From the daily chart of M&M FIN, we can confirm the uptrend and RSI confirmation to buy has been crossed. Wait for the stock to cross the trend line, as shown in the photo, after crossing it, buy the stock with the target of next resistance line. Keep an eye on it.
Recently BTC made a higher high on the chart, touching the upper trendline while the RSI made a lower high indicating a bearish move ahead. Furthermore BTC drops below supportline of 9500 where it will bounce to lower levels. Predicting the lowest it will go is impossible so I would set my buy orders starting at 8600 to as low as 7800. Good luck!
hello traders wish you have a good day in your real life... it s a good setup for breaking down however im waiting for more information.its a 50 50 possibility either it goes up or down , if moving averages passes the box it could be a good sign of setting up a daily short trade ! let me know your ideas in the comment that ll be helpful ... have a green portfolio...
USDMXN bullish trend has remained for years and after February's & March's bullrun, it is only normal to see a healthy correction. As it appeared, the bull run of February & March has seen a retracement (almost) to the .618 fib. Although we are still in a downtrend, I am waiting for price action to break the white dashed trendline before opening a position. I do...
I decided to put my money where my mouth was, and trade based off the RSI. I made a BOT that would trade LTC off 30 and 70 Low and high RSI. It would buy at 30 rsi on the 30min and sell off the 70. It worked...but it could have done better. It would buy then the price would drop lower and then come up or sell and the price would go up and then come down. It had a...
Evening Star Pattern On Top , With A HIGH Volume Shows Buyers Are Not Willing to Buy At Higher Levels , Nest Candle Down , With A Low Volume Indicating Buyer Strength Are Getting Excused . On 75 Min We GET RSI Divergence But In Daily Divergence Are Yet To Show , 1st Case :- Price Can Came Down Hold Near About 85 Zone Then Can Touch lower Trend-line Or If It...
NZDUSD - The Kiwi has had a good bullish run in the recent past but the longer term trend suggests this is now topped out. Backed up with a bearish RSI divergence, pending stronger dollar and meeting supply on its trend line. Currently, price action is attempting a retest of the upper trend line. I think this will fail and we will see a bearish trend. FX:NZDUSD
The AUDCHF pair had enough retrace and now is going back to the up tend aiming for a higher high. TP and SL is described
Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #GBPNZD Price potentially bottomed here ate important structure level, provides falling channel into a structure with slightly RSI showing divergence If it breaks out and establish a trend on the lower time frame I will consider...
I have just opened this position on EURCHF . Been in a downtrend since May 2018. I would maybe expect this leg down to be the last before a potential reversal after meeting historic support. RSI bearish divergence, supply met on upper trendline , maybe a buy once the dash trend-line is broke is the safer option - lets see.
GBPAUD reminds me a little of the EURCHF I have just posted, only inverse to that. GBPAUD has just completed quite a deep retracement back to its 3-4 year long hard trend-line. It almost stands to reason that we should see a reversal here regardless - but the markets have a habit of surprising you. I am going to monitor this market and enter a long position when...
From the hourly chart of Gail India, we can see on the RSI indicator that it is showing negative divergence. I have drawn trend lines on the price chart so take your buying/shorting decision accordingly. Buy above above trend line confirmation (Let RSI trend peak line be broken) Short below below trend line confirmation
Hi Guys, NVIDIA shows bearish divergence on the weekly and the monthly timeframes. Even the hammercandle on the weekly can end the parabolic trend. Parabolic trends a quite dangerous to short so use your SL smart. Let me know what you think about it. Regards, NLMarco
Hi Folks Targets on Chart Swing Trade Showing some bullish signs #RSI Divergence #Macd Crossed #Trending up If you like my idea please hit the like button and subscribe. Comments Welcome. Thank you. Kind Regards Dave Barnes
the stop loss reach two time and we have a divergence of RSI. If my idea has help you, support me for liking et partage. Good Trade. This is for learnig purpuse.
Good Afternoon Traders, Due to the recent earnings report released by CRLBF and possible formation of a new Support, the recent upward trend may continue to a new Resistance. The Cannabis Industry has been releasing positive Quarterly Reports during the ongoing COVID crisis. This may prove Cannabis to be a more inelastic good than previously thought. On the...
Hello, The signal is moving in this triangle. I think it is likely that it will reach the first red circle (9k-ish) considering the RSI and MACD divergence. The median of the pitch fork behaved like a support on May 10th, it is a possibility that we retest it (second red-circle) at around 8k3-ish. The worst scenario being this support turning into a...