AUDUSD - Bearish SharkAUDUSD has its Bearish Shark complete and retests within sell zone. What's nice about this setup is a RSI Divergence on its retest.
Rsidivergence
LUNAUSDT - BEARISH DIVERGENCELUNA had a great run within the last 24 hours.
However, there is a bearish divergence on the daily time frame. Expect some pull back. Support levels are as shown on the chart.
Thank you for your time and support.
Double top on the weekly $SUIDouble top on the weekly $SUI
- Double top on the weekly
- Bearish divergence on the RSI
- Breaking down on upward trend line
- Break down on support
- Price below high volume POC
One divergence indicator to rule them allGreetings Traders,
We are continuing with our (mini) series in which we break down the (seemingly endless) features of The Divergent indicator.
Today we are going to discuss the various oscillators The Divergent supports detecting divergences on.
In contrast to other divergence indicators on TradingView, The Divergent comes with oscillators built-in. This means you won't have to add it on top of other indicators on your chart; it is completely standalone. Why is that a good thing? It is because The Divergent respects your indicator quota - it will only use up a single slot on your chart.
The Divergent ships with the following oscillators:
MACD (Moving Average Convergence Divergence)
RSI (Relative Strength Index)
CMF (Chaikin Money Flow)
Stochastic RSI
MFI (Money Flow Index)
TCI (Trading Channel Index, aka. WaveTrend)
Balance of Power
CCI (Commodity Channel Index)
Awesome Oscillator
Each oscillator is fully customisable, allowing you to tweak them the way you desire. To choose another oscillator, simply open The Divergent 's settings panel, and select a different one from the list.
A further benefit of having the oscillators built into the indicator, is that it opens up the possibility to apply various filters to the detected divergences. For example, if you have the RSI selected, you can configure The Divergent to only signal those RSI divergences, that manifest under the oversold or above the overbought areas. These filters will be introduced in detail in future articles.
To learn more about The Divergent , please see the related ideas linked at the bottom.
If you liked this post, please don't forget to give it a thumbs up!
If you have any questions, please feel free to ask in the comments section below.
Thank you for your attention!
EURJPY - 5-0PatternA Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level.
Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should engage the 2nd and 3rd times as long as formed up in those areas.
But if you did short this, you would have gained a total of 848pips.
5-0 Pattern is much easier as it has only 1 entry zone and 1 profit level. You only need to wait for candle confirmation to trade back up to the profit level.
I will be waiting for a double bottom setup with RSI Divergence on a lower timeframe to take advantage of the setup.
BTC CAN CONTINUE TO FALL -SUPPORT 34K-35K Hello my friends, today I want to talk with you about BTC
price break local support line and make a pullback then it and that what we need
I think we will see a downward movement with target around 35-34k
So be ready fort his scenarios.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
NASDAQ:ATER LONG Weeklyfor $ATER RSI on weekly looks bullish after reaching the base , RSI on weekly show divergence , potential to exit the short trend after breaking the orange line, all will depend on the Tuesday March 7 2022 Call
asking price now @ $2.29
GBPUSD strong and major supports ahead don't miss it Hello my friends, today I want to talk with you about GBPUSD
Now price is near major supports once again and we can expect at least local pump to the targets and resistances that are mentioned on the chart. <>
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you
Ethereum - signs of bull Market worth a shot if used stop loss correctly
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CADJPY Daily Pitchfork ShortFOREXCOM:CADJPY
I marked the pitchfork from the pivots on the weekly chart from June, September, and October.
Confirmed with the Daily RSI and the Daily chart.
It's very slight but there appears to be a bearish divergence on the RSI.
I've only started dabbling in RSI divergences so I wouldn't consider this a confirmation, but it's worth noting.
After looking at the 30M chart I am confident entering a short position.
The Daily RSI is not what I like to see so my stop loss will be tight, probably only risk 0.5-1% with the TP at the median line.
Another way to see BTC BIG DUMPReason is on the previous/related post. All the previous divergence show the dump, perhaps this one also will.
GBPAUD - Bullish BatGBPAUD has a Bullish Bat pattern complete at 1.8477, trend traders, this is a pretty good setup to engaged. You can wait for the market to show a confirmation signal at the PRZ and wait for a retest to engaged the trade.
An aggressive trader can wait for a double bottom setup on the 1hourly chart for engagement opportunities. The upside is that the double bottom setup do has a RSI Divergence.
EURUSD - Bullish Bat PatternA Bullish Bat Pattern is spotted on the EURUSD, this is a sideway market movement. At this moment, I'm waiting for a retest at 1.1164 for a buying opportunity.
If you are interested in this trade, you have to be aware that this trade could take from 3days to 2weeks to complete, there is a weekend risk influenced by the War between Russia and Ukraine(although it still has not shown up in the FX Market)
To avoid weekend risk, you can decide to engage the trade after Market Open on Monday(GMT+8)
GBPAUD - Head & ShouldersA Head & Shoulders formation on the 8 range bar of GBPAUD. We do see the RSI Divergence from this setup which is Great for traders that decide to take on this counter-trend trading opportunity.
