2 SCENARIOS Retest 100% 3rd touch of resistance Strong sell RSI Break and retest support at 78.6% fib Strong sell RSI on hourly and 4H Both 3:1 RR
Key rejection level on the hourly. Matches golden pocket Looking for 2nd touch of resistance Strong buy RSI 3.75:1 RR
2 touches of new resistance, looking for third. 78.6% fib retracement Strong sell RSI 3:1 RR
2 scenarios for this trade. SCENARIO 1 Retracement down to the golden pocket Bounce off support Strong buy RSI 3:1 RR SCENARIO 2 Retracement down to the 50% fib Bounce off support Strong buy RSI 3:1 RR
New trading style I am testing. 15m time frame analysis. 71% fib 15m Resistance Strong buy RSI
Rejection at 61.8% Area of resistance on hourly Strong buy RSI
Break and retest of hourly trendline Strong sell RSI 38.2% FIB retracement key area of rejection
Reject area of resistance, had plenty of touches. matches with the 78.6% fib should have a strong buy RSI
Reject this area of resistance aswell as 68.1% fib will have a strong buy RSI
Reject golden pocket and area of resistance will have a Strong sell RSI
got a couple of scenarios for this pair. Either reject the 50ema and area of resistance and go long fall down to the golden pocket and area of resistance and go long both will have strong buy RSI
Consolidating, looking for a reversal around 100% will be a Strong buy RSI looking to break 50ema and continue an uptrend ideal scenario would to rally up to the golden pocket (78.6%), which is around 90/10
3rd touch of the area of resistance Will have a strong sell RSI Matches 61.8% golden pocket possible third touch of the daily resistance
GBPAUD. on the hourly, we are in a downtrend, as you can see we have 3 touches of the support (confluence 1), price is at an area of resistance (confluence 2), price is pushing the golden pocket, and has had a morning star formation (confluence 3+4) and price is at 30% on the RSI which shows a buy.
EURUSD. the overall trend is a downtrend on the daily. On the 4H theres 2 touches of the resistance ascending channel, however you can see a rejection of the Daily trend. I’d like to see price move to the golden pocket, which should also mean that the RSI will be in a strong sell! (70) ill be setting alerts for each % of golden pocket and then going to the 30m to...