Hello Traders, Here is something for next week. It has been observed that price on AUDUSD 4 hrs chart has a formed a nice double top with negative divergence on RSI. It looks like a nice short trade opportunity for aggressive traders. Trade levels are mentioned on the chart. Thank you. Happy Trading!!!
Negative divergence printed price could break uptrend before the price near pre-brexit levels, where profit calls are likely to be hit. It could break before it, but there is considerable momentum and therefore it's best to wait a little long and short higher. Around 10,150 points. Good luck
Red lines = everytime MACD (11,24,11) divergence has gone below -10 after being up > +10. As you can plainly see, it's pretty rare that the 1 day MACD is unreliable with these parameters. This recent fall has tried and failed multiple times to get past the 2951CNY mark. If we use 11/10 as a guide BTC would be going down 20% to around 2330---however I'm at least a...
Prepare for the coming storm. It's been a nice long run, but all good rallies must come to an end. We're nearing an inevitable drop. The market has sustained this rally for too long, on lower and lower bullish volume, is losing momentum, and will crash. You can see other equities and indicies preparing for the same style of drop. Do not get blindsided! This is...