Divergences, whether bullish or bearish in nature, have been classified according to their levels of strength. The strongest divergences are Class A divergences; exhibiting less strength are Class B divergences; and the weakest divergences are Class C. The best trading opportunities are indicated by Class A divergences, while Class B and C divergences represent...
Bullish Indications
1. Higher Highs and Lows
2. Trend line not broken
Bearish Indications (BIASED SHORT)
1. Rejected from Resistance Area
2. Double TOP OR BAT Pattern Formation In Progress
3. AB=CD Reversal Pattern
4. Formation of Bearish Divergence
Hello traders, welcome back to my divergence trading idea. Today, EURUSD form a Hidden Bearish Divergence on the H4 TF as price had made a Lower High (LH) while the RSI Indicator had made a Higher High indicating price can move further down as the price is in a downtrend. Also on the H4 TF, price rejected the recent high trendline around 1.11203 which could mean...
Since price has been failing to break and make new highs
I forsee an avalanche. The convincing factor is that
there seems to be a clean divergence in the RSI
on the daily time frame.
Looking for a break to downside.
Of course nothing is 100% in forex!
trade safe!!
Bearish Elliot Wave (EW) currently in progress, with EW4 potentially forming a Bearish Divergence which may tag the 200 Moving Average before it's descent.
Potential supply zone ALSO at 124.679. According the EW analysis the potential EW4 forming could find supply (resistance) at the end of EW1.
Alerts set at 124.679
Let's watch and wait
Bear Trader.
Potentially Bearish Divergence @ the 200 Moving Average. Price had previous completed a 3 wave correction followed by an impulsive move up with a small pull back, in which the impulsive move could continue up and find resistance at the 200 Moving Average along with a potential supply zone @ 0.72354/0.72226.
Alerts set @ 0.72265
Still Bullish for the mean...
Hello guys, in this technical analysis, its one of the complicated for me. because we see a lot figures in the past. So, I found out that sterling is in buy off. Because there are a news of investing what I found it in the past hours.
"The U.K. prime minister Boris Johnson say is thay he expected from U.k. to relax social distancing guidelines on growing hopes...
