market is now consolidating in the boxes ... RSI is showing a bearish divergence but .. without a break of structure this is abit risky to short the market..
Depending on how u see the retracement this could be a bat or gartley... im goin to be pending a sell order for a bat pattern... better Risk Reward :)
In H4 Potential Cypher Pattern. but if market breaks above the C leg.. this will be invalid.. im looking for a good buying position since the market has break major resistance... so up up direction is what im waiting for.. for now ... let see what happen on this C LEG.. potential a retracement of a bearish move... since RSI is OS.
Bat pattern in H1 Previous DT from H4 TF Potential Bearish RSI Divergance... SL above X
This pair is at the highest level.. its testing the pervious structure in the daily tf, in h1.. we can see consolidation indicated in the red box.. and also bearish divergence in RSI... tempted to sell now with a good risk reward... but a conservative entry wuld be awaitng for the market breaking the support level of the consolidation
Looking at the chart, we can clearly see why the market could not go bearish. NOw its a waiting game on which level / trendline will be violated....
Wow... a nice butterfly Completion setup.. missed this trade :( ....
Market has broken the double top It also had broken the green trendline, this is favouring the bearish trend BUT.. as indicated, there is the previous support level... which leads for in decision... Lets wait till a new Wave is form or a better Risk Reward setup :)
Another Potential PRZ Zone Major Sturcutre Inv Fibs RSI Divergence... LOoking for a Shorting Setup
Market break the trendline BUT.. did not break the support structure.. RSI is pointing a Bearish Divergence... still bearish biased on t his one.. but SL will be inplace
Market may do two things 1. Complete Cypher then go Bullish 2. Bounce on the trendline and go Bullish
EU RSI Divergence EU Double Top EU Break of H1 Structure EU Break of H1 Trendline Next stop Potential Fib retracement of 38.2 Structure
I got my initial entry stopped out... o_O boohoo.. but now i have my pending order on the h1 bat.. ;)
H4 Bearish Bat RSI Oversold o_O standby to wait for a selling moment :)
TP1 has hit... but will it hit TP 2 ? Potential reentry on this level for myself :)
EU goin bearish... identified a few Structure with support inv. fibs... Lets see what happen especially after NFP