EURUSD: possible short scenarioThe main fundamental risk is continuation of the risk-on in equities, otherwise we can expect another strengthening of the dollar, which proved to be a risk-off instrument.
From techincal POV:
-H&S chart pattern
-RSI divergence
Joining EURUSD bears from around 1.1262 price with S/L above 1.1360 and T/P around 1.1000 level provides decent R:R.
//
Make your own analysis before entering position.
Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Rsidivergence
#Bitcoin - Longing againI see good confluence here on the chart with Fibonacci & ascending triangle support trendline, daily also possible bullish diversion printing, we might not get to 11k but even 1000$ move to 9700 is good for leverage trades.
Laddering longs till 0.75 (using only 5% of balance)
Trade Ideas Position: NZDJPY SharkThis is what typically happens to a shark pattern, you get bitten the previous round and you come in for more.
A shark pattern can have as much as 3 entry price, if you aren't familiar with it, you can get a bitten twice in a row and you may say, no, I'm not engaging this trade.
Guess what can happen on the third run? It can hit your target profit and you get all upset on it.
Crude Oil | July contract continues to look bullish
the trend change of crude oil started at 29 Apil, signaled by RSI divergence or RSI failure swing
the second green arrow indicates the second long position, which was the buildup of a to-be breaking double bottom
an ascending trendline was then formed, which is never broken
the price then broke out, half of the profits was taken at the red arrow, by expecting a pullback
the third green arrows indicates the re-entry at the consolidation area
as the last trading day of June contract is approaching, July contract will be a better trade
GBPUSD-Weekly Market Analysis-May20,Wk2A head and shoulders setup for a buying opportunity. As this is not the usual head and shoulders setup that most will expect but the chart is not perfect. There is an RSI Divergence on this setup and if all fail the consolidation area do provide a buying opportunity on this setup.
Trade Ideas Position: EURJPY BatA bullish bat setup and completes as X surely pose a warning sign, if you head up to the 4-hourly and daily chart, at this moment the level is not within any support level.
Advantage of this trade is that it yields a very good RRR and an RSI Divergence.
What's your take on this?
EURJPY Long oportunity - Bounce upFX:EURJPY
EURJPY reaching the end of the pattern.
It is now trading next to an important support range showing signs of weakness it will possibly bound on this zone and go long with 4 different level targets to get your profit
- MACD and RSI diverge on the weekly chart
Next week we should see this shorting towards the 116.292 support line and the beginning on the bounce aiming for our first take profit level 118.410
Keep the eyes open for the bounce and enjoy the ride :)