Rsidivergence
USDJPY LongRSI divergence just started with strong upwards momentum on the last 1h candle so would look to go long based on a continued ranging market enviroment.
$SNAP Possible Correction?$SNAP is showing signs of reversal. It shows RSI divergence, and it completed 5 Elliott wave, along with red dogi candle which indicates price reversal. Looking to $SNAP to pull back to supporting level and go on from there.
$PNTUSD / $EDOUSD Watchout binance tradersUpon rebranding EDO ti PNT and listing on binance, I expect big drop from this resistance. A lot of confluence in this area and indicators signaling for a pullback, and posible trend reversal.
Chart on binance is only this double top you see here on bitfinex, so traders there cannot see a full picture, and will be caught in a trap. Don't be a buyer here, no matter what the fundamentals are.
1. Trendline broken, possible fakeout, this whole area acts as a resistance, not a single line.
2. Rsi bearish div.
3. Double top formation
4. Tweezers top x2 (candlestick formations, usually signaling for a trend reversal because price cannot go higher or a lower than those wicks)
5. 78.6 fib retracement
6. M market structure broken, but only with the candle wick. Sign of support weakness.
#Apple - good byeRSI divergence with the shittiest candle close possible ( bearish shooting star)
Possible H&S in the making as well
now understand that Fundamentals will overpower the TA on this one this is my first try at stocks so trade carefully
#notfinancialadvisor!! #DoYourOwnResearch
#BankNifty - Rising wedge trading inside a rising wedge possible one final push left before 19% correction
Green is the target
printing possible bullish divergence on 4hr need to wait for more PA before confirming that is one of the reason i think we will have one more push before final leg down
GBPJPY - Head&ShouldersA head and shoulders setup on the GBPJPY with an RSI Divergence. Once the market opens, I'll wait for about 3-4hours for the market to settle down before I head in for a shorting opportunity. While it all looks good, a candle confirmation is still required.
USDCAD - Is Short Term Uptrend Came to EndTrading Confluences,
Price reject 4-Hour Resistance Level
Price Starts to Creat Lower Highs
Price Broke Minor Trend Line
RSI Divergence
Trade Idea - Consider going short if price broke below the local structure level and retest it successfully.
Trade Analysis from Trade Revenue Pro
EURUSD - Double Bottom at Support LevelTrading Confluences,
4-Hour Support Level
Double Bottom
RSI Divergence
Trade Idea - Consider Going Short if Price Actions Retest the Local Structure Level.
Trade Analysis From Trade Revenue Pro
The Holy Grail of RSI - How to use RSI Effectively 4 BIG PROFITSHello Traders,
This video explains how I use RSI to generate big returns in the Forex market. RSI has always been one of my favorite leading indicators I use when looking for confirmations. I highly recommend it. Take a few minutes to watch my video and learn how to use it effectively for intraday trading.
Trade Safe - Trade Well
~Michael Harding