XAUUSD - Bearish Reversal to AT LEAST $1878.00 (21/02/2022)OANDA:XAUUSD Hi I can sense a bearish reversal for XAUUSD.
I have used smart money concepts (SMC) as well as retail trading logic into this trade.
LOOK AT THE CHART FOR THE AMOUNT OF CONFLUENCES I HAVE FOR THIS REVERSAL.
There are so many confluences in this trade that I cant be bothered to list them all here, so study my chart and learn.
Have a good trading week! More analysis to come :)
RISK DISCLAIMER: DO NOT TRADE THIS! I AM NOT A FINANCIAL ADVISER. THIS TRADE COULD POSSIBLY FAIL. YOU HAVE BEEN WARNED.
AUDCAD - Key ResistanceKey Resistance level, if the candle closes the way we are seeing now. I may head in for an aggressive shorting opportunity as I love to give a "short"(pun intended) especially when there is a RSI Divergence with Long Shadow candle within the Key Resistance Zone.
Going aggressive on this...
We shall see...
4hour candle closing in 19minutes time.
CADJPY - Head and ShouldersDo you remember we spoke about this trade how the Area of Concern(AOC) is important and how we could expect a Head and Shoulders trade setup?
(refer to the link, under the TradingView and study how I got the analysis)
Here we go, guys. What is your trade plan from here?
This could be a Combo trade, a term I've come up with to share the possibility of stacking trading ideas on 1 another.
CADJPY - Bullish CrabAlert came in at around 4:35 pm (GMT +8) when I was having my tea break. The big long black bearish candle you see in the chart it's when it happens.
I know that I have until 6 pm to make my trading decision.
To trade or not to trade?
Should I engage in both pairs or should I choose 1?
That's how real trading can be. There's no need for you to guard your computer and wait for action on every tick.
Sadly for USDCAD, the Bearish Shark got activated, and not the Bullish Gartley(check the link within TradingView)
I have made my move on CADJPY. Why this pair and not another or both? Well, It might be too long of a post for that explanation. Allow me to keep it short by sharing only CADJPY.
It has an RSI Divergence, which has been marked by a black arrow within this chart. No doubt a long shadow candle happen that is not showing immediate strength in the bullish setup.
I see that the volume indicator on the side that gave me a 20pips leeway to place in my stop at entry when it happen.
Once I did that, there will be no downside for this trade, and that's great!
Judging the movement of the candle, I could expect a potential Head and Shoulder Bottom that can give me another buying opportunity at around 90.44.
When that happens, it could form above the "area of concern" , what I need to see is the market break and close above the "area of concern" .
It might be a clearer picture for you to decide to engage this trade when I share it(due to the formation of the candle)
Could you imagine that I engaged the trade at 90.13 and not 90.22 at the price you have seen!
It takes experience to read the chart and make the trade. Learn, Practice and get a Coach!
USDJPY - Bearish ButterflyHere we have a Bearish Butterfly Pattern on the 4-hourly chart. On the higher timeframe, we have a Bearish Deep Gartley Pattern at X that is just a few pips away from completion.
I've shorted the USDJPY because of these two combinations. Furthermore, I have an RSI Divergence on the current timeframe.
The second target has a more than 2:1 ratio.
Let's see how this trade roll out.
Bitcoin showing Bullish Divergence on weekly chart. On weekly charts BTC is sowing a bullish Divergence. Btc recently rebounded from over sold zone in RSI on daily charts. With this divergence, it seems that BTC could show a bullish rally with next target to be last swing high of $50900.
Keeping in mide Feds hawkish stance and current rally in Dollar index and 10 Year bond yield, this could be a false alert but im keeping my hopes up and believe that BTC could rally again in coming weeks.
Watching DKNG for bounceAs you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020-April 2020. We can see a clear RSI divergence leading up to the bounce at support. We can also see there was a downside breakthrough of auto fib extension however it quickly retested and bounced from there. With these indicators occurring in unison with the emergence of the Draftkings sportsbook and casino in numerous states across the U.S I think it could be a good time to enter into a position. (RSI oversold and MACD crossover indications are very bullish on 1 week chart)
GBPJPY - Bearish BatA Bearish Bat pattern forms in the GBPJPY Range Bar chart which is great news for countertrend traders.
This is so because the GBPJPY it's pretty much on a sideway movement on the higher timeframe. Furthermore, it seems to respect the resistance level on the 1-hourly chart.
GBPUSD-Weekly Market Analysis-Feb22,Wk2GBPUSD has a Bearish Shark setup, if you are a trend trader you can wait for the market check back at 1.3604 for a shorting opportunity within the sell zone.
