GBPJPY Short/Sell Idea
waiting for a momentum candle close below 138.60 to sell this one
1- Regular Bearish Divergence on MACD (in red)
2- Wedge Pattern (in blue)
3- Resistance/Supply zone from Daily (in green)
Three confluences are enough to consider Selling GBPJPY, after a break below 138.60 (in gray)
o divergence price to momentum
o head and shoulder pattern
o take profit levels are fib levels
o all NZD pairs show weakness and a consolidation
****risk management is essential in making thru this game, we aint like banks, our capital is limited so 2% risk per trade, ladies****
PAIRS IN FOCUS: GBPJPY / GBPUSD / GBPCHF
Spotted a few GBP pairs which shows BEARISH RSI Divergence signals. As per RSI divergence strategy, price looks set for a correction. A conservative TP would be the nearest support/resistance level. The PURPLE arrow shows the direction of correction, but by no means a definite TP...
Sometimes it is worth to check out other Timeframes than the ones you're used to.
I usually check 1-hour, 4-hours and 1-day Candles - but of course technical indicators can be applied to all kind of Timeframes in-between. And sometimes you can see profitable Setups that are not obvious on the default ones. So why not check 45-minutes? Or 2.5-hours?
Bitfinex:BTCUSD currently shows multiple Divergences on the 2hour Chart:
a few hours ago, ...
Momentum was rising while Price was falling
the Commodity Channel Index (CCI) was rising while Price was falling
These Divergences indicate that a Trend Reversal might happen soon.
I assume that Price will start to rise - at least to the level of the weekly...
For this setup we have: FX:EURJPY
-Major 61.8 Fibonacci retracement as resistance
-Major trendline resistance
-Major counter-trendline resistance
-Major and minor end of channel resistance
-Bearish divergence (H4)
Looking at the Forex futures positioning data for the week ending October 8, 2019, we have EUR short 75K vs 66K short last week. Shorts increased by...
This TA should give you better understanding of divergences
On the 2D chart at left side you can see bullish divergence which formed from November to December 2018
And I called it here as a bottom
Then bearish divergence formed from May to Jun and I called it as...
EURCHF is having trouble making new October highs after hitting resistance at the daily chart’s 100 SMA!
Does this mean that the euro’s partying days are over? A quick peek at EUR/CHF’s Stochastic flashing overbought signals for the pair. What’s more, there’s also a bearish divergence on the chart!
CADCHF Short/Sell Idea
waiting for a momentum candle close below 0.7520 to sell this one
1- Regular Bearish Divergence on MACD (in red)
2- Channel Pattern rejection (in blue)
3- Resistance/Supply zone (in light-blue)
4- Double Top pattern (in red and purple)
Four confluences are enough to consider Selling CADCHF, after a break below 0.7520 (in gray)
After a bullish divergence, both OP & Price are in harmony and are considered to have a harmonious action.
It suggests the market will continue to move in that direction.
Levels of interest: 9600 for Take Profit; below 7600 for Stop Loss.
The Optimism Pessimism indicates the amount of effort going into moving the market up or down.
HMMJ, The cannabis sector is going through what is now a 6 month long downtrend, and we might be near the end.
Setting us up for a Bull run through october and into the Earnings season, where hopefully we will see companies as Aphria, VFF, WMD etc. continuing there recent performance and build on and hopefully a resurrection of c CGC and TLRY to lead HMMJ to new...
Hello friends, welcome to my chart!
Looking at 0x(ZRX), the price finally tested the major resistance one again and RSI forming double Bearish divergence.
I definitely short this.
20% pull back at lest is guaranteed.
TRXBTC is hitting my forecasted October Elliott Wave time target and we are also getting multiple buy signals including River Theory, an alt bat harmonic, Momentum/Acceleration divergences, a bullish divergent price bar on the monthly, and volume divergences. Many long-term holders have also started to become irrational and capitulate as TRXUSD hit extremely low...
What a wild ride for SES - but now we see a bearish divergence of Price vs. CCI, so price might drop back to a much lower level.
The daily pivot hasn't been touched yet - so this might be the level that price drops to.
Using AutoDivergence to identify Divergences on the AMZN 1D Chart shows that in this case Divergences of Price vs. CCI might indicate trend-reversals pretty accurate.
There was a bullish Divergence that started at the end of September. Price started to rise on the first days of October an then went down a little-bit. This can be considered as pullback since the...
One big push early this morning then a drop has happened. Stated this on a zoom yesterday that a possible pump and drop could be possible as we do look weak. Now with the bears appearing it looks set to go back down