Just noticed this trade guys. I'm not taking it because it's not yet part of my plan but it looks promising so deemed it worthy of a share. The risk reward profile has the potential to be high. Reasons: Big RSI divergence, Oversold RSI conditions, Doji reversal candle followed by good sized engulfing if current 15m candle remains as it is, Break of channel,we are...
FX_IDC:GBPAUD Safe Trades;
For complementing the notes on the chart, I want to point out the following: a) At the moment, RSI is showing bearish divergence. b) ATR keeps following an opposite direction of price's, meaning the real trend only emerges when price declines, a behavior verified since March 2009.
The stars are aligned, lets short this SHIT. BE AGGRESSIVE. B-E AGGRESSIVE. RSI Hourly and 240 Showing Overbought. Upper Wedge and Microwedge 3rd legs formed. After US OIL data this morning, no significant rise on GU. A So-SO Hourly Bear Signal bar Formed. Things look ok Short. I Sold @ Market @ 1.32443 If things go sour, just exit and chase the Bull trend if it...
NASDAQ:QCOM Safe Trades;
trend line breakout and RSI divergence and take Fibonacci retracement 23% support it can go upto 778 1st tgt
The bearish trend is still on. This implies that USD/JPY will go down and break the support area. Short position opportunity !! The support area is showed by the black trend line.
I am currently holding my long position on EURAUD. I got involved in the blue cypher pattern with stops resting at 1.4476. We violated X but hold the 1.4500's even handle. The bat pattern and the double bottom with RSI divergence adds further strength to this setup. Trade your plan! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
There is a lot going on in this chart that lead me to reason that the price is going to move down. We will start off by saying the 4h chart had been bearish for a little while before making a double top on July 11th. We then see the price make a lower low followed by a lower high. We can also see RSI divergence here and back at the double top. We can also note...
There is a lot going on in this chart that lead me to reason that the price is going to move down. We will start off by saying the 4h chart had been bearish for a little while before making a double top on July 11th. We then see the price make a lower low followed by a lower high. We can also see RSI divergence here and back at the double top. We can also note...
MHG has been in a strong uptrend for quite some time and now appears ready for a correction. RSI and price are diverging, signalling reduced momentum in the trend. A strong close below the trend line would signal a short. After the first resistance zone there is potential for an even larger decline.
EURUSD gave us 2 back to back chances today, the first being symmetrical triangle and now Double top. Probably a lucky day for us with EURUSD combo. This double top also has bearish divergence, current candle being Doji wait for bearish confirmation to enter short. Hit Like button to keep me motivated to post more ideas...Thanks for your support ! Happy Trading !!
+++ Don't forget to LIKE & Follow+++I've spotted a Bearish 2618 setup(with RSI being OB+RSI DIV) at market here on 1H, EURUSD. Stops above the higher high of that Double Top Formation and I'll be looking for a targets retest of the last cycle bottom.This setup is providing more than 1:1 Risk/Reward ration - a nice counter trend opportunity. If you wait price...