-Bounce on resistance -RSI -Stochastic
Major H&S completion on the 1hr. However, completing at big resistance zone. Looking at potential short - -Hidden bearish divergence: not used to this pattern but should indicate down trend. -Sitting right on major resistance A little bit uncertain, but I'll short if it goes below 1.95200
- Established range but perhaps closing to the end - Sitting close to trendline Two possible outcomes: 1. Break trendline 2. Bounce If 2. Long on top of trendline for 60 pips with SL 20 pips down. Supported by: RSI, Stochastic and range. If 1. Capture some 20-40 pips by shorting below support.
Current up-move on the back of Stochastic divergence and sub 30 RSI. Entry above support, with some 20 pips stop loss. Target 30 pips up at R/R at 1,5. (Not sure if this is good level for this risky pair) Next, bounce on trend line top and then down again. If safely above support this trade should be fine.
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Trade setup: - Great run on the daily for NZD/CHF with some 1% up. - Retrace bound to happen, just being denied at previous resistance level. Reasons for trade Chart - Price overextended for a one day run, bound to retrace - Denied at previous resistance level, which coincides to be R2 on chart - Slight double top formation Oscillators - RSI sitting at...
This pair has been pacing around in a fairly wide range, with great profitability from divergence trades. Coming up is a potentially higher high, with RSI seemingly pulling back a bit. According to my buy criteria Divergence would be a candlestick reversal pattern would be enough for me to enter a short for aroun 60-100 pips.
Massive drop due to USD rally. Currently sitting almost at previous bottom levels. RSI and Stochastic at low levels. If strong bounce on weekly line we could see new bullish daily trend. However - beware of the dollar rising like the morning sun lately.
Weekly looking very bullish for the long term. CHFJPY just broken through H&S-like formation. Looking for some consolidation before further rocketing up.
Silver is close to strong support levels of the last few months. Has not bottomed out entirely, which leads us to two possible conclusions: 1. Wedge is tightening for break-out. 2. An anticipatory consolidation before bottoming out and rushing north. Stochastic is somewhat implying that price momentum has already turned bullish despite two bearish closes last...
Gold bottoms out at confirmed support levels. Clear V-shape. Last time it hit this support it rallied for some $100. RSI is in good levels DEMA lines up. Summary: Really high probability move. Should rally some 50 dollars. Set target below 50% fib which is historical resistance zone. Risk level: largest probable drop in only some 20 dollars to long-term trend line.
EUR/USD broke through important resistance level at 1.17100 last Friday following increased unemployment in US. I don't think this is a fundamental move but rather a technical one, so this is simply a retracement of this pairs bearish run in april. Target should be the 36,2% Fib initially, and then see what momentum remains. Entry: Await pullback to 1.71 where...
Like my previous fractal post said we're seeing a bearish breakout. However, Stochastic and RSI looks a little sketchy, so I'm taking a small position on this one.
Seems to be in a wedge structure, just turning at the top. Watch out for the pin-bar looking thing. Needs bearish confirmation on monday.
Waiting for DEMA corssover, RSI and Stoch looking ripe for plucking.
Straight forward: Price looking like its turning around. Await DEMA cross and then short. Let's see how it goes!