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0 118 minutes ago
This is an other example chart of the EUR GBP on the daily time frame. in this chart i want to teach you
how to use the power of divergence in combination with the double top and candlestick signals.
as you can see , the market was up, after the formation of the double top, we didnt know what to do, but if we use
the RSI indicator to see if there is a divergence, our analaysis will be more clear. the divergence between
the indicator and the market and formation of the double top + the breakout of the inside bar is a high probability
setup that is worth our risk.
to learn more chekc out the link in bio .
PRODUCT 5 + 6: Basic and Advanced training tutorials. It’s all good following our IYF trading ideas, but just to make sure you understand all things trading related, go through the basic training tutorials! If you’re looking to trade on your own eventually and learn trading strategies, our advanced training tutorials are perfect for you! #iyfmovement📈
To follow on from Friday's update, a short position on #AUDUSD through Asia trading this morning netted +0.49%. Pre Tokyo open the pair looked poised to continue their downward stroke of last week; slowly and steadily the pair triggered my ordered and pootled down to my T1 level. Here the pair consolidated and I exited the position. As London traders go live I expect we'll now see volatility and there's potential for the market to consider my T1 level a bottom (leading to buy up and rejection of further downward movement). We're now looking ahead to the London open for my next position.
This is the CAD JPY daily chart ,as you can see the market was trending down,the formation of the triple bottoms
indicates that the market is likely to change direction. here you have tow ways of enterting the market, the agressive way
if you see a candlestick pattern signal formed on the second or third bottom. and the conservative way is to
enter after the breakout or the retracement back to the support that becomes resistance.here in this case
we have a goodinside bar breakout after the retracement.
to learn more check out my ebooks in my bio