Can see the divergence in H4 between price and RSI. so, we can put 0 as the root of the impulse wave. From that, i try to draw a basic channel and join in with a very small amount. I will jump in it again if the price break the rectangle.
Keep my view that EURUSD need a good correction before jumping to next level, so, i keep my sell order to red line and wait for confirm candle to close sell order and jump in buy side.
Like last week, i still see bearish sign with this pair. Moreover, price seem to break the up trend line and back test. So, i will jump on sell when the 4h candle closing and a sign of testing. Both RSI diver and normal RSI show that. Sl should be 1.1818 and keep it tight due to we trade counter main wave.
Wait for back test and confirmation candle and jump on sell. TP as purple line
Saw that the momentum for GA keep increase for higher high, so, i will wait GA back to 1,181 to enter buy. If price doesn't back there, then a buy stop at 1.1836 with sl 1.813 will be suitable for me
If break trendline, re-test and find tp1 and tp2 as purple line
Seem to be clearly when we see the uptrend in H4. Support that CHFJPY should come to last top. so, my target for this buy is 118.
Keep the mindset that EJ is still on the up trend, So, i will jump on buy side when the price back to the support and create price actiob set up. Maybe Doji, or hammer
In the monthly chart, can see that the price is side wave between the red and blue line. However, in daily chart, can see that price is nearly come to the resistance. I think about a short term down side to consolidate before come to next level. So, what is my thinking. I will wait until daily chart resistance is broken, then test, and jump in buy side. If price...
With the down trend of dollar, hard to believe that UJ will break out the consolidate zone. But we can see that the RSI div is support for the short term up. but not sure. If the resistance can keep it strength (doji, hammer), we can think about a short. But i hope that i will see the break up side and re-test.
I still think about bullish with GU. However, without correction from the lowest to the highest, maybe this wave isn't stable and need pull back a little bit before going to next destination. We can see the RSI div as a signal for a correction. so, i will wait at 3 station and do the buy order with sl around 30 pips.