Lets go long back to the strong resistance line!
Huge pin bars pointing to a nice retracement back to the support level
Not too long but lets get those pips! ***TRADE AT YOUR OWN RISK***
I don't have price confirmation quite yet but the divergence is real here. Go long! ***TRADE AT YOUR OWN RISK*** FX:USDCHF
OBV price has hit its lowest low in a while and in the price in the chart has created its highest high. This is the definition of divergence. RSI also has divergence with momentum weakening
OBV has slight divergence. Should see the drop to 1490 soon... We are also at a VERY strong level of resistance.
I still believe we are going to see a nice short opportunity next week. We are losing momentum and there is also divergence with the RSI
I believe we are going to have a big swing to the downside. Although it has been going up the OBV has not AT ALL. Causing severe divergence. Lets see what happens!
Crazy divergence on the daily chart with the OBV. I predict at least a decent drop soon! I'm guessing this is a fakeout we may be seeing right now...
We could have another possible 5:1 Risk reward trade coming soon. We will not only wait for the breakout but we will also wait for retracement and the right price action candle for entry. Do not fall for the fake out if it does occur...
Waiting for the perfect entry off of the 4HR chart. It is looking really good right now though. What do you think?
Who wants to ride the trend up with me? Lets keep our stop losses tight just in case :D
Correct me if I'm wrong but I see 2 signs of divergence telling me that the price may be moving to the downside. That is unless it breaks through the resistance but I'm predicting it will take a decent fall down. What do you think?