- bearish channel - bearish pin bar candle - under 200 ema exit: 1.43100 enter: 1.4500 stop: above pin bar candle risk/reward : ~3x
-> Strong resistance -> RSI divergence -> 2.5+ ratio
found a nice ABCD pattern with about 1:3 P/L ratio. Also, price found resistance at the 200 EMA in the 4hr chart and the 50 EMA in the daily chart.
-> RSI Divergence -> triple top ->0.618 Fibonacci retracement
- RSI +- 70 - Stochastic > 92 and lines crossing - Weekly EMA resistance - descending flag pattern Target 1: 0.382 fib Target 2: 0.618 fib Good Luck!
Hoping for a flag breakout after reaching resistance and the 0.618 Fibonacci level. Entry: ~0.097400 TP1: ~0.096100 TP2: ~0.095450
this idea follows a descending channel. and on the weekly time-frame as well as RSI divergence on the daily time-frame. We can also see previous resistance at this price (highlighted in yellow).