Reasons for the long trade: 1. RSI divergence 2. Engulfing candle 3. Big buy volume Enter the long trade right now. Please manage your risk properly, don't all in. Happy pips collecting.
Reasons for the short trade: 1. RSI divergence 2. Engulfing candle 3. Big sell volume Sell right now and please manage your risk properly. Don't all in. Happy pip collecting.
Short AUDCHF H1. Below are the rationales: 1. RSI divergence 2. Engulfing candle 3. Big sell volume Sell right now. Please manage your risk management properly, don't all in. Happy pip collection.
- Price has reached a yearly high level. - RSI H1 & H4 are divergenced. - Price has rejected a newly established supply zone.
Trend: downdward Trendline breaks. MACD divergence. ==> Sell
H1: - Structure: downtrend. - Tendency: downtrend broken. - Test new demand zone and rejected by an engulfing bar => Buy
H1: - Structure: uptrend. - Tendency: uptrend broken. - Test new supply zone and rejected. - Candle: Wait for price to retest the zone. The best is to wait for a signal candle. => Sell
H1: - Structure: downtrend - Tendency: downward - Test resistance & new supply zone - Candle: wait for price to retest the zone and signal bar. => Sell
H1: - Structure: Sideways - Tendency: sideways - Test demand zone and weekly support level. - Candle: H1 candle rejected the zone and the level. Can buy now or wait for price to retest the zone. => Buy
H1: - Structure: Sideways - Tendency: sideways - Test demand zone - Candle: H1 candle rejected the zone. Can buy now or wait for price to retest the zone. => Buy
H1: - Structure: Sideways - Tendency: Upward - Test demand zone - Candle: wait for price to retest the zone and go for a long trade => Buy
H1: - Structure: downward - Tendency: downward - Newly established supply zone . - Candle: price retest and reject the zone. => sell
H1: - Structure: upward - Tendency: upward - Newly established demand zone . - Candle: price retest and reject the zone. => buy
H1: - Structure: downward - Tendency: downward - Newly established supply zone. - Candle: price retest and go for a short. - MACD: Down => Sell
H1: - Structure: Downward - Tendency: Downward - Newly supply zone established. - Candle: wait for a rejection candle in the zone to enter a short trade. => Sell
Structure: Upward - Tendency: Upward - Test trendline & demand zone => buy
Structure: Upward - Tendency: Upward - Test trendline - wait for a rejection candle at the demand zone => Buy
Structure: downtrend Tendency: downward Rejected the newly established supply zone & resistence level. Candle: pin bar (should wait for the H4 candle to finish).