Another long setup here for OMGUSD. Very similar structure to IOTA and other alts. As long as this support holds, we should see a bounce here as well.
Chart is pretty self-explanatory. We could potentially have a really nice long setup for IOTA here. Price continues to bounce off this important support level, while RSI is showing a big bullish divergence building up on the 4hr. Like Bitcoin, I am not expecting a long-term move to the upside but we will assess when we get there.
Potential Long continuation on USDCHF. Idea fails if price falls below ascending trend line
Got a nice +30 pips on the long setup for this pair the other day. Now price is resisting against the descending trend line and showing some bullish exhaustion. I will now short this because the overall trend is still down. However, we could be in the midst of a potential trend reversal with the bullish divergences on 4hr and above which is why I am only targeting...
Long setting up on EURAUD. Price is bouncing off trend line and RSI is showing sign of reversal. There is still the 4hr bullish divergence on the 4hr as well.
Yes I realize all the JPY pairs blew up today, however there could be a scalping opportunity here. Price came up to 2 intersecting trend lines, as well as the horizontal resistance, while RSI is extremely overbought. It's a good R:R ratio trade because of the position. Keep stop loss relatively tight on this one. Good luck
Looks like CADCHF wants to continue this uptrend. Price came down to re-test that resistance line as support and we should see price now move away from this support.
Long continuation on GBPAUD. Looks like it wants to continue to rise and the trend line has been holding well so far. Let's see how this goes
Nice short setup on CADJPY. TP and SL levels on chart
Potential long setting up on GBPCAD. Price is touching trend line, bearish exhaustion on RSI, and price touching 200MA. Stop loss and take profit levels are on chart
Potential short opportunity on CADCHF. Uptrend is still strong so this is slightly risky, but good R:R ratio if it does work out. What I'm seeing is bearish divergence on RSI along with exahaustion while price is at resistance level. If it breaks the resistance level, there is still the trend line above so be aware of that as well.
Long setting up on USDJPY. See chart for details
Short setting up on AUDNZD. TP and SL levels on chart
Short setup on NZDCHF. Price resisting downward trend line. RSI and MACD showing signs of weakness and potential drop. Please like this idea if you find it useful!
Short setting up on CHFJPY. Price coming up to test trendline as resistance, indicators showing some reversal signals on the 1hr