RSI Divergence Again...
Absolutely crushed this one. Knocked it out of the park. Perfect RSI divergence set up off the daily chart 38.2% fib. Couldn't be any happier the way this trade worked out.
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RSI Divergence Is Back...
This market has been a real bear with tight ranges and volatility that borders on insane some times. It's these times when it's good to be familiar with more than one solid setup. I've used this in the past. It's the RSI divergence set up on the 5m chart. The trick is to use this only at S/R levels from the higher time frames(daily, 4-hr and 60m). It can provide a nice tight entry with limited risk. If you look, you'll find several setups across the major pairs every day.
Cable to the Rescue...
During an incredibly slow Asian session I was fortunate enough to find this little nugget. A nice short entry off a lower high at the weekly high. Inside bar on the 5m chart was my signal. Price sat there not moving for nearly three minutes then dropped very quickly.
Eur/Jpy Winner Again...
The change of hours to the Asian session has worked out well so far. This trade was initiated just minutes after the Asian open. To be honest, when the large drop happened just prior to the open I was a bit dismayed thinking I may have missed the start of the next leg down. But then price found a bit of support. I looked for another test of the now previous day's low, found it and along with extra confidence from the divergence on the 5-min RSI, the trade was entered into. It traveled nicely up to the daily pivot at 127.20 and then a bit past it.