I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
Sell EUR/USD
This pair is currently testing its descending trendline (in blue) resistance and I'm looking for price to fall. There is hidden bearish divergence (in black) present where price has made a lower high while the oscillator has made a higher high. This hints for price to continue its recent downtrend.
I'm going to short at 1.3450. My stop loss (SL) will be 1.3490 since I expect trendline resistance to hold. My profit target (PT) will be 1.3300.
Sell EUR/USD @ 1.3450 | SL: 1.3490 | PT: 1.3300
