BTCUSDWhats up gang IJackPips here with another outake on BITCOIN, we see definitely see price on course to the downside, hopefully touching that 24.50 - 30.00 area on the rsi under the 30min TF. this trade is ALREADY RUNNING, but we do SEE IT projecting to those three BLUE lines. thats where we would want to se eprice slow down bop in that area and wait for the next time it shows divergence to take a buy position back to the upside... SO CURRENTLY we see price falling and are happy to see yet again another trade be running blues. Tune into the livestreams whenever available. and make sure to follow like and COMMENT, and ill reply and get to you. THANKS GANG!
Dailypriceaction
USOIL Beairsh Play FormingHey Gang USOIL looking like a possible bearish playout, we can see from the ellipses the highest highs, and in contrast if you compare it to the boxes on the RSI, We can see Divergence between Price action and the RSI, I like to watch USOIL under the 15min since its a little more volatile of a pair. Right now were waiting for price to give a proper pullback from this newly formed Higher High.. I drew a trend line to project what the analysis as of now looks like although I will be updating the idea. We are waiting on a few things such as ;
1. To see if this newly formed Higher High's "Pull back" is the actual pullback or will it drop a little more, and then rise back up for a stronger pullback. Once this happens .
2. We will adjust the trend line touching key points on the newly formed pullback and wait for a break.
3. If price ends up making a higher high once more we must repeat Step 1-2.
4. once price shows us the proper pullback, and price doesn't make a higher high instead moves down and breaks our trend line then its all green lights.
5. 50 Pip SL no more than that.
This analysis will be watched and updated for more accuracy.
EUR/USD Bearish Divergence PlayGang Euro/Usd looking like a clear sell opportunity from the Analysis we can see clear Divergence, Between the Rsi and Daily price action the Ellipses are highlighted to represent the highest highs of Price action to be compared to the RSI highlighted in boxes. We clearly see price dropping on the RSI yet climbing on price action indication
Divergence. This looks like a great opportunity 50 Pip SL is required. Plug into my link, on my Main Page under Signature.
NZDUSDGang NZDUSD is looking very clear bearish move, price has broken and given a small pullback back to entry, perfect moment to enter. There's clear divergence between the RSI, and daily price action, we placed our trend under the highest high's pullback, Once broken trade is active. Head on over to my Signature on my Trading View Profile Page, Click & Follow Gang
EURUSD Pre-FOMC Trade PlanCould today’s FOMC push EURUSD out of its comfort zone?
I think there’s a good chance.
Even if today’s events don’t force a break, the EURUSD is going to be forced to make a decision soon.
In Sunday's video, I pointed out this sideways price action below descending channel resistance.
At the moment, that resistance area comes in just above 1.1080.
That’s the confluence of resistance that buyers need to break in order to push EURUSD higher, in my opinion.
As for support, the September 2 high just below 1.1000 is attracting buyers.
We can see that in the price action between the 16th and 17th.
So what’s my plan of action for the EURUSD?
Continue reading...
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