Butterfly pattern setup on EURCAD 240 with RSI divergence I am shorting take profit at 1.4270, stop at 1.4509
On weekly chart of USDCHF, RSI showing clear divergence, price is hitting previous support zone and last week candle showing a bearish engulfing. I am going down to lower time frames and look for shorting opportunities
After months of solid bullish movement, USDJPY has reached a possible zone with previous cluster of support. This also confluence with the AB=CD at 1.618 level. This could be an area traders looking to take some profit off to beef up their annual account before year en closing. I am inclined to look for short trades on lower time frames.
Bearish Gartley with D point right at the potential reversal zone. Additionally we have confluence with price coming into strong resistance zone as indicated with the eclipse. Furthermore, price is also hitting the upper uptrend channel providing further resistance. Short till point B with stop above point A