Forex Zone Rookie charting

RSI Divergence only gives u an indication of a possible reversal ... but PA is king..
You cannot solely base on RSI divergence as your entry, that will sometime gives a big drawdown before you even start profitting.

Look at this chart and yes it support your rsi divergence point of view

Using these techniques will give you a higher possibility of trades being at your side and profit most of the time

This is another LIVE example

I think this two example gives u easily 60pips profit

thnx for your insight

Back to Basics.

Eur/Usd, totally worth shorting for 30-40pips target. SL above 1.1146 level

Daily point of interest : Previous 1.1206 as major resistance , if fails to break it will then possibily form a daily bat battern all the way to 1.0880 level as major support.
Note: (In fact price in the range of 1.1120 - to 1.11206 area , any reversals could also suggest the 1.0880 level)

A breakout from 1.1206 level would signal a n uptrend movement to 1.1360 level

GBP/USD daily:

Bearish Gartley pattern should be completed anytime soon (this week or next) ... While a huge retracement after completion is anticipated to projected butterfly pattern as shown in the daily chart below

Tomorrow's GBP entry would very be dependable on the rejection of the Daily S1 pivot

AU, UJ and UCAD would be posted one hour later, and followed by EJ,EA , GJ and GA

AUD/USD daily: the Bullish movement is mostly due to the completion of ABCD pattern on daily chart.. a breakout of this major suppor t of 0.7233 , AUD would head down to 0.6890 level as the next target.
There is some few fundamentals u would like to focus on for AUD which is the China economy stability and also the gold price.. gold prices seems to be supporting the fall on AUD on the current moment , even though things are getting a little rough down at china. However, watch closely .. China might not go out of hand as what many economist said.

In my point of view, China has all the reserves to fight themselves out of this bubble they created.
One question: previous article from forex factory yesterday i read said that asia might have enough reserve to support the economic breakdown unlike 1998.. such as Indonesia and many others, WHY not CHINA?? so i tend to neglect most of the articles saying that China cant do much to support their economy.. They have everything to bring the whole economy back to normal. It just gonna take some time. Cause timing is the main factor of economic equilibrium.

So... before we see any sort of stabilization in China, i would expect AUD to go far.. it might just play around that range untill further signs formed.
IF everything goes well for them, i guess AUD rebounce target would be around 0.8000 in a long term view.

Back to medium or short term... Long entry should only be entered @ 0.7285 and below.. whereas short entry u could enter on any harmonic or fibonacci patterns if u found them.
Overall i am bearish on this pair on will look for 0.7253 as short entry target.
Note: Look for pattern within for your short entry

Whereas any upward move would be heading to 0.7483

USDCAD. Daily: 1.4117 target, AB=CD pattern still prevails.... But we have a crab pattern formed in between for short opportunities..
Lets switch to H1 to look for entry..
We have a bearish butterfly and bullish gartley forming... entries at those level would be the best choice..

Stay tune to crude oil movement.. they tend to move together.. Oil price up, CAD up... basically thats how to fundamentally justify CAD's strength.

E/U long would be 1.12100

E/U long triggered @ 1.12100

GU long @ 1.52750