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LLOYDS BANKING GROUP PLC ORD 10P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), CANADIAN OVERSEAS PETROLEUM LIMITED COM SHS NPV (DI), VODAFONE GROUP PLC ORD USD0.20 20/21, TESCO PLC ORD 5P
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Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Potential reversal opportunity:
- resistance level reached
-bearish candles started to appear
- RSI divergence occurred
- decent Risk/Reward ratio
EMA 34 is clearly below the EMA 55 line showing that there is a clear greater downtrend.
RSI is about to go overbought edging towards the 66.6 mark.
Anticipating the market dropping to rebalance and recover from being overbought.
i've been looking at this pair for a long time now. First, i've missed an opportunity to go long at the 82.00 level. Then, i saw price climbing up toward what would've been our potential target for a big pattern that was completed on the higher timeframe, namely the daily tf. Now, price has touched the 38.2 level of the bigger leg and has shown some ...
Crypto Charting Exercise:
An interesting method to spot "tops" for Bitcoin
1 Day $BTC chart in Log view.
Add RSI indicator.
Look for "RSI Divergence" = Where the RSI Chart does the opposite of (diverges from) the price chart.
I drew lines from daily close.
Spot a juicy pattern?
as you can see i'm planning to short USDCAD soon because we've a lot of clues that point in the same direction. First, we have structure looking left (that's a daily level) and that coincides with a psychological flat number (1,29) that could act as resistance too. On the 4hr timeframe you can see we've already completed an AB=CD pattern right in that ...
BT is currently in a flag pattern, so is the RSI and the CCI.However, BT does not really show that much volatility in recent earnings reports. So, I would only be shorting till the 50 SMA.
this is what i'm looking at today. AUDUSD (and also NZDUSD) is facing a strong resistance zone on the daily and weekly chart. Price is showing RSI divergence on the daily timeframe and also an overbought condition on the weekly. With the right confirmation on the lower timeframes, this could be a nice trading opportunity. Keep you updated!
If u have ...
IBM has gapped up since yesterdays open. Looking at prior earning reports the stock does provide us with the volatility we need to profit off this earning. The RVI is backing this idea with the breakout in the trend. However, the RSI is showing this stock could potentially be overbought and a short-term sell off could occur. Also, the 50 MA is providing the ...
Looking at commodities which support AUDUSD, they look overbought. Adding to that the DXY situation, the USD looks supportive of potential strength. Sell AUD with good take profits at previous lows. Take profits could change depending on circumstances.
Using the Relative Strength Indicator the S&P500 is showing the third strongest run in 40 years... and surpassing the other two in Nov-1995 and Mar-1986. But don't try to call the top...
In each case the S&P500 made higher gains, and momentum actually faded significantly before any major pullback.
Major pullbacks are preceded by consolidating ranges (i.e. ...
in front of you you see an hourly chart on EURGBP. The daily outlook of this pair brought me to such lower timeframes: we have a daily resistance here that could push price lower and we're moving in an overbought condition on RSI. This gave me reasons to believe it could be a reversal when i saw the retest failed at the first touch of that previous ...
this is the 4hr chart on AUDCAD and, as you can see, price has managed to break and close below a key support level (on the daily) @0,9950. Since this happened, we can now expect to see support turning into resistance, following the trend established in the downward direction. This zone also helps us creating a comfortable area where we can have good ...
this pair didn't take breaks, it's skyrocketed from 81 to 89 in less than a month. It implies of obviously a great disparity between sellers and buyers, but i think this could be at the end point. Looking left, this level of resistance is the last major one: it's also a weekly level and price always respected it in the recent past. This makes me think we ...
this is a pair on my radar this week, price has been in a heavy uptrend and now has reached a possible reversal zone (because of daily structure). On lower timeframes there's no confirmation yet, but let's see how it plays out. Very overbought condition makes me think we could see a reversal right here. Let's see.
If you have questions or you want to ...
i've been waiting for this setup to complete for two weeks now, and finally price has reached the level that i was waiting for, and in addition to that, it also gave us some nice shorting signal.
First, the yellow box represents a daily level of structure, this is a key factor in my strategy and it allows me to find reversal trades in smaller timeframes ...
if you take a look at the daily chart of this pair you'll notice right now we're testing a previous structure level that acted as resistance in the past. Being the case, i want to look for reversal setup down on lower timeframes, such as 1hr and 4hr. As you go down on the 4hr chart, it's apparent price is having some troubles breaking through 1,5050 level ...
here you can see the 4hr chart on EURNZD, i'm about to short this market and i'll briefly explain you why: firstly, the black line stands for a daily & weekly level of structure, that acted as support in the past, secondly, the RSI is overbought in this timeframe and it's showing some divergence on the daily chart. In addition to that, there's an AB=CD ...
this is a counter trend trade on USDCHF, so do not take it if it doesn't respect your own rules, it respects mine so i've decided to share with you. The yellow box represents a former daily level of structure, that acted as resistance in the recent past. As of now, price is finding troubles breaking through it, even if it seems to be a strong move. RSI ...