We have a Bullish Bat with Hidden Bullish Divergence Visible on the 1 Hour just below the breakout point of a Right-angled and Descending Broadening Formation. If we bounce here it can result in Macro Moves.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/JPY Buy. Enjoy the day all. Cheers. Jim
If this level were to break i think it would have a clear shot down to 386 but if we can get some performance out of this Hidden Bullish Divergence on the 4 Hour then we would be in the early stages of forming a Double Bottom Pattern that at the very least could take us back up to the neckline.
Will be adding to my long here and targgeting the top portion of the range on AUDUSD
I'm expecting the EUR to push up towards 1.03-1.04 from here off the Hidden Bullish Divergence visible on the 15-60 Minute Timeframe.
KDABTC has a clear rising wedge structure and since it is at support the next move is primed to be to the upside. There is a lot of hidden bullish divergence on the RSI and MACD (and a host of other indicators) and the Stoch is showing momentum is breaking above the 20 level, which shows price is technically coming out of a downtrend on the weekly...
TLDR: Indicator similarities suggest a strong buy for accumulators. Introduction Price actions causes indicator action and so you can see patterns on indicators stemming from price action. As price action tightens you can see different indicators tighten as well. Most tightening actions on charts is formed by triangles or wedges and as this idea will show,...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/NZD Buy. Enjoy the day all. Cheers. Jim
LTCUSD has been sitting at a 88.6% Retrace for the last few weeks nowholding above both it and above a falling Wedge that it's developed on the weekly timeframe. If it can bounce back up from here i think it will have 3 profit targets: $420, $515, and Finally $645 as that would align with the 100%, 127.2% and 161.8% Fib Extension targets. My targets for this...
RSI divergence spotted, indicating bullish breakout. Bearish price action and bullish RSI trend confirms breakout. NASDAQ:CLVR
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/JPY Buy. Enjoy the day all. Cheers. Jim
TLDR: This and my linked post make a very strong case for limited downside, accumulation and reversal for the next several years. Don't get stupid with margin trading. Analysis I use the gaussian channel to find when an asset is undervalued for chosen time frame. Bitcoin has a history of going sideways under the gaussian channel and so far has never returned...
We have a Potential Inverted Head and Shoulders with some Hidden Bullish Divergence on the side with the new's of Boris's Resignation we may have an Elevated Chance of seeing the GBP perform well enough to atleast trade back up to the Neckline.
BTC has been hammered but there is a lot of buying interest now. This is the 3rd week it has found support at the 18,000 - 20,000 area and we feel this will be a big move upwards. M15, M30 and H1 is oversold. There is nice divergence in M15. Time to finally BUY BTC!
This divergence suggests a bullish continuation. Can we get a follow through and move back in to a bullish market once again? We can't say at the moment. Once day at a time, until we get further evidence for now we trade what we see and follow the evidence we do have. We simply add this to the evidence. The rest of the evidence is in my previous posts,
Bullish chart patterns for TRACBTC / OriginTrail. A Cup & Falling Wedge handle with trendline support & hidden bullish divergence on the RSI. This is on a weekly timeframe on logarithmic scale. I think a massive outperformance of TRAC to BTC will occur very soon. Also check out my idea on the TRACUSD pair where the 4.236 Fibonacci extension has pinpointed the...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/CHF. I also closed the remaining Sell trade from the 12th of May for an overall small...
If you have been following my charts for a while, I suggested that the general markets could turn back up as the monthly had blown off its extremely overbought state since I started posting in December. Now that they have bounced we can see that the bulls are not done yet and are looking to cross the 200ma on the 4hr time frame. The hidden bullish divergence...