RSI Divergence on ENZDJPY. Mondays price action gives us a solid bearish as an entry with strong Bollinger band extrusion. Stop placed above recent high and limit placed at 50% retracement of recent move for 1:4.4 R:R.
Hi All, Recently I came to a new understanding on RSI and MA and how one can trade with this indicator. ************************** I have leveraged others scripts and created my own RIS_EMA\MA indicator, soon to be share out, so watch my space for this. I believe others have done this but I feel a cleaner job can be done. ************************* Using Fib Fan...
Cryptocurrency Practice #3 Confluences: 1. Weekly ATR at lows. 2. RSI is printing a weekly bullish divergence. 3. Bounce from year long trendline and monthly CAM S4. 4. Bounce from 85.4% Fib retracement level of Wave 1. 5. Currently showing bullish momentum along with other coins. Leave a like if this helped you at all, would help a lot!
BankNifty looks Bearish and ready to explode, Double Top formation happened on 11/11/2019 and 18/11/2019. Sell Immediately with a StopLoss of 30204 on closing basis at Spot Price. Also there is Bearish Divergence on RSI
Wolf pattern and RSI divergence, i think uptrend short-term.. break a leg!
Bitcoin: bullish divergence as shown on the 4 hourly chart.
RSI Divergence on EURPLN. Combining Friday & Mondays price action gives us a solid bullish hammer as an entry. Stop placed below recent low and limit placed at 50% retracement of recent move for 1:4.3 R:R. One slight drawback on this setup that isn't sitting right with me is the fact that the lower bollinger band has not been tested although the RSI dipping to 25...
RSI Divergence on USDNOK with reversal candle ( Shooting star ). Stop placed above recent high and limit placed at 50% retracement of recent move for 1:5 R:R
Price has made a strong Bullish rally and broken through Triangle Wedge pattern and has now stalled at the 78.6 retracement from the last major swing. I expect bearish retracement from the price. I expect a fall to either 61.8 or 50 retracement line from the last main swing. Each of these lines represent an area of high support / resistance from structure....
ITC seems to be making a bearish divergence. As indicated in the graph at the reference Bar following data emerges. c-248.90 rsi- 51.36 22-10-2019 Now our comparative bar poses below picture: c- 249.05 rsi- 51.17 24-10-2019 Thus we can clearly see that despite the Closing price being higher there has been a lower rsi. Looking to achieve target of 236 within...
It's good time to enter a short trade on this chart. USDCHF has broke the trendline before and I think that was the pull back, now price is on the 0.618 level of the fibo retracement.
Coming out of the Falling Wedge we have Double Bottomed testing previous resistance as support. MACD, RSI and Stoch Showing Bullish Divergences. Near future incoming price at 62-78 SAT range as shown in blue box. This is not Financial Advice. Good Luck Traders!
TWLO has been pulling back since mid-July with the pullback now trying to bounce off the 61.8% retracement level. A bullish divergence has formed between price & RSI as well. There is potential resistance around $122. If it can get above that level then I would be looking at the 38.2% Fibonacci Extension level.
- ETH/BTC is forming a hidden bullish divergence on the daily chart. - Expecting price to go up soon. - Confirmation ONLY when RSI close above 50. - Patience..
Hi Traders! The market was moving in a good uptrend. Now it is getting weak because of the trendlines you can see and the volatility decreases. It is now possible to slowly start a new downtrend. Furthermore, the RSI is firstly overbought and secoundly it shows a divergence. We recommend to sell the brakout with two 2TP-Targets with a risk-to-reward of 1 to 2/6....
CHART ANALYSIS Looking at the weekly chart of the S&P500, you can see the price has been making higher highs since January 2018. However, the RSI indicator hasn’t… The RSI or Relative Strength Index is a popular indicator used for when you buy or sell trades. All you need to know is the RSI measures the speed and change of market price movements. And if...