A double-headed head and shoulders were spotted on the AUDUSD H1 chart. While this is rare, it does move the way head and shoulders move and is often overlooked because of its weird-looking candlestick pattern formation. Perhaps we should call this the Two-Headed Orc's Head and Shoulders. Well, joke aside, I'm waiting for pattern confirmation before engaging in...
Hi @everyone, We just releashed or first free to use ALL-IN-1 rsi divergence indicator. Go to scripts to apply it on your chart, this is just an screenshot. Cheers, Team Quantistic
I like to make it clear over here. EURJPY on the Weekly Chart, Daily Chart and 4-hourly Chart shows a bullish trend setup. However, I'm waiting for a shorting opportunity at the retest of the key resistance level at 141.91. This analysis will stand for me if the market doesn't break and close above 142.18.
The simplest-looking analysis often is the toughest to plot. I'm waiting for shorting opportunity as early as the market open. One thing to take note, make sure the market didn't gap up and close higher than 1.2311 for this to be a valid trading idea. An RSI Divergence did help to give me the push to look for a shorting opportunity on the 1-hourly chart that...
If you missed the trade ideas of EURUSD on Friday, this might give you a 2nd chance to engage in the trade. With that said, do your market analysis and not follow blindly. What's nice about this trading setup, the three primary timeframes I'm looking at has all the bearish trading setup I need. Daily Chart - Bearish Crab setup 4-hourly Chart- Ascending Channel...
Hello Dear friends In the daily time frame, the trend has approached an important support zone. At the same time, the butterfly harmonic pattern has also been formed in this time frame. Positive divergence of RSI has also been issued. On the lower time frames, if the downward trend line is broken upwards, the possibility of the price advancing to higher areas is...
Hello Dear friends A positive RSI divergence has been issued to us on the daily time frame. But in the correction process, a LL has been formed. As a result, on higher time frames, there is a weak possibility of forming an increasing trend. On the four-hour time frame, we have a triangle pattern at the end of the downtrend and a Cypher harmonic pattern is...
Hello Dear friends Our support areas are maintained for now, and on the other hand, a positive RSI divergence has been issued on the lower timeframes. But harmonic patterns are not associated with positive divergence! But we do not have a signal to continue the downward trend, if the upward trend is above the range of $0.3832, the possibility of the upward trend...
Hi guys! 👋🏻 🔔 Bitcoin keeps the downtrend pace. I still stick to the idea of Show me the chart and I'll tell you the news, so won't correlate to any buzz around #BTC or #cryptocurrencies. 🔔 For the past several weeks I've been away from cryptocurrency analyses and trading due to irregular activities in the market and I would call this the best decision of the...
Gartley Pattern is not my favourite harmonic pattern, and that is because it doesn't have a very good profit factor. For this instance, the PRZ happens to converge to a single price, and the formation happens within the consolidation zone does entice the trading setup.
XAU/USD is in a bearish trend on 1H making LHs & LLs. Price is currently testing a falling resistance after recently forming a Head & Shoulders pattern. The price might break above the falling resistance and rise towards the Neckline or the Volume Profile POC. The Bullish Bias is based on the following confluence: Strong Support + 38% Fib Retracement ...
A Bearish Gartley Pattern setup would still require can candlestick pattern confirmation for me. Two ways to go about it, a 3-bar reversal on the current timeframe or a Double Top with RSI Divergence on the 1-hourly chart.
Hello Dear friends We are still below the downtrend line, our $0.235 support area is still intact. We have a positive RSI divergence on the daily time frame. But we must keep in mind that the momentum of the downward trend is strong. On the lower time frames, if the range of $0.3733 is consumed, the possibility of forming a downward trend is strengthened up to...
A quick google search will tell you all you need to know if you do not know what I mean by RSI divergence. Price level here is good entry IMO. However some more imbalance to low side from before last bull run.
Hello Dear friends We are currently above the midline of the long-term descending channel and a positive RSI divergence has been issued on the daily time frame. In the lower time frames, the support ranges have been maintained, it seems that the possibility of forming an upward trend up to the blue range ($0.4854) is high. But it should be kept in mind that if...
GBPJPY, I'd spotted this potential trends continuation setup, a double top with RSI Divergence on the dotted line is what I'm waiting for. Aggressive trader could wait for a 3-bar reversal on the dotted line.
Frontier (FRONTUSD) Crypto forming long term weekly RSI bullish divergence, as well as a trendline support. Setup will confirm on 21 November 2022 if bullish candlestick forms. Hopefully this trendline support holds. Really small market cap of only $17,802,416 according to coingecko as at 15 November 2022. Looks like this has potential for a big move.
Trade Order: Pending Order Sell Limit. Entry: 0.6700 Stop-Loss: 0.6750 (50pips). Target: Open.