4 Beautiful Reasons to short! #1 Price is at resistance #2 We have a harmonic move to resistance. (ABCD Pattern) #3 RSI Over bought and we have divergence #4 Lower close candle TRADE NOW!!!!!!!!!!!!!
Here we have a bearish trend on the 4hr chart. almost 1 to 1 Risk/Reward ration instead we have a .9 to 1. Red line= stop Purple line=entry Green line=target
bullish trend on the 4hr chart. Market has made a pull back and we currently have a higher close candle signaling an entry. 2 to 1 Risk/reward ratio. Green line=target Purple line= entry Red line= stop
as you can see the market has been making lower lows and lower highs which puts us into a bearish trend. wait for market to come inside the killzone (redbox) and wait for a lower close candle.
Price is respecting resistance. Bearish on the 4hr chart. sell at lower close candle
Not a trade, just came across this while back testing. Just look at those opportunities in the highlighted zone. 2 double tops, both with RSI divergence and most importantly, BOTH WINNERS. Just thought id share this. Trades like this make me cringe when i don't take them
market is about to complete a double top. when it completes, look for overbought and divergence in RSI. 3.5 to 1 risk reward ratio on T1!!! over a 350 pip move if the market completes at the .618! HAPPY TRADING EVERYONE!
Waiting for a Double Bottom and then a move up. Over a 5 to 1 Risk reward trade!
Almost a 1 to 1 risk reward here. Stop loss above previous resistance. Targets at future support (.382 retracement)
Targets at .382 retracement. possible targets at future support.
A double top on the daily chart. Counter trend trade with targets close to a 1 to 1 risk reward ratio.