After last weeks FED and ECB markets were left adjusting to Powell and Lagarde's comments. FED will have to continue on with rate hikes well into Q2 '23 when they can start a pivot of no hikes, but certainly not making any cuts either. Rates will be held until they feel they have things 'under control'. While Lagarde sounded 'hawkish' it doesn't change high...
Voltas is forming divergence, however not as strong as desired. But it gives a good buying opportunity for positional trades here. I will buy 25% of my intended investment for Voltas here and keep buying if new lows and divergences found. But, I wont buy and just hold what I have bought if it moves up from here. There is no stop loss, as I will keep averaging for...
This was the trendline I was talking about on the chart link below. A break and close below this trendline would be the most aggressive setup for traders looking for a counter-trend trading setup. For me, it's it depends. I will observe how the candlestick close, and sometimes I will wait for the retest of the trendline before heading in for a shorting opportunity.
I have a murderous intent on the GBPAUD, it is not because of revenge trade, heck, I don't even have any recent losing trades, and I've been trading for some time so I don't do that, but that is because I spotted something that many traders have missed out. RSI Divergence on both the Daily Chart and 1-hourly chart. To top it up, on the Weekly Chart, the GBPAUD is...
Since the analysis is unchanged, I won't be posting on the daily chart; check the link below and see how nicely the candlestick "respected" The Devil's Finger as it reversed on the trendline once touching it. That is the primary engagement method I will execute in my trade plan. On the lower timeframe trading setup, you can wait for a break and close below...
EURUSD is on a Bullish Trend. However, I am waiting for a counter-trend trading approach. I've two ways of engaging the trade. The first way is to wait for candlestick confirmation and take the trade based on the Weekly Chart's Key Resistance Level in combination with a Bearish Crab Patterns trading setup, a more aggressive approach is to wait for a break and...
Hello Dear friends We do not have a signal to continue the increasing trend. On the other hand, in the increasing trends, the resistance ranges have been preserved and the orders have not been fully consumed. On the 4-hour time frame, there is a high probability of issuing a negative RSI divergence, and on the 30-minute time frame, a negative divergence has been...
Hello Dear friends In the previous rising trend, the range was completely consumed, but HH it was not formed for us. Currently, due to the range and negative divergence of the RSI combined with the harmonic pattern, the probability of breaking the upward trend line is high. Keep in mind that we will be issued a process change confirmation when the orders are...
- Higher High price but Lower High RSI . - RSI: a point is must at overbought (70) - RSI: b point is important > must crossunder 50 >> mean to enough make a reversal. - RSI: c point < 70 (undes overbought).
BUY CALL on FOREXCOM:GBPUSD Buy Call GBP/USD: Entry: 1.21578 (Around) SL: 1.20999 TP1: 1.22239 TP2: 1.22888 TP3: 1.24370 Best of Luck! Your feedback would be appreciated.
Could be making a megaphone for santas rally. Would need to break the median $21ish area to continue down and fill the gap. It made a lower price from the area it broke out of the recent down trend. Breaking $21 would be confirmation of a Re-test of the down trend line. If the median holds i would suspect VIX to continue upwards and make a higher high taking the...
In the higher time frames, we are in a descending channel, and in the monthly and weekly time, the positive divergence of the RSI has been issued to us. There is a possibility of forming an upward trend in the medium term. As a result, we assume that the price trend will come out of the compression from the upper side, provided that the bottom of the downward...
- Higher High price but Lower High RSI. - RSI: b point is important > must crossunder 50 >> mean to enough make a reversal. - RSI: c point < 80 (overbought).
Hello Dear friends We have bullish signals on higher time frames; Like the possibility of completing the bearish wedge pattern at the end of the downtrend, provided that the price range of $11.18 is maintained But on the 30-minute time frame, we have a tight movement that can be from both the top and the bottom, and the probability of its exit is high. Provided...
The Devil's Touch, YES, I called it! I'm waiting for a shorting opportunity the moment the market retest the red trendline but not closing above it or when the market break and close below the red trendline, although a retest of the Bearish Bat Pattern would do just fine. What is nice about this setup, is that, there is a RSI Divergence within the setup.
For the first time in years, we have witnessed a diversion in Bitcoin's RSI, which could possibly mean a huge reversal in BTC's price. Here is my point of view about this: This is the RSI Multi-Length, which is a type of RSI that varies its length. For simplicity's sake. I’ll be referring those as just RSIs, because they behave as an RSI, just a bit...
Last night during our live session in trading view(www.tradingview.com). I've mentioned that there's no need to chase after the USDCAD trade as there's a rate hike decision happening in less than an hour. If it's your trade to take, you will have another opportunity. Missing a trade is better than getting into a trade you aren't supposed to take. I'm waiting...
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...