mid bullinger band expecting long above 200 and 50 ema
bounce off support bounce off 200 ema 2hr time frame
BOUNCING OFF SUPPORT HIGHER HIGH AND HIGHER LOWS NEXT MOVE HIGHER HIGH 30MIN BULLISH ENGULF ALL ABOVE 50 AND 200 EMA
Buying the bounce of support (200 EMA at 2hr time frame) 20 pips target
retest of trendline 1 hr double bottom & RSI convergence rejection of 61.8% fib right shoulder of head and shoulder pattern formation
Break in resistance towards downward trendline. Countrend trade
Break and retest of previous support/now resistance break in counter trendline below 50 EMA
Break and retest of the trendline, targeting a bounce off the 200 EMA
1. double bottom created near 4hr 200 EMA 2. RSI divergence on 1hr 3. two tails on the second touch of double bottom 4. counter trendline broken
Got very aggressive with gold today, second trade of the day. Keeping it simple has always been a treat for me...break and retest of major level, using trendlines as added conformation.
1. Break and retest of trendline 2. daily bearish engulfing closed past previous support 3. waiting for a pullback onto 38.2 or 50% of bearish engulfing candle 4. waiting for price pattern confirmation(double top) for entry possibility
1. Market in a channel 2. at 4hr major resistance 3. double top created 4. Bearish engulfing on second touch of DT 5. RSI divergence
Double top at resistance with RSI divergence. Sell USD CAD
Double top at major key resistance followed by RSI divergence. Sell position.
4hr divergence on RSI weekly uptrend with pin bar 2hr double bottom above 50 and 20 EMA POTENTIAL LONG POSITION WHEN MARKET OPENS