RaynLim

RSI Divergence and Bearish Shark Pattern Combo Trade

بيع
FX:GBPJPY   جنيه إسترليني / ين ياباني
Today, let's delve into an intriguing setup on GBPJPY that combines a Weekly Chart RSI Divergence with a 1-hourly Bearish Shark Pattern:

1. Weekly Chart RSI Divergence:

- Observe the RSI Divergence on the Weekly Chart, signaling a potential weakening of the bullish trend.

- This divergence might serve as a precursor to a reversal or retracement.

2. 1-hourly Bearish Shark Pattern at 190.72:

- Look for a shorting opportunity as the Bearish Shark Pattern completes at 190.72 on the 1-hourly chart.

- Engaging in a short position aligns with the potential bearish sentiment suggested by the RSI Divergence.

This combo trade approach involves using higher timeframes for trend analysis (Weekly RSI Divergence) and pinpointing a precise entry with a harmonic pattern on a lower timeframe (1-hourly Bearish Shark).

Feel free to share your thoughts and trade plans for GBPJPY in the comments below. For a visual representation, refer to the chart link provided.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.