RSI bullish divergence; Making a higher low and looking for a retrace back up to the highs
RSI double topping in barely overbought. Good Risk Reward.
EU has a nice and lovely overbought on the hourly and coming into a previously strong resistance. Slight more upward movement may be possible, and I'll average my short lots if 1.065 is reached.
Taking a long on a triple bottom on eurusd. Expectations are that EurUsd will be going much lower but taking a small risk for a decent return.
EurUsd has been heavily bearish with RSI's oversold. Price is currently at 2.618 fib extension and looking a small pull back. Caution- Euro is heavily bearish; advise tight stoploss.
EurUsd been riding channel for many days and willing to buy again at this price.
GBPUSD showing a temporary double top near previous support level 1.55. RSI overbought on 4H suggesting downward momentum. 1:2 risk ratio as well. TP1 1.54 TP2 1.53
1.132 is a pretty strong resistance/ support area. Buying with stops below the bottom shadows. RSI has touched oversold and looking for retracement.
Technicals: -Double bottom forming within a rising wedge. -Temporary uptrend in a bearish market -caution -RSI on 1 hour isn't reaching oversold yet. Not sure if it will- if it does, I will buy again and adjust stops if I have too. Take profit 1 - 1.14090
Flag pattern coming to completion possibly soon around 1.143. Stop-loss is above previous High and will short again at 1.145 if opportunity comes with a double/triple top. RSI is almost overbought on 1 Hourly and take profit 1 near 1.138 I tend to get in about 50 pips too early and close out my first trade for + 0 to 15 pips and close 2nd or 3rd trade at the...
The Goal is share a trading strategy that I look and draw on my chart quite frequently. It helps get my head in the right direction. Enjoy
EurUsd Rolled right over previous resistance and is touching the upward trendline. This is the best place to buy right now; If this support breaks (1.132) I will be looking for retracement to sell. FOMC starts in 1 hour; I advice stoplosses around 1.13150. RSI is finally oversold on the 1Hour and looking for atleast 50 pips for target 1 at 1.139 area. Goodluck trading
Market is fluctuating with indecision from 1.365-1.38. On the 30 minute and 1 hour, I see long candle shadow at 1.358 and saw that the candle closed up previous resistance at 1.1365. Caution- The 1 Hour Rsi suggest a little more to the downside. Watch for news later (FOMC)at 2pm Eastern Time and adjust to the market.
9:44 PM Eastern time Flag Pattern Risk Level: Flags can go up and down, but typically in direction of previous movement (Up or Long) Nice Risk Reward Looking to take Profit at 1.145 & 1.490 or 1.50
Shorting now and will short again if double top forms.
Double bottom and Doji on longer time frame suggesting a temporary buy