Trade Ideas Position: EURUSD CrabA type2 bearish crab setup on the 1-hourly chart. 1 thing I love about the type2 trade setup, it does give a very nice structure and reference on the 1st test and is an opportunity to see if there's an RSI Divergence setup.
On the daily chart (right), this trade setup is a retest of the double top , the support line of the double top that turn as resistance.
Great setup for trend traders, I wait for candle setup on the 1-hourly chart.
Rsidivergence
Trade Ideas Position: GBPUSD BatA bearish bat pattern has shown up in the same region of as the type2 bearish butterfly within sell zone and it is a trend trading setup. Sounds good?
In most cases it is, but for this, there is a warning sign of a bullish flag pattern. Because of this, I do need further confirmation before engaging in this trade.
Trade Ideas Position: GBPAUD CrabA bearish deep crab pattern type2 setup for a countertrend trade. This round, even better it returns with a double top setup with RSI Divergence. How good is that right?
I will need a further confirmation before I engage this trade. A setup like this will take months to complete.
CADJPY - Short #Forex #ForexTrading #ForexChartWaiting for an entry reason of my own but this could be setting up really nice for a short.
Momentum clearly slowing down with every push after the initial impulse leg.
waiting for a nice entry reason and i will be going short.
RSI divergence clearly at overbought territory
Any questions feel free to ask
GOLD RSI Divergence may end the bullish run XAU/USDClearly visible RSI divregence (purple trend lines) on Gold's daily chart. This may not be the right time to invest in Gold. Correction has 2 targets initially and these are 1486$ and 1454$ relatively.
Due to many people invested on Gold at 1200's and 1300's, once the downtrend will start, these people wouold close their positions and take their profits. As a result, the bearish trend would go steeper.
LENDBTC Retest done now pump is coming buy : 51 52
sell : 5 to 30 %
sl : 5%
only and only closing above 52 else invalidate
Trade Ideas Educator: GBPJPY BatHaving Point C touches Point A, this isn't my favourite bat pattern, hence, I didn't place a pending order nor engage the trade right after.
Having an uptrend channel with an RSI Divergence does give me some temptation in engaging the trade but not as enough as the channel was broken.
I will then wait for a retracement for a shorting opportunity.