Rejection + Resistance + Overbought. Price has respected this level for the past weeks and there have been signs of slowing momentum.
Price has respected this resistance over the past few days. Rejection candle would help support my reason for shorting this setup. The indicator also shows level of overbought so we're expecting price to reverse from this level.
Reason: Bearish divergence + Overbought + Resistance + Rejection
Price at resistance + rejection + Overbought
#NZDJPY Price at resistance + rejection + Overbought
Just an idea. Resistance + Overbought + Rejection
#AUDNZD LONG Price approaching support and stochs are oversold. Clear rejection on support would be a great confirmation. There is also a presence of bullish divergence.
#EURGBP LONG This could potentially be our biggest winner for this week. Price approaching support which has been held for several days. Bullish divergence is present. Clear rejection from support, then we long.
#USDCAD LONG Price approaching support, a strong rejection on this level would be a good entry. Stochs are oversold so we might see price reverse somewhere in the area.
FX:AUDCAD #AUDCAD Bearish divergence. Price at resistance and stochs are showing overbought levels. Would be a good place to place short.
Price is moving on a range for the past few days. It just recently hit our previous resistance target where price got rejected violently. I have highlighted the levels where it would be best to enter either long or short. These levels proved to be key support and resistance for USDCAD. We want to see confirmations through clear price rejections on those levels...
FX:EURGBP Price is currently at the support which has been respected a lot of times recently. Again, we saw price moved in range before it broke out of resistance. We were supposed to long on the S/r flip, however, we did not see clear rejections on that level. Now, with price at support + rejection + overbought, we are seeing a good long opportunity.
FX:NZDUSD Price went back to its previous resistance and there is a clear overbought on the stochs. Clear rejection on this level would be a good short confirmation.
FX:NZDJPY Price approaching previous resistance. There is bearish divergence forming on the lower timeframe (1 Hour). Clearly overbought levels. Clear price rejection would be a great additional confirmation on this.
OANDA:XAUUSD #XAUUSD #GOLD Bearish divergence: Price making Lower high and Indicator is making Higher high. Rejection on resistance + Oversold. We saw price respecting this resistance level for the past few days.
FX:AUDCAD #AUDCAD #Sellopportunity We are looking at the 4 hour timeframe. We have 4 confirmations which tells us this is a great sell opportunity. Price has respected this resistance level for the past few days. Resistance + Rejection + Oversold + Low volume on the breakout This is looking promising!