- Bearish Divergence - Resistance at the current point - Chart pattern shows the trend lasts 1000 pips and changes direction - DXY has been very bullish on daily TF, it needs to make higher low. - Break of a trend line.
The dollar index is bullish and the australian dollar index is bearish which suggests that there should be bullish momemtum of AUDUSD pair. The bullish divergence is also formed and the current price action is at 78% FIB retracement which further strengthens our idea. We'll go with two trades, first with TP1 and other we'll trail. It is also likely that trade...
Break of a trendline supported by the bullish divergence shows that the momentum of the the bearish trend is declining. If the previous lower high is broken, there are high chances that price will continue to move up.
- EURAUD has a bullish divergence - The price broke the previous high level - It seems that the price is retracing to gain momentum to push up further - EXY index also shows a bullish divergence - AXY index is in a bearish trend
NZDCHF - The setup is to sell at the point where price breaks the previous low. It can be seen that the price is at strong resistance plus forming a bearish divergence, which shows the momentum of the buyers is decreasing. We'll sell at the break of previous low.
1- There is a bearish divergence showing the bullish trend has lot its momentum. 2- The daily timeframe is still bullish which suggests that if our sell limit trade is triggered, the partial take profits must be collected. 3- If the sell limit does not trigger, we'll wait to see how the market presents the next move. No rush on this pair. 4- AB=CD Pattern is...
1- The price action has broken out of the rectangle with having bullish divergence earlier. 2- There are two setups that trade can be taken a) buy limit which I am taking with SL defined as in the chart b) Wait for the price to break the previous high for higher confirmation.
AUDCAD has strong domination of the selling side as shown in the chart. Few of the points that show the price should go down is that the price has already touched 78% Fib retracement and the divergence on the 4h chart shows the momentum of the buyers has decreased. We'll sell when the price breaks the previous low and should continue to go down. The price will...
Instant selling AUDUSD after it started the downwards trends, breaking the previous low. The trend line retest was also done.
1-Projection of previous Head & Shoulders has completed 2-Bullish Divergence 3-Taking two trades a) instant buy b) when it reaches 0.7% fib 4-21 EMA Support
We'll buy at the break of previous high. It can be seen that there is RSI Bullish Divergence as well as horizontal support and trendline support. It is highly expected that TP2 will hit but we'll take partial profit at level mentioned. The trend is retracing from 61% fib level.
EURNZD On a 4H timeframe, it has broken it's trend line and has started to move up. It may retrace a little bit, therefore putting the buy limit order which is at 50% Fib retracement . We'll take partial profit at the next resistance zone and then TP2 can be put at the 1.83983 level or until 4H divergence is formed.
GBPUSD - The buying momentum is declining as it can be seen by the bearish divergence on RSI-14. The price is forming double top level on the chart and there are high probability that when the price breaks the previous low, it should continue to go down.
The EURCHF has a bearish divergence and has broken the previous low of the trend. I take instant sell as per the break of market structure. The stop loss will be above previous high.
We will buy at the breakout of the ascending triangle. I'm taking two trades of 0.5% each. One trade with 1:1.2 RR and the other 1:2.1 RR The 1:1.2 RR is based on the projection of the ascending triangle and second trade to potential resistance. I have also taken two short trades and it's because of the strong bearish divergence. If the price breaks the trend...
Instant Sell because of Bearish divergence and break of previous higher low
Bearish divergence + 90% sentiments of EURUSD short RR: 1:2 Order type: Sell Stop We'll wait until the previous higher low is broken or some sort of support it has formed should be broken.
A strong 30-mins and 15-mins bearish divergence suggests the price will go down, since it has broken the previous higher low, I'm going short after the break of now previous "lower high" with risk reward 1:1