On 4H chart, we can see that the price is at the resistance zone. And, we can see a 4H RSI Bearish Divergence.
On 1H chart, we can see a 1H Bearish Divergence on RSI, which confirms the bearish bias on 1H time frame.
On 10 min...
Audcad seems to be at the bottom of a wedge falling into the support zone.
Mfi is starting to level out thus forming divergence with price slowly going down. This can be a good indication to go long.
I'd spread out my entries to get a better r:r if possible.
I've given a general idea on how 1 might do so. This example shows 3 entries each of wich should be...
Testing channel support today with a potential bullish divergent in the making.
Long at channel support 3.34 (more "aggressive" entry) or wait for it to rise above 3.38 (confirmation) to Long. I would put initial stop loss at 3.29 and with initial target at 3.60 -3.65 (recent hi)
Disclaimer: This is just my own analysis and opinion for discussion and is not a...
Hello friends here is an classical of an trend change, this is an informative example, please read all details in the chart.
Waiting of a re-test of 0.236 % fib level and looking for continuation to 127 price on EJ. Also the divergence was indicating in a trend change.
Analysis of #USDCHF
Here we have a successful retest of structure with a confirmed higher high higher close candle, with the possibility of this pair going up
I think we have a poetical of USD strengthening, as I have seen dollar getting supported against the NZD and AUD check my post about those two pairs as well.
I am already long USD in different pair...
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Una gran divergencia alcista se ha ido formando en BINANCE:RCNBTC , rebotando repetidamente del mismo soporte varias veces, mientras que el RSI sigue subiendo. Gracias a que el soporte esta tan cerca tenemos la oportunidad de poner un buen SL.
Objetivo 1: 0.00000730
Objetivo 2: 0.00000796
Objetivo 3: 0.00000860
Good Afternoon Traders,
Due to the recent earnings report released by CRLBF and possible formation of a new Support, the recent upward trend may continue to a new Resistance. The Cannabis Industry has been releasing positive Quarterly Reports during the ongoing COVID crisis. This may prove Cannabis to be a more inelastic good than previously thought.
FBMKLCI is closed at a new 7-month (2020) high at 1,611.42
However, the price is making a higher high (HH), but the Relative Strength Index is making a lower high (LH). This indicates the current market action is losing its momentum and weakening, meaning it could soon change direction.
Gbp pairs have been pretty bullish these last weeks and they been serving pips 🥰 They all seem to be pulling back at the moment. There may be an opportunity to enter a long position, if we get the signal. Bullish flag 1hr and 4hr and bullish divergence on 1hr.
Will update if I enter.
Break of long downward trendline, MACD RSI divergence on the daily & 3D. Have we found the floor? Is Alt-Season finally here? Will WTC do a 5X soon?
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DYOR. Not Financial Advice Just an Observation.
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On the EUR/USD pair, we run a long-term short trade again. Engulfing pattern on a daily chart, RSI divergence on a 4-hour chart, the nearest key level is far enough for a great Risk-Reward ratio. This idea is similar to the USD/CHF pair. If you want to trade the dollar strengthening on both charts, beware of cumulative risk!