This pair started dropping for the past days, trying to settle down the manipulation with the election news from 2 weeks ago. We are waiting for the support to get hit once again, considering his previous rejections in correlation with the stochastic RSI. We also have another support around that level so that means once both of them get hit, we ll go in a huge buy!
This pair had some nice volatility during the last couple months and now its getting closer to a beautiful double support ( trendline and horizontal support). The stochastic RSI is also oversold if we look on the daily chart and if we look on the 4 hr chart we can see some nice structure followed by a nice correction right now. Im going BIG on this trade!
During this couple weeks, #GBP pairs were very dodgy, being influenced a lot by major news, but as i said, trading is 90% technical, the price started fixing the huge volatility and gave us a new perspective of a new channel. The rejecton was very beautiful and now the price is preparing to touch the current trendline, touching also and intra support&resistance....
This pair is getting closer to another rejction of the current trendline, also the stochastic RSI is getting closer to our main support, and the 4hr closure is looking nice for a LONG position. Follow me @samurai.trader for more free tips
The Stochastic RSI is oversold and corelates beautifully with our intra trendline that had some beautiful previous rejections. Im waiting for the price to actually hit the trendline and then corelate positively with the RSI in order to buy this pair. Follow me @samurai.trader for more tips.
WTI is being trapped since last year into a wedge area that oscilated up and down forever, Now oil is closing to the end of this big wedge but im expecting a bearish movement by the end of this year. Stochastic RSI is overbought also and the price is about to hit the trendline. I'm going SHORT on WTI after daily candle closes
USDCAD has been in a downtrend for a month already. The stochastic RSI is oversold as hell and it gives us signs of getting on a big #LONG soon. the price is close to a MAJOR level of supports (channel trendline and major support). Once it hits the trendline, we re going on a big buy! IG: @samurai.trader for more useful tips or Whatsapp: +40742096060.
EURNZD just touched the trendline after a huge bearish momentum, rejecting once already the trendline with over 60 pips, now we re waiting for the 4 hr closure to play nicely and hit again the trend. The Stochastic RSI needs to be oversold also, for an extra confirmation that going LONG is the move for this pair. Feel free to follow me @samurai.trader ...
As you can see the Stochastic RSI is still in an oversold area, but im waiting for the retest of the current trend, for an extra confirmation. The 4hr candles are showing intense bearish momentum atm which is good for us. We have to wait for price to hit the trendline before entering LONG.