We look to sell a break of the counter trend line, price has found resistance at the 38.2 fib level, RSI is also diverging.
Hey traders! I have got all the reasons to long this pair at the completion. First of all let us look left for a second and identify the structure support which is just at the completion level which gives us pretty much confidence that price MIGHT reverse from there, Also if you look at the RSI we have already a bullish hidden divergence . EMA crossed over...
Hey traders! We have a potential bearish Bat pattern @ 76.500. Expecting a short reversal to 38.2% atleast of CD leg. Price action trading below the EMA and RSI shown Hidden bearish divergence already. Price action also reaching the structure resistance, looking to test.
IF price action comes at 1.4398 then our Cypher pattern will be completed right at the level where the next structure is, If you look left. And if you look below in RSI, you will find a Bullish Hidden divergence formed already. Price action is also trading above the Exponential moving average. I am expecting a reversal after it completes from the potential...
The long position entered on a breakout of the 1.40 level is finally seeing divergence on RSI. We warned earlier "that this trade (long USDCAD) is crowded: the relationship between the USDCAD pair and oil prices is well known to pro traders, hedge funds etc. Many analysts have written about this trade over the last 12m to alert retail traders to the opportunity....
IF price action comes to the previous structure support we might have a completion at 0.75418.. We have a RSI hidden bullish divergence formation. I am expecting a reversal from the potential reversal zone area If the pattern completes.
Please see chart above for Stops (stop 10 pips below X leg) and Targets (Target 2 is a few pips below 61.8% Fibonacci Retracement). Positives: Trade is in direction of trend RSI Divergence Any feedback is welcomed!
Just take a look at the chart, we are in a good position to go Long on NYSE:GE General electric, if you look out for valid reasons - Below are few : 1) In 4hr chart, we have Double Bottom & RSI Bullish Divergence 2) In Hourly chart, its a Triple Bottom with RSI moving upwards 3) Check the Support area marked in Green, its along previous Resistance formed in 4hr...
NZDUSD has entered the PRZ of two bullish harmonic patterns. The PRZ is supported by two weekly trendlines and a series of missed pivots sit above price which may help add to bullish bias as well. Divergence can be observed on both MACD and RSI oscillators, in addition to an oversold RSI. Entry is placed at the base of the PRZ with SL below the second weekly...
EURGBP has entered the PRZ of a bearish crab. Long-term trendline resistance may add to the probability of reversal in this area. MACD has printed bearish divergence as well as RSI being overbought to add to bearish bias. Entry is placed at 1.618XA with SL at 1.786XA and target at .382CD. Bearish Confluence: Bearish Crab Long-term trendline resistance ...
As we know, today the market dropped incredibly in according to the Asian markets. We have been playing off the same trendline support for the past month and a half. Every time we come down into the region we form either an inverse head and shoulders or cup and handle as our reversal pattern. This time we formed a cup and handle pattern. Usually during reversals,...
EURJPY is nearing the PRZ of a series of bullish patterns. A medium term bullish trendline may add support to the reversal zone. To add to the bullish bias, MACD and RSI have both printed bullish divergence. Entry is placed in the center of the PRZ with SL below structure lows and Bat X point and target at .618CD. Confluence in the PRZ: Bullish Bat ...
As expected in this pair continues to head south. Right now, anyway, a nice bullish engulfing on daily is setting up at completion of an abcd harmonic move to the downside. On lower timeframe (4h) a double bottom already completed with bullish RSI divergence. This could trigger a nice countertrend long trade before looking to a continuation downside (to the...
CADJPY has entered the PRZ of a series of bullish harmonic patterns in an area of strong support. The PRZ, which is formed by the combined reversal zones of a bullish bat and crab, may also be tested near the .5 Fibonacci speed fan line for an added level of time-based support. On a larger TF, a bullish AB=CD pattern is complete in the center of the PRZ. There...
EURCAD has entered the PRZ of three confluent bullish harmonic patterns within a tight PRZ and fib cluster. The .382 Gartley and Shark target aligns precisely with the new weekly pivot and the .618CD target for the bullish crab. To add to bullish bias, divergence has been printed on both the RSI and MACD oscillators. Entry is placed at the center of the PRZ with...
Happy New Year, traders! Here is a trade to consider after the holiday. USDCAD has completed 2 bullish harmonic patterns at week-long trendline support. The PRZ falls in a S/R zone and the new weekly pivot for 1/3/2016 coincides with the 50% retracement of the CD leg, making this a nice level at which to take profit. To add to bullish bias, RSI has printed...
AUDUSD Look at that divergence! Impulse done, wait for the correction. Sell 0.72700 SL 0.72500 (20 pips) TP 0.71700 (near fib 50-61.8%) What do you think guys?
Wave 3 and 5 give us bullish divergence, also ending diagonal pattern. I think it will be go up! Limit buy 0.71235 SL 0.70725 (Support Level) TP 0.74500 (Fib arround 50-61.8%) What do you think guys about my setup? *Sorry forgot to label wave 3 and 5. The important thing is the market give us divergence!