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Possible SLP PumpIn the 15M TF, we have a bullish falling wedge pattern which is going to be bullish for SLP in the long term. Right now, we have a hidden bearish divergence in 15M TF where we might dip to 0.0165 and we might bounce from that area back to 0.0174. If the candle closes above 0.0174, we might go higher up to 0.0191. There is also a possible dip lower than 0.0165 which is 0.0152 because of the hidden bearish divergence. Even if we dip to 0.0152, it will still bounce back to 0.0174. Tomorrow, we will see more signals due to the falling wedge pattern almost ending. When we see the pattern almost ending, we will know there if SLP will pump big or not. I will keep an eye for signals tomorrow so this post will be updated.
by elexicius
2
CADJPY Daily Pitchfork ShortFOREXCOM:CADJPY I marked the pitchfork from the pivots on the weekly chart from June, September, and October. Confirmed with the Daily RSI and the Daily chart. It's very slight but there appears to be a bearish divergence on the RSI. I've only started dabbling in RSI divergences so I wouldn't consider this a confirmation, but it's worth noting. After looking at the 30M chart I am confident entering a short position. The Daily RSI is not what I like to see so my stop loss will be tight, probably only risk 0.5-1% with the TP at the median line.
Short
by UnknownUnicorn2349278
AUDCAD ShortWatching for a confirmation on the H4 and H1 for a good entry. After a few losses I started to solidify my system and the confirmations I'm looking for. -Set the pitchfork on the Daily chart and Weekly RSI -Does the trade coincide with the higher time frame trend? (If no then no trade) -Is the trade returning to the median line (If no then no trade) -Will the trade encounter a significant S/R in the direction of the trade? (If yes then no trade) While I continue to research the use of Median Lines, I have begun looking into Fib retracements to find the best entry points.
Short
by UnknownUnicorn2349278