Some new setting on the Oscillator Divergences Indicator.
Fixed the label position when plotting on the price chart.
Added option for EWS to only plot the currently developing divergence (if any).
Added a bunch of presets. These can be when plotting on the price chart and all have the standard defaults.
RSI: Relative Strength Index
MACD: Moving Average...
Have a look at the related links for indepth analysis for XAUUSD pair.
the pair seems to be headed towards the ascending weekly trendline which lies at around 1270.00 level. Tonight's FOMC meeting results will probably decide the fate of this pair and we will wait to see if the H&S pattern will be completed or not. i am already SHORT on GOLD will my TP target...
Hey, traders. Here on the GBPUSD, we have a great example of a CTS type of trade. This market is at a previous HTF level of structure. It has also gone overbought on the RSI on higher time frames. Now, that alone is not enough reason for me personally to enter a trade, but taking it down to an hourly chart, here we have a nice double top. This double top looks...
Cardano! Shelley! Or just a flop?
Buy the rumour, sell the news? Seems like this is what happened to Cardano, with a nice swing high, breaking out from its inverse HnS, together with much news on the explorer, partnerships, Shelley testnet etc.
Anyway, enough ranting about old news. So what is the chart telling us now?
I'm rather optimistic for the following...
Very nice double bottom setup with RSI Divergence, for double bottom fanatic, here you go.
On a higher timeframe, my previous post I did share a bullish shark pattern. For cumulative points system trader, this is an addition to the setup.
This 2 trade got caught by the market. AUDUSD got back to the entry price, but still within the sell zone and with RSI Div. I will still hold onto this trade till it either hit targets or my stop.
NZDUSD, on the other hand is much more tricky. No doubt that is an RSI Divergence as well but the candle break and close above the sell zone forming new high. I will...
Following up from previous EOS TA, a possible reversal to the upside may be in play
Opportunity spotted, looking for a breakout to the upside from most immediate overhead resistance on the 50MA (in green).
Clear 3x instance RSI divergence (high highs on RSI, lower lows on Price) indicative of a reversal pattern - compare this against the longer time...
EUR / AUD - Technically, the pair has broken its bullish trendline. The price failed to hold the breakout of a critical resistance on the red line.
We expect the pair to be bearish and move to the green support levels
- Support becomes resistance
- RSI divergence
- Broken bullish trendline
I love such entries because risk-reward is good.
GOOD LUCK and take...
A type 2 Bat has formed up, so what is a type 2 bat, it simply means a retest of the entry level of the bat pattern.
Although if the Bat has hit the 1st target during the setup and it is also a counter-trend move, it is not my favourite bat setup for a retest as some traders might have already exited this trade (losing the force to push it up). In this particular...
A Bearish Deep Crab pattern engaged a reversal. Short target 1 (434) got hit with the type I reversal.
Matic passed the target 2 (400) with this type II reversal.
Talking about this type II, it has to go back to the point where it initially started and on this matter I have another Deep Crab pattern BUT this time it is a bullish one. I kind of expect it to turn...
Waiting for a double top to engage this short trade as a trend-continuation trade.
Great trading opportunity for aggressive trend traders but to note the stops might have to place above the bigger pink box in preventing stop-out.
Conservative trader can look into single target engagement.
Did I mention it is also a 5-0 pattern? :)