D1 - We have bearish divergence followed by bearish convergence, a classical setup. Currently pair is under bullish pressure from the bullish divergence and we should see a correction up. H4 - Bears are under a lot of pressure put by bullish divergence. We can start looking for buys once we see a break above 1.54. In this scenario, suitable strategies would be...
My Long term view on this cable is buy. We are currently in a good place to look for buys. Bullish Scenario: Triple Cycle with Bullish divergence formed followed by False break. Until the last low holds we can expect the price to move up as the break below 1.2630 level was powerfully rejected. Bearish Scenario: I will be keeping an eye on the Daily...
D1 - Price is at the 100% Fibonacci expansion zone. Bearish momentum slowing down and bullish divergence started forming. Also band to band move and half more. H4 - Bullish divergence forming and it is a great zone to start looking for buys. Whereas if the price will complete a potential triple cycle by going lower, the next levels to follow will be 1.5120.
We have been following this pair for intraday buy opportunity. On the D! chart we have bullish divergence. We also have divergence on H4 chart which also confirms the divergence on D!. On the H1 chart we have a breakout of the range creating higher highs. There is an ideal chance for a long trade as a correction is happening at the moment. Protection should...
price in the support area and make a bullish divergent. find opportunity to jump into buy
After stop out in the previous idea. price finally complete ABCD Pattern and shows bullish divergent. and will take another entry in the smaller TF
Ideally should be done right before trading day close but here we go. USB is in general uptrend, so long position is sought. Initial long at 54.60 pullback stopped out at 53.50. Second entry with half position size at 52.75 pullback level, with subsequent long at 50 if pullback reaches here. Entry at 52.75 and 50 with stop at 49 was the initial plan. Expected...
EURGBP has been very weak, drifting lower and lower. Pattern Identification I am probably forcing a pattern into this setup here. I see a bullish Crab Pattern completing 0.8415. Ideally if it coincides with the bottom of the channel. There is a strong Horizontal support at 0.8450 RSI already showing potential bullish divergence Trade Execution Wait for a...
CADJPY has been supported by the 82.00 level since the beginning of the month of April. The RSI is showing a bullish divergence on the Daily chart, indicating that the last down move is exhausted and there could be some potential for it to go higher Trade Execution A safe entry would be for the price to break above the downtrend channel, let it come back to...
Price has bounced off of a significant resistance level (Blue Line) I have gone long after seeing bullish divergence (Orange Lines), along with an increase in volume. $EVH also has a high percentage of its float short at 34.20% , which has me thinking that with the recent bullish move, a large short squeeze may occur. Price target is $18.00 for a R:R of...
Gold has been taking a beating in the past week. The reasons I am looking to go long on this : - Completed a bullish Bat pattern - Bottom of the equidistance channel (counter trend trade) - RSI (H4 & D1) at the oversold region - Bullish divergence on the D1 RSI (see arrow on chart), also a bullish divergence on the H4 Stops should be below the 1200 levels,...
$NUAN falling wedge on daily. Positive divergences on RSI and MACD. Looking for upside move.
"trade what you see..."
$AMG Descending broadening wedge on 60. Pos divergence on RSI. Looking for a move higher.
$JWN descending broadening wedge on daily. But can it break the 200?
$LOW coiled up on 60 Pos divergence on MACD making me think upside move.
Crude USOIL WTI RSI bullish divergence H1 to 43$ short-term We might see just a little bit more of decline first, as the RSI at 53.02 pointing downwards indicates. Mid-term the downward momentum prevails considering the so-called "production glut" propaganda. Take care! Sinatra FX TWITTER: twitter.com
$SYNA looks like a channel down beginning back in early 2015. Hammer candle into channel lower extreme w/ gap still open above. Positive divergence noted in higher highs on RSI.