AronBara

AronBara

see the chart...

AronBara

Today I am opening a short position in EU. However, Yellen speaks tomorrow, so my size is very small - if we go up tomorrow, you could set a tight stop loss or no stop loss at all & then short it from the new high - however, trades like this are not for everyone, especially people who are not very comfortable with having no stop losses.

AronBara

RSI divergence

AronBara

RSI divergence, looks tempting on the daily too.

AronBara

as you can see, I opened a trade, even if the USDOLLAR index does not look very encouraging; I have no stop loss, I have a very very small position - if tomorrow we are up, I am going to open an another position with twice my original size to short it again, as I do not believe it can climb much higher from here; we are very close to a top. if picking bottoms and...

AronBara

trading RSI divergences like this mostly always worked for me. AUDUSD seems overextended here, but be cautious, the dollar is not looking very healthy atm. The three targets are a structure support, .23 and .38 fibonacci retracement. I would try to scale in with for example, let's say, 30k, 10k each one of the 3 positions - just to be safe, I would take one TP at...

AronBara

I am curious as to where the dollar will go tomorrow after NFPs... if it drops, I will go long the dollar from monday ( short EU,NU - they are now really oversold, expecting a retracement + there often is a sentiment change over the weekend) I also doubt the dollar could drop much more from here with a coming rate hike

AronBara

there is a certain "trading rule" I learned from a senior stock trader, which says that if a stock is down 7 days a row, you can expect the eight day to be up - I looked for the same pattern in forex and it often works. Now we are at the 6th red daily candle, let's see how it plays out; I have also drawn a potential gartley/cypher pattern, but as my bias remains...

AronBara

short the dollar, broke 200MA and now retesting it, probably going to fall once more, will be long EU & NU

AronBara

speculating... bullish bias has lots of room to go...

AronBara

double divergence on RSI both on daily/hourly... target could be lower, staying conservative

AronBara

a nice hammer has been formed on the daily, I believe that we are going to be up the next (this) day. RSI bottom divergence can also be seen.

AronBara

as the 4hr candle closed with a shooting star, also considering that the pair has been advancing the whole week, i would welcome a little bit of a retracement to previous structure levels - these levels also collide with fibonacci levels 0.23 and 0.38. Cheers

AronBara

broke the trendline and retraced. possible short?

AronBara

too steep of a trendline, needs some retracement - both trades offer a good RR ratio; 1 to 2 and 1 to 4. Enjoy

AronBara

simple trendlines

AronBara

rsi divergence, simple trendlines

AronBara

simple trendlines