Waiting for price to hit the 1.04000 - 1.06000 for a retracment and short term opportunity to go short. If Price fails to reject at point D a further up movement is expected Price is already showing some divergence with RSI Dominant trend is still uptrend
A great example of RSI/Price divergence May be helpful in deciding to go short Not advice - just an interesting observation which may form part of your decision making process If this helps you in anyway please "like" it - Thank you Good Luck Steve
Double bottom formed with RSI divergence. Wait for a 618 Fib retracement before getting long on this trade. Pair is currently on an uptrend (daily chart).
I'm long on NZDUSD based on double bottom and bullish divergence on the 4hr RSI.
GBPUSD buying here for a double bottom with positive divergence in RSI
Bearish pressure since the 20th should continue. Key resistance at 50$ price keeps on being tested but doesn't hold Target one at support should be hit at $49 mark. If price goes below 49$ I'd take further shorts. Price is retracing and touching both EMA's too
There is an important resistance level in the area of 40$ and the stock can't seem to break it. It tried many times but it remained unsuccessful. On top of that, we can see an important RSI divergence which can give us a hint on which way the breakout will be. The fear of the elections will also drag the price down below the triangle.
Looks like SPY is getting ready to move up, 14 RSI and price showing bullish divergence
NYSE:CLX showing bullish divergence between price and 14 day RSI
EURUSD Bat Pattern, Wait for Divergence The price is expected to retest that area and IF we get a divergence, in the zone we can take a long entry. DXY is also going up supporting this.
Hi traders, today in my morning analysis i've spot this opportunity in AUDJPY. My analysis starts from higher timeframe. In this case we are sitting in a previous 4HR resistance that could become support. The trend is our friend and we want to hop on that as soon as it gives us a reason for entry. So here we have a double bottom in 1HR with an engulfing candle...
Short position on AUDUSD, which failed to break the resistance line (yellow zone on the graph). We are now in a bearish trend.
USDCAD pair is reversing from strong resistance zone along with RSI making it a good short candidate at current prices.
Major selling will be reversed now, the dollar will weaken this week TVC:DXY So if the dollar drops gold will rise, target 1 can be 1280 then 1300 long term after that
Nice consolidation setup here on AudJpy. You got nice structure to the left, you have a ab=cd pattern with ratio confluence. And finally i got my entry signal at 14:00 (the candle marked by the blue arrow) with the double top on bearish divergence. There is also a gartley pattern in this mess, but since i missed the entry with a limit order, i had to build a...
FBR 0,328 showing already support in the past. In case 0,32 support will work again we can expect nice Risk/Reward. RSI also showing high probability of a turn.
Forming ABCD pattern , it's a downtrend , and regular divergence with RSI over there.