A simple trade using a harmonic three drive and RSI. Entry for the trade has already gone. But it could be useful to point to the setups and conditions around it, because it provide a great example of combining high probability technicals to initiate a trade.
The price provided a great shorting opportunity after completing a three drives pattern around 1.0770 level. A long upper wick was formed at that level confirming a high chance reversal. Meantime, RSI Divergence supported the short scenario.
Also, If you take a look at the daily chart, you will see a clear rejection and long upper wicks candles for the past two days.
All my ideas are just my personal view. Trade Your own view.
I have no incentive to post if i don't get enough support from you. Likes and comment.
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technican
The price provided a great shorting opportunity after completing a three drives pattern around 1.0770 level. A long upper wick was formed at that level confirming a high chance reversal. Meantime, RSI Divergence supported the short scenario.
Also, If you take a look at the daily chart, you will see a clear rejection and long upper wicks candles for the past two days.
All my ideas are just my personal view. Trade Your own view.
I have no incentive to post if i don't get enough support from you. Likes and comment.
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technican