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Bullish Divergence

BTC DAILY BULLISH DIVERGENCE(S)Bitcoin has seen a dump recently. After the dump, on the daily chart it has made a bullish divergence in the RSI. Also since 17.9k low, BTC has made a MACD bullish divergence. We have probably seen the worst of the bear market and BTC probably will not go too far below 17.9k. Personally, I won't open a long position right now because this isn't enough reversal confirmation according to me. We need to break above 19.5k first and 20.5k after that and confirm a new (short term atleast) uptrend. BINANCE:BTCUSDT
by AttilaTurkei
GBP/USD: bullish channel flagIn this analysis, I make an update of GBP/USD after that I was shortin from $1.1574 USD and I closed up my short position recently at $1.1528 USD, where I get 43 pips in profit or 4.33% of earned. Ok, what we look now it's a break-out of market structure in H1 timeframe. we was shorting and the minimum price was $1.1407 USD. Also, I believe that after we forming this bulish envolving pattern into this bullish channel flag, that was a good time to get profit and closed up automatically my short. But I know that I can't to still everyday in my chart 24/7, but I made a good job put my break even, but at least as I'm making an analysis of this par, I update this technical analysis. Now, I found out that GBP/USD forming a bullish divergence in the RSI forming a lower high and price action lower low. That mean that trend will chhange, as now, we see a clearly break-out of this bullish channel flag. Now I put my buy order limit at $1.1520 USD, Stop Loss to $1.1475 USD and take profit toward $1.1628 USD. Also that I don't comment, in H4 it's appear that GBP/USD it's into this bearish channel and has a forecast that want to reach $1.1630 USD. i'm longing GBP.USD. But not bad this short posiiton, and remember we can't to know what will happen with GBP/USD in the future. But we can to take the resource like fundamental analysis and technical analysis to take better decision in this market. I hope that this idea support you!!! Good luck!!!
Long
by harisonhbn9718
2
EUR/USD: Movement by fundamental analysis!!!Fundamental Analysis: ***1) Germany, Europe's largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 billion) on shielding energy customers and businesses from soaring inflation, economists say. 2) The latest package brings to 95 billion euros the amount allocated to inflation-busting since the Ukraine war began in February. By contrast, the government spent 300 billion euros on propping up the economy over the two years of the pandemic. 3) European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows via a major pipeline, sending another shock wave through economies in the region still struggling to recover from the pandemic. 4) European Union governments are pushing through multi-billion euro packages to prevent utilities buckling under a liquidity squeeze and to protect households from soaring energy bills. 5) Europe has accused Russia of weaponising energy supplies in retaliation for Western sanctions imposed on Moscow over its invasion of Ukraine. Russia blames those sanctions for causing the gas supply problems, which were down to a pipeline fault 6) European stock indexes fell on Monday, the euro dropped below 99 cents for the first time in twenty years and European gas prices surged after Russia said its main gas supply pipeline to Europe would stay shut. 7) European gas prices jumped as much as 30% as the market opened, and Germany announced on Sunday around $65 billion of support to help protect Germans from rising costs. 8) Finland and Sweden also announced plans to offer liquidity guarantees to power companies. Finland's economic affairs minister warned of the possibility of "kind of a Lehman Brothers" in the energy industry, referring to the 2008 collapse. 9) The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. 10) Germany's services sector contracted for a second month running in August as domestic demand came under pressure from soaring inflation and faltering confidence, a survey showed on Monday. 11) Euro zone business activity contracted for a second month in August as demand sank, with customers wary of the deepening cost of living crisis and gloomy economic outlook curtailing their purchases, a survey showed. ***12) The European Central Bank meets later this week, and is widely expected to raise interest rates given inflation is rapidly approaching double digits in the Eurozone and the policymakers have become worried about high prices becoming firmly entrenched. 13) The euro sank below $0.99 to a new 20-year low on Monday after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. 14) ECB officials will be keen to see the euro, which has lost around 8% of its value in the past three months, stabilise. That will feed into the desire to try to tame inflation through tightening policy. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- So guys, what I found out it's that Germany Government make an investment of 65 billion (Euros) on shielding energy customers and businesses from soaring inflation and $95 billion (Euros) the amount allocated to inflation busting since the Ukraine began in February 2022. Another data show that Germany has spent over 300 billion (Euros) on propping up the economy over the past 2 years of the covid-19 pandemic. Now, European Union are pushing through the Multi-Billion plan packages to rescue and prevent utilities buckling under a liquidity squeeze and to protect household from soaring energy bills. At this point, we see a bullish side for Euro currency in this fundamental analysis what Germany (The largest economy in whole Europe) do and European Union to rescue the countries they to one shield energy customer and businesses from this inflation in the energy crisis. But in other hand, we see a bearish fundamental that EUROPE has accused to Russia of weaponing energy supplies in retaliation for western sanction imputed on Moscow, over its invasion of Ukraince, Russia blames those sanctions for causing the gas supply problems in whole Europe. ***European Central Bank will make a meeting about interest rate decision in this week on this Thursday and expect to raise 1.00%. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Now, talking about technical analysis, I'm bullish in based the bullish side that appear very optimistic for Euro currency. Now, we're in this bearish channel, and we formed a bullish divergence in the RSI and price action too. What we could to expect a possible long position from this side, what we can't to trade until we see a smart point to buy in $0.9920 USD or the break-out of this bearish channel, what it's better to be disciplined and patience until this trade develop, but has a bullish side. So guys, at the moment, I don't see a trade yet until hope our best buy zone. I hope that this perspective have your idea to long in Euro at favor by fundamental analysis. So, we know that Europe it's in the recession, but today it's appear good bullish side that we could to see in the Europe largest economy that it's Germany and European Union. And also on Thursday the European Central Bank will make an interest rates decision and expect to raise 1% in this week. So guys, in this week, there're a lot to read in United Kingdom that we have a new Prime Minister that I'm very interesting to analyze some Sterling Pound and know my perspective why I' see a dark future in it. I will keep update this par!!!
