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.
Monthly RSI divergence. Price trading outside of long-term price channel (dating back further than 1987). Price tested the "supply (overbought) line" to the mid-term price channel (dating back to 2009) and got rejected (red arrows show past and present rejections of this line). We are due a big bear (recession) market. Look to the bottom of this huge long-term...
CRM is currently leveling out around the $73 mark. The past pull back was only to $73. This is a key level of support for the stock. Also, the MACD is curling and could break through. Either way this is a key level. Bounce = Buying opportunity, Drop = wait/selling opportunity www.trendyprofits.com
Price as well as the RSI have falli in a wedge shape pattern, The RSI has lid sideways out or the wedge but not enough strength to get back above 40. I do believe it will stay there until a bottom is in.
Looking to see if AUDJPY can reach the top of channel in this possible wave II.
The RSI can be a great trading tool if used properly. Most Traders use it for an overbought/oversold indicator and that is the worst use of the RSI. As you can see from the chart, there are multiple short term trade setup in this one hourly chart. Although I am only showing 3 examples there are many more setups on this chart but did not want to make a mess...
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I think USD/JPY will be bearish first - the bands have contracted a narrow range that we can see on the graph. So down first and then bullish. This is my first time using Bollinger Bands. Feel free to comment and to give me your opinion.
Price broke support and has pulled back Plan is to short the pullback RSI DIV MACD4C DIV 10MA Crossover Trade will be entered on blue support break TP1 @ 180 pips TP2 @ 300 pips
OTE Zone from the $41 push up. Hidden bullish divergence -0.83% on RSI into the historically oversold area. High confluence orderblock.
This is looking interesting. Not much to say: RSI divergences developing, with the stock down 45% since March. The selloff seems fairly exhaused. Nice risk reward, if you put a stop at 4.79 and target at 5.27