see Chart
0,618 Fib RSI Divergence I dont trade this cause I am long USDCHF for the same reasons.
....that aims at the 0,618 Fib Level of the latest High. Dont know about the Wave Count but RSI Divergence in 4 Hour Chart tells me Structure is about to end and there is maybe more Upside potential than my Target 2 shows. Trade not active.
Deep Entry for a good RRR.
0,618 Fib Retracment of latest High with RSI Divergence in 4 Hour Chart. Short Pending Order at that 0,618 Fib would have been perfect, but this was my Entry:
see Chart. Pending Order. Wait for Retracement to go Long.
Sorry for posting this a bit too late. The sharp Impuls from last Week needs a Retracment. When Target is hit I look for Long Entrys.
Countertrend! -1,272 Fib Extension - RSI Divergence in H1 (see Chart above) - RSI Divergence in H4:
Bounce on the 0,618 Fib Retracement and Rejection of the 1,618 Fib Extension. Countertrend!
Probably I missed the Entry by market Order. So this is a Pending. I would only Trade this when Prices comes back down to the "Divergence Trendline" to have a better RRR. Due to this Countertrend Trade my Lot Size is smaller than usual. Next Step would be shorting at the 50 % Fib Retracment.
I wait for Price to come higher to the 0,618 Fib to short EURCAD