Bearish setup confirmed by: 1️⃣ Trend Analysis: Lower highs, bearish structure intact. 2️⃣ Reaction-Action Space: Strong rejection at key resistance. 3️⃣ Momentum Divergence: hidden bearish div 4️⃣ Price-Volume Divergence: Rising price with declining volume = weak buyers. Thoughts? Let me know! 🚀
I entered a long position on the GBPJPY 15-minute chart, combining multiple confluences: RSI divergence and candlestick patterns. Here's the breakdown of my analysis: RSI Divergence: A bullish divergence is observed on the RSI, suggesting waning seller momentum and a potential reversal to the upside. Candlestick Wicks in Buyers' Zone: Long tail wicks are...
15-minute chart setup using momentum divergence, fractal bar, pitchfork, and Fibonacci levels. Currently an ongoing trade with a 1:3 risk-reward ratio. Monitoring price action for potential confirmation. Let's see how it plays out!
Similar technique used from previous post. I used simple strat: price action, support and resistance, divergence..
I used trend analysis: supply and demand, support and resistance combined with technical indicator like volume and rsi divergence. I also used fibonacci and price action analysis.