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Rsidivergence

USDJPY-Weekly Market Analysis-Aug19,Wk4On the 4-hourly timeframe(right), have you spotted the RSI Divergence that gave a great counter-trend trading opportunity if you have missed that then is back to the support and resistance trading setup on the 1-hourly chart(left). Classic setup but it is still the most effection setup. For trend traders who are looking for shorting opportunity, do note the big bullish engulfing candle on both 4-hourly and 1-hourly chart. If you have noticed, it is the same candle, which means during the bullish movement, the market holds the price for 4-hours. This is a piece of information you shouldn't ignore. I will be more interested in long position than short position. Do note that the bullish bat on the daily chart still stands, refer to my previous post as mentioned. The 1 thing I love about this bullish bat is it coincides with AB=CD pattern at a close enough entry price. Traders who have missed it can certainly wait for a retest.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Aug19,Wk4On the 4-hourly chart(right), the market has retraced back into the sell zone for a trend trading opportunity. On the 1-hourly chart(left), just right before the market head to the sell zone the bullish flag patterned was identified as a counter-trend trading opportunity and I had shared on the previous post, is a pity if you have missed the trading idea. I've already engaged this trade as the bearish bat form and triggered the opportunity to trade. No double when the prices went higher after the trade was triggered definitely not my liking, but if you have spotted the RSI Divergence or you know the profitability rate of the bat pattern, it will be a peace of mind.
Short
by RaynLim
Trade Ideas Educator: GBPAUD ConflictsSo how do you handle the market that gives you conflict signals, 1 on buying opportunity another on selling? Comment down below. Well as for me, I'll trade as it is as it's on a different timeframe and within an upward market movement, there will be a retracement(bearish), nothing is cast in stone, especially in trading. On the daily chart(right), the market has already present a double bottom with an RSI Divergence, great buying opportunity, traders who have missed it can wait for a retracement after the double bottom movement as long as it didn't reach the final arrow that acts as a projected price for exiting the trade. On the 1-hourly chart(left), I'm waiting for a selling opportunity as the market shows a bearish bat setup, what's even better in this, it is a trend trading setup.
Short
by RaynLim
forexTrdr CADJPY - RSI BULLISH DIVERGENCEAfternoon traders, Enjoying this setup in Canadian dollar versus Japanese yen and the ascending channel which the pair have been in since mid May. We have had higher lows in RSI whilst price has been setting new lows pointing to a bullish divergence signal for the pair to move higher within the ascending channel as per our trading view chart. The setup allows for great risk reward with stop loss just below the ascending channel support whilst allowing us to target 83.5 on the upside. Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms. Or if you want a free one month signals trial with us please get in touch. Good luck trading from the Team at forexTrdr
Long
by forexTrdr
The final Yolo - Risk Reward 1:3Technicals : Falling wedge RSI Divergence : There is a higher low on the RSI Fundamentals : USOIL: The Crude Oil outlook is down, but everything is up in the air because of OPEC manipulation. A clearer outlook will appear when the price is out of the ichimoku cloud. DXY: The US dollar index is in a parralel channel upwards, and has not been able to break this for a year. Actions: Entries: I will be scaling in my longs from 1.30258, as the price has not been able to break here for the past week. 1.30258 -> 1.28978 TPs: I will be taking profits at these levels as this will be a long term trade ( Several Months? ) 1.31690 1.32247 1.33375 1.34369 1.35242 1.36388 SLs: if it breaks the falling wedge
Long
by Dangos
1
APBR - ArgentinaPetrobras respeto la base del canal alcista que viene en el que se encuentra operando desde hace ya varios meses. Actualmente esta luchando por mantenerse arriba de la EMA50 (marcada en color naranja). Atencion!! Presenta una importante divergencia bajista en el MACD y en el RSI que se viene gestando hace varios meses. Habra que ver si se mantiene por encima de la EMA50 o si ira a testear la base del canal otra vez. APBR has been trading in a bullish parallel channel for several months. It's struggling to operate above EMA50 in the daily chart. It has successfully bounced from the base of the channel a few days ago. However it has been forming a bearish divergence both in the MACD and RSI so it would be reasonable for the price to adjust to this one.
A
by NicoTaccari
2
XRP-Bullish regular RSi divergence.I accept every kind of criticism. If you have any perception please share with me down in the comment section, or in private. My analysis is not an investment advice, it is just my observation about the present state. Im in GMT+2 In this analysis i will talk about the XRPUSDT in 4h Time frame( I only talk about the things that can be explicitly see from my chart). At first if we go back in time a little, on the 22rd june, a bearish regular RSI divergence appeared in the 4h chart. This situation results a bearish swing, which is not dissapeared from now too, but it may reached its strongest support on 5th of june, and now i see bullish patterns. We need to take seriously the RSI divergences, because that regular bearish RSI divergence cause a 26 % price drop in 12 days. on 5th of June a BULLIS regular RSI divergence appeared, it is smaller than the beares before, but it have strong appeance. This divergence will cause increase in price. On the other hand there is the ichomoku cloud and the lines. IF the base line ( red ) will crossed by the conversion line ( blue ) it also cause price increase. Moreover the appereance of the GOLDEN CROSS is near, the 50 EMA and the 200 EMA is close to each other, and fortunately the 50 EMA is under the 200 EMA. In my way of thinking, XRP will reach a level around 0,42USDT , there are a strong resistance ( 200 EMA line around tehre, Leading span B (the bottom of the ICHIMOKU CLOUD) and the FIB RETRACEMENT 0.380 line is near. ) from that level it will be a little consolidation, but the price will go through it and cant stop until the top of the ICHIMOKU CLOUD and the FIB RETRACEMENT 0.618 line ) This was my observation about the current market price of the XRPUSDT. I hope I did not only talking wrong things. Thank you for reading. -A beginner trader
Long
by Go2m00n
1
Trade Ideas Educator : NZDUSDBottom Left shows that on the weekly chart, NZDUSD is having an emerging bearish bat pattern that I'm waiting for a shorting opportunity but of course that won't be ahead on the daily chart on the bottom left that too have a bearish bat setup. On the 4-hourly chart will be the most immediate opportunity, however, the market has to retrace by Tuesday, 9 July 2019 to make it possible. The ideal sell zone is within the red box. What're your thoughts on this? Comment down below.
Short
by RaynLim
1
ADABTC looking for that swing opportunityCardano! Shelley! Or just a flop? Buy the rumour, sell the news? Seems like this is what happened to Cardano, with a nice swing high, breaking out from its inverse HnS, together with much news on the explorer, partnerships, Shelley testnet etc. Anyway, enough ranting about old news. So what is the chart telling us now? I'm rather optimistic for the following reasons: - RSI divergence (lower lows on price, but higher lows on RSI) is signalling some reversal pattern. A similar RSI divergence can be spotted at the peak of the Inverse Head. - This coincides with ADA's last bottom at approx 800 sats - 800 sats has proven as a critical level of support - Yesterday's candle closed a 'bullish doji', indicating weakness in the bears to pushing price below the 800 sats range. Regardless, if the bears fail to break this critical support level, likely we will proceed with an upward rally, i'd be looking at the 23% fib or 1080 sats range for the first exit point. Notice that this is a the support level, or the peak of the Inverse Shoulders. The next level ideally would fall around the 50% fib or the previous Inverse Neckline, or 1350 sats range.
Long
by gingerbre4d
2