Long
by harisonhbn9718
GBP/AUD: Review!!!In this forex par, was a pretty well trade to long position when I identify very well a bullish divergence in RSI forming a lower high and price action lower low. The RSI had indicating a change of trend in GBP/AUD what this trade was pretty well to trade in long position. I was like 100 pips in profit or 6.33% in earnings in this trade. But from this point at $1.6986 AUD I supposed to closed up this long when the price starting to down. But that was at early movement in the European Session. And so, also that I don't made it's when I was in profit, the only that I will need to fix it's put my break even to protect my earns, whether it's few earns. but I closed up this trade in this bearish pressure, but the loss was small like of -0.87% in loss. And also, I made a very good analysis and put my buy order in the smart point very good and in profit like 100 pips. So, I know that it's very natural that we can't to watching the chart 24.7, and I know that during the European Session. America it's in the early when everyone it's sleeping. Also, I suggested that a when the EMA 200 make resistance veyr clearly in H1 timeframe, it's a good moment to closed up a trade like this and get profit in it. If I closed up this trade in the below of the EMA200, I would have 100 pips in profit in this trade. So, I believe that I mastering this trade very well. The only it's put a break even when I was in profit like over 70 pips. But I made this trade pretty well and the only advice for me and for everyone when this situation occur in the EMA 200 like resistance, or the contrary support, closed up a trade like this and get profit, But I know that a bullish divergence in RSI could to have passed in this trade. This it's the H4 timeframe. That it's all my information that I bring in this trade to learn and work our analysis better.
Short
by harisonhbn9718
2
XAGUSD Spot Silver LONG - Reversal from Double BottomOANDA:XAGUSD Spot silver put in a triple top in early March into early April on the daily chart. It then descended over the next three months in what may end up being the leading side of a cup and handle pattern into a bottom about July 13th. Spot silver then rose a bit over the next five weeks and now has retested the bottom now forming a double bottom. Relative strength was gradually decreasing over this time while underneath its Ichimoku cloud. However beginning about July 15th, the relative strength began increasing and is now above the cloud. The leading cloud edge to the right is red and rising. This is a hint of bullish divergence perhaps forecasting the reversal is in progress. That said, I see spot silver reversing to an uptrend which could also be the right side of a cup and handle pattern underway. If formed a cup and handle pattern suggests bullish continuation. I see this an an excellent swing long setup with potentially 40% upside.
OANDA:XAGUSDLong
by AwesomeAvani
HANA | Elliott Wave Projection | Inverse Head&ShouldersPrice action and chart pattern trading setup > Elliott wave projection downtrend breakout with inverse head & shoulders pattern > A possible wave B rebound targeting 0.382 - 0.5 retracement of A > Entry @ H&S breakout SMA25W > Target @ 0.382 retracement of Wave A / SMA50W zone +25% > Stoploss @ right shoulder / SMA400W -12% > Risk reward ratio: 2:1 Indicator: > RSI Week bullish divergence, breakout MA line > MACD Week golden cross below baseline Always trade with affordable risk and respect your stoploss
SET:HANALong
by dukeposh
EURUSD - The downtrend is at the end! Elliott Wave + Channel The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level.  On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like divergences, this is definitely your cup of tea.  As per my Elliott Wave analysis, this huge downtrend should be over (or 1 last wave to the downside), and that's why I expect a corrective move to the upside (ABC correction). Let's see how big this upcoming retracement is going to be.  On the daily chart, we can spot a beautiful descending parallel channel, and if you prefer to wait for confirmation of my bias, then you can wait for the channel to breakout.  As you can see on the chart, we had 2 fakeouts during this downtrend, which indicated a corrective move. Usually, the third breakout is real!  The profit target is at 0.618 FIB + the start of wave 4. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
38
CAD/JPY - 1H - Breakout SetupCAD/JPY is in a range, forming a symmetrical triangle . The price action is currently testing an important resistance zone after forming a double bottom on support zone. I'm expecting a resistance breakout due to Double Bottom + Bullish Divergence on the RSI and Volume uptrend on OBV. Now key zone for bulls is to break above the resistance zone. While a break from support zone will bring bears in party. The price could also stay in the range. Trade your levels accordingly.
by yo_zubair