In this analysis, I have set two TP. You can take this trade while the market is open on Monday. Disclaimer: This is my own analysis. Please do your own analysis and if you think the same as my analysis you can take the trade with less than 2% risk of your balance. If you want to learn my trading way, make sure you subscribe to my youtube channel. www.youtube.com
In this analysis of GBPUSD, I set two TP. You can enter when the market is open on Monday. Disclaimer: This is my own idea and analysis. Please make sure you set the stop loss and risking less than 2% of your balance. If you want to get more free trading materials subscribe to my youtube channel below: www.youtube.com
1. head and shoulder pattern. 2. price is near of resistance zone on weekly time frame. 3. price is in right shoulder . 4. we can see a bearish divergence on RSI (14). 5. reversal candlestick on h1 time frame. 6. risk to reward potential is 1:2 !
that's why i'm going for short: 1-head and shoulder pattern (waiting for right shoulder) 2- price touched the support zone (neckline) 3- RSI (14) shows a bearish divergence notice: in daily time frame we can see another head and shoulder that shows us a bullish movements possibility! so here we have 2 position opportunity . short in h4 and long in daily . lets...
i"m going for short on this pair . that's why: 1. on weekly time frame price reached to previous resistance (left shoulder) . 2. on weekly time frame we can see 2 pattern: 1. head and shoulder 2. double top 3.on the RSI (14) the signs shows me bearish divergence. however on weekly time frame we can't see any bearish candlestick confirmation yet, so i recommend...
in this pair i see head and shoulder pattern on h4 and h1 timeframe and a long opportunity trade ! that's why: 1- head and shoulder pattern 2- price touched the support zone (left shoulder) 3- we can see at least 2 support key level on daily timeframe , you can check it out in history of this chart (daily) 4- bullish candlestick on daily timeframe 5- bullish...
in this pair on weekly timeframe i see head and shoulder pattern and also bearish candlesticks that are touching the resistance level , i also see a confirmation of bearish divergence on RSI (14).
i see bearish movements on cadchf H4 and daily timeframe , i also see bearish divergence on RSI with 14 period (standard) . the next confirmation is touching the daily resistance key and also bear candlestick in H4 .
this is why i took this analysis of euraud: 1. the bullish trend line in daily time frame is breakout . 2. price come back to near of previous resistance . 3. bearish candle confiramtion in daily time frame. 4. risk to reward is above 1:2. 5. double top pattern .
for BTCUSD cryptoCurrency i find these below confirmation for my LONG position in H4 time frame: 1. fib retracement 50%-61.8% 2. price is near of previous support line. 3. price is touching bullish trend line. 4. trend is up.