I think it will pullback and make a 50% retrace from here.
We Have Hidden Bearsh Divergence at a lvl of previous resistance on the 1 Hour within a Rising Wedge
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CAD Sell. Enjoy the day all. Cheers. Jim
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NZDUSD hidden negative divergence suggests that the NZD will move down further and this is not the bottom. Bulls are thinking 'great, double bottom" but this suggests there the NZD remains weak and the selloff should likely continue. We need a conter trend candle (a red candle)to confirm the entry point. Stops: 20 pips or so stop. We are aiming for a lower low...
As it states in the title, hidden negative divergence for the Nas100.
I expect BTC Dominance to retest 48%, then get rejected and breakdown from its range. The support is at 35%, which means that in the 3-5 months that follow this breakdown, the Alts will outperform BTC by 13%.
Price rises to lower highs when RSI rising, hence 'hidden divergence'; RSI looks bullish but price remains bearish, each rally a bulltrap. Some of these rallies can get pretty fierce, shaking bears loose and sending shorts for cover. Then the trend resumes, trapping bulls. These bear market whipsaws just kill all the players. When you're in these, you get the...
Bulls thinking "wow! what a discount". But this is just more of the same and bulls haven't learned a thing. Hidden bearish divergence suggests this will continue to fall.
Hidden bearish divergence suggests that the AUDUSD will resume the larger trend down and we have not bottomed yet. A new low? We can't not say. This is not a buy here. Most instruments are showing similar divergences.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAU/USD (Gold) Sell. Enjoy the day all. Cheers. Jim
Hidden negative divergence suggests that the NZDUSD will resume the larger trend lower. A similar condition is happening in the AUSDUSD.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD (Silver) Sell. Enjoy the day all. Cheers. Jim
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. Enjoy the day all. Cheers. Jim
We may be in a longer term trend change but pullbacks are not a good time to buy and possibly trade short instead. This 4hr hidden divergence suggests that AUD will pullback and we can wait for the 4hr Stochastic RSI to set up a new buy signal in the near future. For now this is a sell or wait patiently for the buy set up.
The price is revisiting the Fibonacci Retracement short zone at 88.6%-78.6% range showing candlestick weak in a bearish hidden divergence with Fisher Transform and Awesome oscillator, facing great selling pressure, forming bearish pivot point to a short recharging.
The setup for Facebook is still looking quite Bullish as it's double bottomed and Reacted at the PCZ of the Bullish Cypher that can be seen in the related tab it's currently targeting a Gapfill to the upside; However Twitter is starting to look quite Bearish on the 4 hour and if it starts going down from here it will have confirmed Hidden Bearish Divergence on the...
Look for an entry between 250-253 Approaching bullish trend resistance. Bearish Divergence on the Daily time frame. Entry $252.25 TP 1 $248.24 TP 2 $246.15 TP 3 $242.40