Waiting for price to enter the redzone which serves as strong support zone. Only long/short on confirmation candles!
RSI divergence + Testing Resistance. Waiting to see rejection before shorting.
Gotta wait for price to retest that marked support line and bounce; only enter on confirmation candles on 4 hr time frame (thats my take)
RSI Divergence, MACD indicates momentum fading. i will wait for price to cross both the trendline and the first resistance level; and short on confirmation candles (failed breakout)
Getting ready to short USDJPY if it hits resistance level and fails to break out; wait for confirmation level; wait for RSI weakness too
Price seems to bounce at Fibo Retracement Level; which was also within the lower area of the red box highlighted. Awaiting price to close above the red box with a confirmation candle before taking a long trade.
1) RSI divergence--> despite higher prices as seen in the green trendline; RSI did not go higher indicating a lower buying strength 2) EMA 5 seems to be crossing downwards EMA 15; indicating bearish bias 3) Red boxes indicate past Support/Resistance levels Awaiting 4 hr candle confirmation candle for short or long position. ( but im more biased towards...