GBPJPY is in a bearish trend so we're looking for opportunities to sell. A good opportunity would be at the 159.20-40 area since price broke a trendline and we would like to see a bounce from 0.618 fib up to retest the broken trendline before heading downwards again.
trading RSI divergences like this mostly always worked for me. AUDUSD seems overextended here, but be cautious, the dollar is not looking very healthy atm. The three targets are a structure support, .23 and .38 fibonacci retracement. I would try to scale in with for example, let's say, 30k, 10k each one of the 3 positions - just to be safe, I would take one TP at...
FX:EURGBP Time for a sizable move down as indicated by the divergences on the daily chart.
2618 TCT Trade with Double Top with RSI Divergence and also fib confluence and evenhanded Numbers right their
USDJPY is facing a trend resistance and forming a bearish divergence. Target = 112.22
This bearish bat pattern could possibly form in the next day. Coupled with the pattern is bearish divergence on the RSI, which has already ventured into overbought territory, so hopefully does again once the bat forms.
Market has levelled out while RSI has dropped - divergence.
Indicator have a suport region and is going along side, but price is going down. Sugest possible price increase.
Possible trend change in Atlas Copco as you can see at the bullish divergence in MACD and RSI. But it depends much on the company’s future and for Atlas Copco that is hard to predict.
The S&P 500 has been rallying strong over the past couple weeks. As you see it might come to a stop. The RSI is high indicating that the the S&P 500 has been overbought. Also the signal line in the MACD chart is crossing below the MACD line thus signaling a short. The final indicator that is might trigger this fall and potential profits is the penetration of a...
Buy this divergence on platinum. Two sets of divergence between market prices and the RSI index. Market is still slightly in oversold region so good to buy now.
MACD on daily about to cross. Relative Strength and Money flow are good. We are very close to publish our website www.penniestothousands.com which will have four audio tradliminal trading tapes plus an invitation to join for our monthly fee of our trading room. Even though the markets are closed tomorrow there will be some economic data so KEEP AN EYE ON IT! The...
Very strong divergence between the market price and the RSI, which is approaching an oversold region. I would go long now or wait until the RSI actually goes into oversold territory. Just posting these RSI divergence trades as ideas, I don't usually trade them but it will be interesting to explore this as a potential addition to my strategy. See below for...
USDJPY SHORT STRUCTURE BASED TRADE With Feb Confluence with Previous Support now is Resistance with Double Top and RSI Divergence
Resistance at $2.16 -- Building a base with difficult upward movement. Jump up in 2 - 5 market days.
This rally is looking a little long in the tooth. I am not ready to "call a top" but there is evidence of weakness in the small cap stocks. I do not like when small caps lag in a rally and we have IWM (Candle chart) and the QQQ (red line) lagging in a major way. If they turn over, do not underestimate their ability to pull down the rest of the indices.
We have a nice GU long option for the GU. At all times, wait for confirmation and lookout for breakouts. Don't trade it if it breaks through the support level or structure level. Again guys, watch the annotations in the chart and all best of luck! Best of trading. - Max
EURUSD Brussels Attack Caution Just a short technical assessment: I see maximum downside risk for the EURUSD-0.31% at around 1.1150, which is 0.38 fib support, upper ichimoku cloud and bottom of march uptrend channel despite a strong H4 bullish divergence in the RSI On the upper end we could see a move to go through 1.13 levels and finally knock out 1.14. Be...