Bearish Shark Pattern check-back on profit trendline gave an opportunity for re-entry to short.
I've just spotted a bullish RSI divergence on the chart of the EUR/USD which signals that price could potentially move to the upside. Therefore, I've decided to place a long trade with a 1:2 risk to reward ratio on the EUR/USD currency pair. FX:EURUSD
Well, if you have missed the descending triangle, you can wait for the bearish shark pattern to short at the key resistance level as a trend trading setup. Alternatively, you can wait for a double bottom with RSI Divergence for the counter-trend setup.
As you see on the chart, there is an bearish RSI divergence established. Think wisely before taking any decision
USDJPY has a Bearish RSI Divergence when it is forming it's ascending triangle. We have headed in for a shorting opportunity instead of a buying opportunity as President Donald Trump said there won't be a smooth handover. On trade management, we will observe closely if the 1-hourly candle can break and close below the trendline, failure to do so, we might exit...
Banks and oil companies up Tech (social media, e-commerce) down Sell the news? is more stimulus coming now after we have vaccine? what will Fed do?
Trading Confluences Price is at 4-Hour Support Level Price Broke Below the Local Structure Level But The Downtrend failed to Continue and Right Now Price Immediately and Strongly Pushing Back to Local Structure Level and If Price Break Above the Local Structure Level, It is a clear Indication That Telling the Ongoing Downtrend In Invalidated. Mojor Downtrend...
Trading Confluence Price is at 4-Hours Structure Level Head and Shoulders Pattern indicate lack of buying pressure Minor Trendline is broken RSI Divergence Trade Forecast We will consider going short if price break below the local structure level (Blue zone) and looking to enter the trade on a retest of the local structure level targeting 1.06528...
A head and shoulders formation coupled with RSI Divergence give a strong call for me to engage another shorting trade. A long shadow candle would help me to make that tough decision. On top of that, I still have my existing shorting trade on bearish shark and bearish crab harmonic patterns engaged. Shark Pattern and Crab Pattern are the harmonic patterns that...
Bullish Shark check-back on a counter-trend trading opportunity. It is a harmonic pattern, with RSI Divergence.
Hi everyone, Today I decided to go for a TA on BTCUSD mainly because of all the hype lately of BTC hitting 13K and going past that. Here are the highlights: - So far BTC has been bullish since the COVID-19 crash halfway of march 2020. (Blue ascending channel). (bullish sign) - BTC got a nice boost of the support area around 10K-10.5K which made the jump to 13K...
A bullish shark setup on the CADJPY on the major support area on the 4-hourly chart. Bullish Shark is a tricky setup compare to its peers in the Harmonic Patterns category. Pending Order Place to get ready for the engagement.
A head and shoulders bottom has shown up on the USDJPy chart. Trade has engaged as it gives a great Reward:Risk(RRR), stops below the right shoulder with buffer
A bat pattern was formed, the B point of my LIVE chart is much lower hence triggered the bat pattern. What's nice about this setup is that on the completion there is an RSI Divergence. Take note on the Target1 as it's an important level for you to place your stops to entry.
Wipro elliot wave counts,, Counter is verge to complete its impulse phase,, and soon corrective phase might unfold. Once corrective wave unfolds we can see sharp correction till levels 346-322--289 levels,,
Near/at the 0.786 with divergent MFI/RSI. Might be a Cup & Handle forming; if so, the Handle typically retraces half the right wall of Cup. Likely to sell within a week IMO. Could double top before it breaks; don't bet the farm yet! Not advice; trade at ur own risk: GLTA!