1. Monthly engulf 2. H4 divergence 3. H1 divergence 4. H1 possible hns 5. Dominan break at the right shoulder. Im going short now.
From what I see on the chart. I believe uj will drop to the horizontal line which is in confluence with a trendline. I have a confirmation to short this pair. Will be looking for long opportunity at the tp area.
High probability. What do we have here? 1. Broken trendline retest 2. Third touch of the uptrend 3. Area of support (horizontal line) 4. Continuation divergence (hidden divergence drawn on the chart. How do we take our entry? Go to lower timeframe h1 and even smaller tf then look for bullish reversal price action. Personally i like to use dominan break or...
Entering long position on the third touch of the support.
This is my view on this pair. Bullish divergence Indecision in the market it seems gu is making a flag. Long for now. Look for short if break to the downside. I will look for buying setup in the lower box using lower timeframes
Blue line is cluster of ressistance.It was a fake break. Daily divergence for selling but dont sell now. The red trendline need to be broken first as it can still break the ressistance. Simple rsi reversal trading strategy. Like and comment if u agree or disagree with this idea. Arigatou gozaimasu
I was in a long trade before and got stop out but the price went back in. H4 still showing divergence. Nothing is broken. I will go long again if only there is a buildup and break to the upside at the current price level for a tighter stoploss. Build up ( pennant/flag/wedge or whatever they call it). Pls like and comment if you like my idea. I will be glad.
Hello traders Simple rsi trading strategy Divergence on h4 with a break of trendline. Currently the price is making a correction and showing bulls are coming.
Rsi technicL analysis Yellow hidden divergence Blue divergence Red trendline break.
Technical analysis based on rsi and trendline Yellow - hidden divergence Blue - divergence Red- briken trendline Always risk small, you are not going to win all trades. But once you win, beat your losses. Cheers!!
This is a sequent to my analysis before. So the gold really broke the trendline and now retesting it. It is time to go short. Risk small on currency pairs. Risk smaller on gold. Good luck.