GBPUSD has had a bearish bounce on my set up. Look how historically the currency has acted once it bounced. Potential for a big move if it breaks into buy zone.
Good day, The GBP/USD cross is offering a sell signal this evening. Signal: - Double top - RSI breakdown - MACD bearing divergence Note: - Protect pips if there is a flurry of activity around the Haiken Ashi (smoothed) line Potential Drivers: - Pound selling due to political activity - Risk off flows bidding up the dollar / pushing down the Pound All the best, AL
EUR/USD is sending a rather firm sell signal this evening. Signal: - Price trading off of elevated ATR channel - Second run/test of Haiken Ashi (smoothed) - Triple top - RSI breakdown Potential Triggers: - Risk off flows bid up the dollar/ push down the euro - Potential dollar bid if US data attracts fresh capital All the best, AL
Hope you're long Bitcoin...if not, appears to be about $150 of this dip left to buy. Momentum is once again with the bulls. Watch for $9,200 to hold on the next dip for "confirmation" but this is as good a spot as any to get long.
Oof, I will just be honest here, chances like this you won't find often. Longing this like there is no tomorrow. - Kumo break with some cooldown - Clear bull div on the renko chart (pretty big brick size) - 3 bricks printed = my confirmation to go in this case. - OBV seems to have bottomed out nicely. Target: 20% longerterm.
Low time frame Renko chart for Bitcoin with moon cycles, trend lines , cloud, RSI , and indicators.. Enjoy
As you can see, TVC:GOLD formed a very rare yet really strong pattern called ‘Three Buddhas’. This pattern is similar but identical to the western ‘Head and Shoulders’. Notice how the third Buddha’s leg is breaking two resistance (waists in Kagi terminology). Considering the high price of the precious metal now, it could be a reversal point since the chart has...
Just like all the other big caps and blue chips, Litecoin is showing a shift in momentum. - Big divergence on higher timeframes. - Super tight daily OBV channel. - 6H kumo breakout + some healthy retracement. - Conservative target on the chart. Litecoin looks ready for a pump. Also take a look at one of my older charts on the Bitcoin dominance The idea is...
I'm not from the future, but i can guarantee you this will move up to at least TP1. Of course I'm joking, but I am definitely long here. - Divergence playing out after 5 wave down move - Close above kijun on the 4H renko > super saiyan signal
Long SBM Offshore - New uptrend started - Close above 150EMA > rejected, but managed to close above again + break the swing high.
Newbie trying to keep the chart simple by using Renko and an ATR based trailing stop.
I introduce the RENKO - RSI Merge feature. I am very happy about this as it solves draw down problems as well as sub-optimal entries after oversold or overbought conditions in a long/short trend.
The rsi is above the 60. At a renko chart means that it will go up.
I answer several questions by folks that are trying a demo of the strategy and companion indicators. This strategy has excellent backtest performance on $BTCUSD, $LTCUSD, $EURUSD, $GBPUSD, DJI/NDX100/SPX500 futures. RSI-RENKO Strategy . Renko Trend Momentum Indicator.
Upward thrust / last point of supply suggests we will retest this area with, I think, a general move downwards. This isn't 1minute - it's renko, so check the x-axis before you discriminate. Using Twiggs Money Flow, Linear Regression (top), Renko, Decay / Volume Weighted Moving Averages. Enjoy the profit
Stopped out on $FTM/USDT lol the third time wasn't the charm.
Closed out right below entry price for less than breakeven