This week, the we will be covering two pairs, Platinum and GBPUSD.
Overall sentiment: Bearish
Current market condition: Bullish
I would love to hear your opinion, feel free to comment, agree or disagree....
Last week, price managed to break and close above the previous structure high. However, just before the market closes on Friday, we saw a double top divergence formed. With the double top divergence in place, we are expecting price to at least retrace to retest the 95.00 region.
As long as this level holds, we can expect price to head and form new high. However,...
We currently have divergence on 1 hr chart. Looking to short for a small profit with little risk involved. See the chart for more detail.
Trade safe and Good luck !!
Blood diagnostic OncoCEE-BR was used by Columbia University College of Physicians and Surgeons in New York City to aid cancer patients' diagnosis. Involved biopsies are no longer required, cancer can be detected with a simple blood test. The chart has strong bullish divergence, has just made a breakout with an initial target around 4 dollars.
Eur/Usd Pair is absolutely downtrend mode now. I believe that, This week eur/usd pair going 1.10 level. But, I found short term bullish divergence in H4 chart. I hope, this pair retrece from 1.3024 point to going at least 1.1393 or 1.1422 point and we can sell this pair from those point.
Trade Idea:
Buy Entry Point =1.3024
Stop Loss Point= 1.1258
Take Profit...
Please refer to comments on my other post regarding the Dax. This 2 hr chart will hopefully provide far more perspective. Sorry new to this and I published the monthly chart first without finishing it, instead if the 2 hr. Anyways here is the 2 hr chart
as you can see we are near support area and we have long time divergence which may cause increase the volume in the market and increase the price I think we could enter to low risk long position. it's better to break at least a last swing in lower time frame.
In this chart I used US 30 Year Treasuries weekly chart to explain how price and indicator analysis work.
I cover the basis of divergences, pullbacks, throwbacks, and exhaustion spikes.
Pullbacks (red) are seen when price and indicators such as RSI have diverged for a great length (wide divergence) or when you have weak divergence top comparing price and RSI....
This pair had a 300-pip rally yesterday on the 1H when most euro pairs rallied after the Greek election results were known and speculation that the victorious Syriza party would not force an exit from the Eurozone gained ground. It reversed when it ran into strong structure resistance at 178.93. After a pullback its now approaching that same resistance level, but...
Added the minor Elliot ABC retraction wave before uptrend continues with new Elliot Wave
Also spotted a nice divergence and a classic M Market structure.
Just need to get my volume profiles up and running so I can look at the Rejection area's for plotting the waves.
Bearish Divergence formed at the outer Bollinger Band extreme. Divergence shown on RSI, Mac-d signal lines, and histogram. Today put in the first lower high on the histogram along with price creating a reversal candle on above average volume. Looking for a drop back to light support level.
I was just checking this weekly graph of the Dollar Index and I just saw a divergence on RSI and price action. As we can see, the US Dollar is making a new high this week BUT the RSI is now. Actually, the RSI made his high few weeks ago.
This is a signal that the current trend is getting into the final steps of the current trend, this does not mean that he will...
Similar to AUD/CAD, AUD/CHF is setting up for a short opportunity with the following in view:
- inside bar following high test bar in pull back to 50ema
- price rejection at resistance at ~0.8210
- price retraced to 0.618 Fibonacci level which coordinates well within proximity of resistance at ~0.8210
- Stochastic and RSI in overbought territory
- Stochastic and...
Confluence of factors for short set up:
- resistance at ~0.9590 (also weekly resistance)
- inside bar formation in pull back below resistance
- 0.786 Fibonacci retracement/rejection
- hidden divergence (bearish trend continuation)
entry - below low of inside bar
stop loss - above mother bar
target - previous swing low or 1.272 Fibonacci extension
High Probability trade of the day
Long EUR/JPY @ 141.40
Target 142.50
Stop Loss: 140.90
Notes:
Bullish divergence observed on the 15 min chart
Possible inverse Head and Shoulders Formation
Price broke above the cloud (Bullish in 15 min)
