EURCHF has generally been in a channel since June. I am taking a long position because 1. Price is in an upward trend 2. A strong support line has been retested thrice since July. 3. RSI is a buy zone 4. Good Risk/Reward ratio TP1 is at the 0.618 Fib Area. This area was a resistance zone in August and September. TP2 is the main ceiling of the channel (1.096...
Keeping eyes on it. Trade with care.
1. RSI is overbought 2. Bearish BAT pattern completion Trade with care.
It's great to be back now after a looooong break... :D Looking to short now.... 1. Completed Gartley formation 2. ABCD pattern developing 3. Price is rejected on the downward trendline 4. RSI is overbought 5. Price is at a Fib confluence area Trade with care and with a tested strategy. Your views are welcome.
1. ABCD is completed 2. Price is at previous resistance zone 3. Price has been rejected twice at the resistance zone (see 30 mins chart) 4. Divergence on RSI Trade with care. All the best.
1. Price at previous resistance zone (now turn support) between 0.382 and 0.5 fib area, and has retested the zone twice already. 2. RSI Oversold 3. RSI Divergence (Similar to AUDUSD idea published earlier) Love to learn more. Your constructive comments and views are appreciated. Trade what you see, and trade with care.
Looking for completion of Gartley Pattern at the 0.786 Fib zone. Then I would be looking to short based on price action and RSI. SL should be above point X. I love to learn more; All constructive comments and views are welcome. Trade with care. All the best, traders.
I look to short because 1. Price on the downward trendline (doubling as 0.786 fib retracement level) 2. RSI overbought However, if price breaks the trendline, I would wait for a retest and price action for the next opportunity. I love learning; as such all constructive comments and views are welcome. All the best, traders.
1. Price has retraced to the 0.5 Fib area which also doubles as previous resistance zones. 2. RSI is Oversold 3. RSI Divergence Due to the downward move over the last 2 weeks, I am looking at price action at this zone to see signs of exhaustion of the bears. Then would consider going long. A learner of trading, and as such all constructive comments, opinions and...
A completed ABCD pattern on AUDUSD on 1H at the same resistance zone.
1. Price at previous resistance zones (could possibly turn support zone) in upward trend 2. RSI Oversold 3. RSI Divergence. Trade what you see, and with a tested strategy. All the best.
H&S on GBPCHF on the 1H & 4H charts at almost the same levels of H&S formed in March. 1. H&S was formed on the same support zone as in March 2. Price is on the upward trendline 3. RSI oversold *If it fails to break the support and trendline levels, I would look for a continuation of our uptrend trade. *If it breaks the support and trendline down, I will wait for...
I'm Short now 1. ABCD Pattern completed 2. Price at previous resistance (March 2016) 3. Divergence on the RSI 4. Looking to take first profit at 0.236 area because it has served as strong support levels in Feb. and March 2016 Posted a little late. I'm still a learner, and all constructive comments and ideas are welcome. Trade what you see; Trade your plan and...
Looking for price action to go long.... 1. A 0.382 retracement 2. Price at previous resistance now turn support 3. Divergence on the Stochastic All constructive comments and ideas are welcome. Trade what you see; Trade your plan and plan your trade. Thanks
New beginner... and all suggestions and comments are welcome. Thanks