writershanon

writershanon Updated 

ACAD (Australian Dollar vs Canadian Dollar) broke past the support last week but quickly recovered this week which makes it seems like a false break. My Long entry was fueled by a Divergence on the RSI as well. Well, what do I loss just 15 pips thereabout and 1% of your trading account for the trade(that's if you wish to go for it). The RR on my end is about 1:6....

writershanon Updated 

here is a parallel channel which the lower border had been broken. So a test of the lower border with a bearish engulfing or bearish pin bar to indicate a sell back to support which is the blue line

writershanon Updated 

The DXY bounced on the support so I entered in for a Buy with the 20 EMA as the first TP, 50 EMA as 2nd Tp and 200 EMA for final TP(all are choosen on the H4 timeframe). The RR is about 1:4. I was actually looking for a divergence on RSI but couldn't get it but anyways price had started reversing with a white marabozu (a very strong bullish candle) on the last H4...