This leg up looks like failed impulsive wave, and there's a bearish divergence on daily, price almost came to weekly resistance 1.4300 which is very strong resistance. Gartley says down too. image But, i think, first we gonna bounce up from these ...

EURUSD

I like this one more - "Trend is your friend except when it's about to end."

Ridiculous Trading Myths

Price found a support on 23% monthly fibo. image

EURUSD

One divergence just played out on eur/usd. Price came to resistance line, but there was no divergence, then price broke resistance for 20 pips and made a bearish divergence, that was a sign, and then price got back under resistance and tested it ...

Divergence without the indicator

Great post. Divergences can be very useful if you know how to use them. Personally i use them near horizontal S/R lines to confirm reversal or retracement. If oscilator doesn't diverge from the price near those lines it means price is gonna break ...

Divergence without the indicator

PA bounced from 23% monthly fibo. image

EURUSD

I know, but forex doesn't have volume like stocks, it's just tick, and volume is different from broker to broker so i don't look at volume. Edit: but it has RSI and MACD bearish divergence between left shoulder and head

EURUSD

Don't you use at least S/R, trendlines?

EURUSD

It could be that real right shoulder is forming now, and we need a C wave down. image

EURUSD

Right now looks like a pennant.

EURUSD

Now it's on 61 fibo.

EURUSD

Well, i think 1.3400 is a nice place to short this beast. Edit: Sorry, i meant 1.4000.

EURUSD

It's not bad for scalping.

EURUSD

It is on m15 and higher tf.

EURUSD

1.3861 strong horizontal resistance and neckline.

EURUSD

btw. i think bulls can not pass 1.3860, too much resistances on that way.

EURUSD

I'm short 1.3827.

EURUSD

Looks like a bear flag.

EURUSD

image

EURUSD

This thing gonna fall heavily, i'm gonna search where to enter for a short.

EURUSD