Bullish Divergence
GBPUSD ALERT: BULLISH DIVERGENCE DETECTED! 🚨📈💡 GBPUSD ALERT: BULLISH DIVERGENCE DETECTED! 📈🚀
🔍 What we've discovered during our examination: 🔍
📈 Bullish Divergence: Despite the prevailing bearish trend, we've identified a bullish divergence forming on the GBPUSD 1-hour chart. This could be a sign of a potential trend reversal! 📉🔄📈
📈 Relative Strength Index (RSI): The moment indicator RSI is backing this bullish divergence signal, suggesting a possible upward momentum in the near future! 📊🚀
🚨 Trading Alert: 🚨
📌 Time Frame: 1 Hour ⏰
📌 Pair: GBPUSD 🇬🇧💱🇺🇸
📣 Our analysis indicates a potential bullish move for GBPUSD, but a word of caution before you hit that trade button: 🛑⚠️
🚫 Trading always involves risk, and even though the indicators look promising, it's essential to consider your risk tolerance and use proper risk management strategies. 💼🛡️
💡 Trading Tip: 💡
📌 Wait for Confirmation: It's crucial to wait for additional confirming signals before entering any trade. Always look for supporting evidence to strengthen your trade decision. 🕵️♂️🔍
📌 Set Stop-Loss: Protect your capital! Always set a stop-loss order to limit potential losses in case the trade doesn't go as planned. 🛡️💰
📌 Stay Informed: Keep an eye on market news and events, as they can impact the forex market. Stay updated to make informed decisions! 📰🌍
Remember, the market can be unpredictable, so never risk more than you can afford to lose! 🙅♂️💸 Trade responsibly and smartly! 🧠💪
Happy trading! 🚀📊💹
#Forex #GBPUSD #BullishDivergence #TradingAlert #TradeResponsibly
📈 Bullish Divergence & Support Zone Entry 🚀📊 The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential price reversal.
💪 The price is currently in the support area, optimal entry point for the trade.
⛔️ Place stop loss below support area to avoid fake-out.
🎯 Take profit below resistance area for a 1:2 risk/reward ratio.
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ETH Ready for Another Leg UpThere is 3 day hidden bullish divergence on Ethereum. Currently holding above the POC of a value range scaled from the 880 low to the all time high. This level also just happens to be a shallow common 23% retrace area that ETH has held nicely above since June. If this divergence is to playout, I like 2403 as the first main target which would be +30% move to the upside.
EURNZD (Euro / New Zealand Dollar) Currencies Analysis 30/03/21Bullish Divergence with MACD and Break above the Bearish Trend line are the evidences of trend reversal
we can target the Fibonacci Projection Parallels legs and Extension levels
we may hove some retracement along the Move up which is very normal for a healthy uptrend
The S&P Volatility Index is Set to Spike up to over $50There is a Bullish Gartley visible on the Log Scale chart that is currently giving us a Potential Double Bottom at the 0.786 PCZ with Bullish Divergence on both the RSI and MACD and if it plays out, I think it could spike all the way up to around $55 before coming back down and continuing to the historical lows.
DXY RSI Bullish Divergence at Bullish Butterfly PCZFrom the looks of it, DXY will try to hold the 1.414 Butterfly PCZ and make its way up towards previous Resistance. I don't think DXY will Break the Resistance, but it does look like there is a good case to be made for DXY coming back up to challenge those levels.
GALA Daily Bullish DivergenceGALA/USD is sitting at a deep 88% retrace currently and if can begin to take out previous local highs around 0.026, that could give it the juice it needs to see the daily bullish divergence on the MACD play out.
If so, a target of 0.042 near the value area high of the volume range I have shown would be in the cards.
A stop loss would be just below 0.018.
SKL/BTC clear bullish divergence on the weeklyJust noticed this bull div on the weekly SKL/BTC chart. I found this after I was already bullish on the SKL/USDT chart, as it is in a slow and steady uptrend now after basically forming a double bottom and looking prime for a breakout in the next few days. I'm looking for a big and fast breakout towards the $0.04 - 0.05 range (current price is hovering around $0.029.
Nice inverse head and shoulder pattern with bullish divi.I'm expecting it to play out similar to PLTR, but I think this one has better looking oscillators, strong bullish divergence. I don't know much about the fundamentals, but the company looks like they're on the right track. I think it will take roughly 6 weeks to play out, applying a proportional move like we saw begin the week of May 10th.
Unity. Inverse Head and Shoulder forming. + Bullish divergenceHey folks,
Another Inverse Head and Shoulder pattern with bullish divergence. My favorite pattern to trade, especially on these longer time frames. I am also noticing micro h and s patterns within in the smaller time frames on various stocks.
Besides the lackluster market response to its AI features, U hasn't had a whole lot going on fundamentally, noteworthy at least, but I'm picking up on the metaverse trend building steam again. This one is a great metaverse play.
I'll lock in profit accordingly. Around $42, $58, $65 and save some for all mighty $100 liquidity zone. I think mid July could see some nice action.
Happy trading!
OnePath
Bitcoin Breakout Today?On the hourly timeframe there are some small developments with bitcoin that are nonetheless deserving of one's attention.
Just prior to the weekend, BTC put in a low, followed by a dramatic move to the downside which put in a lower low. However, if we look to the Relative Strength Index, we can see that a low was also put in but after that, a higher low was painted. This of course would be referred to as bullish divergence. Over the weekend, while trading volume is low, the price simply consolidated sideways but the question now is are we due for a move to the upside off of this divergence on the RSI, or was the consolidation it?
The price around 30450 has been stubborn resistance as we have tested it 3 times now since the divergence was put in. This of course is bearish, but... levels, as they are tested over and over again, typically break and give way the more they are tested. And if this level were to finally give in, it would not be a surprise to see a run to 30833 occur.
This would be a nice target area for profit taking. But if 30450 can flip as support theres reason to believe that an attempt to push even higher would be in the cards.
Keep an eye on this as the new trading week gets underway today. We have been ranging sideways for a while now but theres no reason one cannot capitalize on the opportunities that present themselves until this range is finally broken.
NZDCAD - Looking To Buy Pullbacks In The Short TermD1 - Price respected a key support zone and is bouncing higher.
False break with bullish divergence.
Expecting the price to continue higher further in the short term.
H4 - Most recent downtrend line breakout.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
IOTA: Bullish Butterfly RSI Bullish Divergence (Final Fib Level)IOTA is currently sitting at the 1.272 PCZ of a Bullish Butterfly and this 1.272 extension happens to be the last positive Fibonacci Extension on the linear scale, meaning that this is probably the least risky area possible to buy IOTA and perhaps aim for much higher levels, even as high as 1–2 dollars.
Given how tight the entry and price action are, I think as long as it holds above 15 cents, we could see it go for some major Bullish targets.