RSI Divergence showing us to sell setup but we need litlle confirmation to take of the trade after trend line break
Hey guys, today i want to bring you a nice opportunity on AUDCAD. In the daily chart we are back at previous structure and price is struggling with breaking it. We have already put a long wick to the top and so we want to get short on this pair. On the 4HR you can see we have RSI divergence and we've put a large engulfing candle that could be the first sign of a...
Hey guys, on EURUSD we are fronting a structure level on the 4HR chart. On the daily we sitting between previoous resistance and support and so i think it could be a nice spot to get short. As a conservative trader i want to see price confirmation: last week price created a nice double top with RSI divergence but i didn't short there cause the engulfing candle had...
After the last Doubletop got invalid, a higher Doubletop appaered. Possible short Setup if price closes below neckline. RSI Divergence still given.
FISV's long uptrend was broken in September. Prices have subsequently rallied and are testing previous highs. The RSI has not followed and is showing a divergence. Look to buy Puts when prices break the Keltner Channel. Play to first profit stop at 34EMAH.
Crude Oil has been rejected at the upper trend line of the 5 month long channel. It has also broken below the past 2 months trend line and the last 2 days move can be said to be a retest of this short term break down. Important thing here is the RSI which has failed to move above 70 mark in this entire upmove. Going forward crude oil i likely to head lower toward...
Hey Guys, We have a Cypher Pattern Alert ! Make sure you know exactly where you are taking profits and stop placement should be confirmed as well..... These pattern are " Bad and Boujee" - (meaning they are nice) Cheers to your trading in 2017 and remember NO revenue Leakage FX:EURUSD
The pair advanced to break the bearish trendline but soon after rejected the 61.8% retracement from December's high & a twice tested pivot level. Plus there is a strong RSI divergence indicating the pair might move lower. S/L has been placed above the pivot level (it might retest it). Will move it to B/E if 1:1 is reached.
Hey traders, another week of trading is starting and i want to share with you one of my analysis. Here on USDJPY on the daily timeframe we can see we couldn't get through the 118,50 level. Price tested it once, twice and then broke structure to the downside, giving us reason to believe it may head lower in the ensuing days. You can see there's also RSI...
Hey guys, on AUDUSD we are retesting the daily structure level that was a former support. Now that's been broken as you can see on the left hand side it could turn into resistance and provide a possible turning point for the bearish continuation. When price approached zones like this i use the 1hr or 4hr chart in order to find some good opportunities to short the...
Hey guys, second analysis today, here on audjpy we can see we are testing a former resistance level. At this point price gave us a long wick to the top candle (selling pressure) followed by an engulfing candle. All seasoned with RSI Divergence. That's enough for me to trade. Currently i'm waiting for a pullback in order to enter short. First target at roughly 1:1...
This channel upwards looks to be taking a breather. There is divergence coming through in RSI and BBs are likely to contract, I would anticipate that the enthusiasm has not necessarily evaporated it is more a case of taking some of the pressure out of the system. For better or worse the markets seem to be anticipating a boon from Trump coming into office later in...
Hey guys, i'm not trading until the new year but i want to give you some educational content. On the left hand side we have a daily chart. As you may see recently we broke to the upside two big resistance levels and now we are coming back to retest this level. The break and close above make me think the trend has changed and i think we may see another upmove. As...
The price break above Daily downtrend trend line and rally to resistance zone. RSI was overbought and showing bearish divergence. Expected pull back to 618 level before resume previous uptrend. This is not an trade advice.
Bear bat pattern complete. PRZ $112.198 - $113.023 Daily RSI bearish divergence & at overbought zone. Kindly note this is a personal opinion, not a trade advice.
Selling the German index. Missed the official entry for a Gartley but since the D completion is still under the X leg of the pattern we only get a better Risk/Reward Ratio. Chart speaks for itself.
Came into resistance. Bearish candle. RSI Overbought. There is also news dropping soon. I do not know how that will play out. What do you think?
Read text written on the chart.