On the Daily and 4-Hourly Chart, the EURUSD has displayed a Bearish Trend and on the 1-Hourly, an Uptrend. This is my prefered setup as I could potentially sell at the High and exit when the price went lower. I'm waiting for a retest at 1.1322 or preferably a Double Top with an RSI Divergence to engage the trade.
we can update last analysis by this analyse. support line extended and in this analysis use normal chart (non logarithmic). 2 rule can set. if break resistance line and pullback we can long on it and if resistance line worked the 5 wave confirmed and after break support line we can use short. see macd and rsi resistance line !!!!!! can create a new bearish...
KWEB is a China technology based ETF. Top 10 holdings by weight: Tencent Holdings ~ 10.62% Alibaba Group Holding ~ 10.32% JD.com ~ 7.21% Meituan ~ 6.99% Pinduoduo Inc ~ 6.97% NetEase Inc ~ 4.71% Baidu Inc ~ 4.27% Bilibili Inc ~ 3.83% Trip.com Group ~ 3.82% JD Health International ~ 3.32% Fundamental Analysis China’s stock market pullback...
OANDA:USDJPY Bearish divergence is apparent at RSI on increase in price which shows weak momentum. If price is unable to make higher high, then trend reversal is confirmed. In that case, my first target will be between 0.5 and 0.618 Fib level on 1H timeframe. Please support the idea and comment below. Thanks and Good luck.
OANDA:EURUSD divergence expected and turnaroud of the swing
USDJPY is one of the rare charts that has all three Major timeframes, namely the Daily, the 4-hourly and the 1-hourly chart in Bullish Trend. While the 4-hourly chart has a Bearish Head and Shoulders setup, at this moment the structure holds. Trend Traders or traders who are looking for a buying opportunity can wait for a Double Bottom with RSI Divergence forms...
If you are a Double Top trader, you would know that it is not about the strategy but where it was formed. One of the struggles that traders have is, "Where is the end of the Double Top Pattern?" There are ways you can learn to identify the potential completing zone or you can wait for the Double Top to complete. Yeap, "Wait for it!!" You can then look for a...
USDCAD reached the key level of resistance in the daily chart. With a pin-bar or a long shadow, the candle do get me interested in shorting it. Wait, an RSI Divergence as well? I'M ALL IN!!! Let see how it goes. While we have this kind of feeling when we spotted a trading setup that meets the analysis we have done days and weeks ago, we have to remember those...
If you had joined us last night, you would have seen how we use the Double Top Retracement zone and project a Bullish Butterfly completion that hit our final target level. The market sort of did a rebound after it "woke up" from the ungodly hour. Check out the live stream and you can see how the analysis was done at , you could watch from the start and learn...
EURUSD has been trending lower for a while. It should bounce around 1.1390/1.1420 zone close to the harmonic potential reversal zone from the ABCD pattern and the extreme impulse wave. The RSI is diverging with the currency pair arguing for the exhaustion of the bearish move.
A Bullish Shark Pattern has taken place on both 1-hourly and 15minutes charts of GBPAUD. The market has reached and touched the 5-0pattern formation at 1.8358. If you like the deal to be sweetened, you can wait for the retest at 1.8366 without closing above 1.8368 for a shorting opportunity at the retest of the previous high. Some traders would read the retest...
BABA showing a potential breakout from bullish RSI divergence while hitting a strong area of support on 1D timeframe. I will be watching the $145 - $138 range closely for support in the coming week. Bull Case Expect PA to retest and find resistance at the $158 region. A break, retest, and support of $158 would act as confirmation of likely further bullish...
A bullish butterfly pattern checks back and it retests the previous candle wick that complete the butterfly pattern with RSI Divergence. If this is for you. a Deep Gartley Pattern and Shark Pattern formed on the daily chart for a buying opportunity. Based on the daily chart it is a trend trading(buying) opportunity for trader.
Lets see where this takes us, if we can get back below the 1.618 i suspect there will be a quick, bearish and volatile move downwards.
If you have engaged after this candle closed. It is a great call. And this is why you should have engaged in the trade. 1. It has reached the completion price of the Bullish Butterfly Pattern(cyan). 2. Bat Pattern consolidation at D, but fail to break and close above Point X of the Bat Pattern and that is a good sign. It attracts structure traders to hop in. 3....
In my recent Analysis on Solana I've published About the Bull flag formation in SOLANA Well its our good that We are Still in profit according to that analysis but Today I have spotted a bear divergence in the RSI So that means Solana will break in near future ? Well Reversal can be seen in near 2 or 3 days but can not be much powerful. I also drew the Support...
entered F 15.50p 11/12 @0.28 ~We bounced off a double top ~RSI divergence like the pullback in June ~We are also seeing a similar pattern back to back ✅ Phase 1: a downtrend ✅ Phase 2 an steep upside down cup ✅ Phase 3: a nice strong uptrend impulsive move. Using fib and zones I have PT at 15.50, 15.13, 14.60. We could see a pullback to 13.43 as well, but I...
AI-generated wedges broke down. Both retests concluded rejection. RSI has just crashed. Machine Learning recommends "Short" position. Details are in the idea. Alternative short ideas in RELATED IDEAS.