FX:EURNZD execution of last trade idea! See last trade idea shared for analysis behind the trade!
FX:EURNZD has been in a bearish channel forming lower highs and lower lows. However, bullish divergence has caused price to push up several times, as marked on the chart. Currently price is at the lower end of the channel. Im expecting bullish divergence to form before a bullish move occurs. Will be executing a long after formation of bullish divergence and break of LH!
After forming bullish divergence, FX:GBPAUD is currently completing formation of inverted head and shoulder pattern (bullish reversal) which can result in price starting a bullish trend! Trade idea will be invalidated if price breaks below the head (marked on chart)
PEPPERSTONE:AUS200 was in a bearish trend, however, bullish divergence was formed and price looks to be gaining bullish momentum! Hoping for series of higher highs and higher lows to form following the bullish divergence!
With the TVC:DXY looking weak, OANDA:XAUUSD should continue its bullish rally for the near term future. Currently, no bearish divergence is present on the charts, which indicates that the bullish continuation is most likely!
CAPITALCOM:US100 is currently showing bearish divergence on 1 hr chart. This indicates if the higher low is broken, price can start a bearish trend. I will be attempting a short on the break of HL to catch the bearish move!
FX:EURUSD prints the first higher high after a series of lower highs and lower lows. Bullish divergence is present on 1 & 4 hr charts. Price has also formed a bullish flag (bullish continuation pattern)! Is it time for a possible change in trend for FX:EURUSD ?
FX:USDCAD formed bearish divergence and broke support. After re-testing support turned resistance, FX:USDCAD is looking to form a new LL. Expecting LL to break and bearish momentum to continue!
FX:GBPAUD has formed bullish divergence on 4 hr chart! Price is in strong uptrend and the bullish divergence indicates formation of a new Higher Low. Expecting price to continue the bullish momentum and create a new Higher High in the upcoming days!
FX:EURUSD is currently forming a higher low on a higher timeframe. Since the last 6 months price has made a retracement of the same lenght before getting bullish and forming a new HH. Expecting bullish price action and taking entry on 30 mins to catch the move!
BINANCE:BTCUSDT has formed bearish divergence on the daily chart. This can possibly lead to price creating a lower low on the daily chart. If the support level (brown rectangle) does not hold, we can expect prices to fall further down.
PEPPERSTONE:AUS200 has been in a downtrend on 4 hr chart. However, after forming bullish divergence, price looks to be forming the first HH after a sharp drop over the last few days. I will be attempting to catch this move to the upside!
OANDA:XAUUSD was trending in a bearish parallel channel however, after forming bullish divergence price is currently forming a higher high on 4 hr chart.This can be a possible reversal for $OANDA:XAUUSD. Will be attempting a long position to catch this move!
Overview FX:AUDUSD was in a bearish trend. However, bullish divergence was formed and price formed a higher high followed by a higher low! Analysis & Plan After formation of bullish divergence on FX:AUDUSD , price formed a higher high followed by a higher low. This is a strong indication of formation and continuation of a bullish trend. We enter a long...
Overview FX:EURCAD was in a bullish trend, however price formed bearish divergence and hence there was possibility of a bearish trend formation! Analysis & Plan Bullish trend of FX:EURCAD was showing weakness due to bearish divergence. Our plan was to observer the market and expect a bearish trend formation. Our entry was on break of the last two HL...
Overview FX:NZDCAD was in a bearish trend, however, bullish divergence was formed on RSI and price has since formed a higher high signalling a bullish trend! Analysis & Plan Price has formed the first higher high after experiencing a downtrend. Last two times when bullish divergence was formed on price, it lead to a bullish trend as marked on chart with...
Overview FX:GBPJPY has formed bearish divergence and double top pattern after having a strong bullish rally! Analysis & Plan Double top is a bearish reversal pattern which indicates a change of trend from bullish to bearish. Bearish divergence is also an indicator of a weak bullish trend, hence our bias for FX:GBPJPY is currently bearish. We are looking...
Overview FX:AUDUSD was in a bearish trend, however, bullish divergence was formed on RSI and price is currently forming a higher high for the first time! Analysis & Plan This trade is risky because price is just forming the first higher high at our entry point. However, we are expecting price to replicate the same bullish reversal after forming bullish...