Price rallied up to 1.1180 making new HH, but Stoch failed to make a new high. BB moving horizontal and narrowing. Middle line is no longer supporting the instrument. Upper band is expected to be the closest resistance and lower at 1.1148 is the support. #Price broken down the lower border of the sideways channel and support line at 1.1185, which now has become...
The RSI can be a great trading tool if used properly. Most Traders use it for an overbought/oversold indicator and that is the worst use of the RSI. As you can see from the chart, there are multiple short term trade setup in this one hourly chart. Although I am only showing 3 examples there are many more setups on this chart but did not want to make a mess...
- Strong Bearish Divergence with stochastic - Overbought - About to start leg C of the correction waves of a bearish Elliott Wave - On resistance area plus streong trendline tested 3 times over the last ~100 days Entry : - Sell Stop below previous swing low at 102.830 Exits : - S/L few pips above trendline and resistance area - T/P at 101.700 for R/R ratio =...
Just hit a resistance zone so expecting bearish movement. The double top gives this move confluence
Hello everyone. Been a while since I traded again. I've been holding back since Brexit and trying to avoid trading with the US elections going on but started looking at charts again last week. Today I am entering short on WTI Crude Oil. I have entered at the current price of 46.94$ with a stop loss of 50$. Please use your own judgment if you trade in agreement for...
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we see clear DIvergency in D1 so we sell with Risk:Reward 1:1
On bearish divergence based on M15 and H1
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Hello traders, We completed a bearish Bat pattern on this pair @ 105.89 Price currently lies at around 106.17s This provides a great opportunity to go short on this pair. This pair has been in a down trend. We have completed at an area of support turned resistance and have also put in some bearish divergence. Target 1@ 103.21 Target 2 @ 101.54 SL @ 107.93 ...
Deep crab formed and Stoch showing clear diversion, best to short to earn quick pips.
Hello Traders , We are currently very close to completing a Gartley pattern that completes @ 0.9794 This is in an area of previous resistance. We have an ab=cd move completing in this area and also bearish divergence on our RSI. Target 1@ 0.9774 Target 2@ 0.9761 Instagram: www.instagram.com Feel free to follow, like, comment and share
Great oppurtunity with a 1.5 R:R , maket just hit the weekly structure high and RSI is showing a bearish divergence so there is a high chance pattern will complete and the order will be filled. Stay tuned D Leg Completion @ 0.704 Stops at @ 0.697 Target 1 @ 0.713
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Bearish Divergence on H1 - RSI @ Overbought in H1/H4 Downtrendline Resistance right in front Trying to short with small stop (10305) Target EMA50 (10159)
Please see annotated chart for details.