GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, UNION JACK OIL PLC ORD 0.025P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
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
- Trading the parallel channel on the D1.
- USD/CAD nearing its monthly support.
- RSI bullish divergence on the H1, showing price exhaustion and change of momentum.
- 100 pips target with a 50 pip stop loss.
EURJPY - possible down move after resistence level reached, sell order placed, with decent risk/reward ratio backed up with RSI Divergence present
As the price approaches 131.414 the trade will trigger.
RSI Divergence present.
Decent Risk/Reward ratio.
Patience training :)
NOTE: Please take everything below with multiple salt pinches.
For those who are considering buying cryptos around this time and or holding on for the mid / long term, the rapid influx of shorts today and possibly the frequent comparisons the 2014 crash might cast a fair amount of doubt into the picture.
The chart details most of this, but if we take a look a ...
Potential Long Opportunity on USDJPY:
- I am going to wait for price to decrease to 110.979 - support level
-Minor RSI Divergence
-Possible multiple targets
-Decent Risk/Rewards Ratio - in the case of multiple targets more than decent...great risk/reward ratio
Bat pattern close to entering the PRZ. Wait for entry reason in green box. Profits at .382 & .618 level (which will vary with D point).
This also coincides with Daily Support level (below)
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?
The EURUSD is reaching levels where previous Euro selling was strongly met. A similar situation is happening at these levels. The RSI is also indicating overbought situations and is falling with a bearish divergence relative to price (Orange RSI trend line). If price does recover to the Red resistance line at 1.207 to 1.21 sell there with stops anywhere from ...
Make sure you TRADE SAFE
Divergence will build as shown on RSI window.
Bears will take control.
1st stop, 5K
This could be the start of THE BIG SHORT - and then the BTC10K ;)
Silver seems to be forming a topping structure, there is a major supply zone around 18.40, if price can close below the trend line i would be short to around the next trend/200EMA.
The RSI is also losing momentum and showing a divergence with price.
Weaker than expected NFP could be the catalyst needed here.
H&S forming if it breaks 7400 target 7340.
RSI DIV for confirmation
Retest of trend before breakdown.
This looks a nice setup with the neckline as previous resistance.
Oil is at a major trendline if it rallies this should breakdown nicely ,as this pair is negatively correlated with oil.
RSI divergence supporting the fading momentum.
Be careful with the interest rate decision later if taking any trades.
Ok there seems to be a lot happening to back up a short.
Previous support acting as resistance pushing down on price
This setup has occurred several times in the past and every time it falls around 15% this would take us to the major trend line and 78.6% fibs.
All in all this is looking like a good setup, wait for ...
this evening i'd want to share a setup that i will closely look at in the next few hours and probably on Monday opening. This is a 2618 trade that's forming on EURNZD. If you're not familiar with this kind of formation, it basically consists in selling/buying the 618 retracement of the leg that breaks the double top/bottom's neckline. Essentially it ...
on EURUSD we are fronting a structure level on the 4HR chart. On the daily we sitting between previoous resistance and support and so i think it could be a nice spot to get short.
As a conservative trader i want to see price confirmation: last week price created a nice double top with RSI divergence but i didn't short there cause the engulfing candle had ...
on EURGBP we are testing a daily structure level that could turn out to be the right shoulder of a bigger head&shoulder (on the daily). So we know we want to look for shorting opportunities. In the 4HR chart we can see price's created a double top with a nice RSI divergence.
The confirmation sell signal comes from the engulfing candle just formed.
GBP/USD is forming a double bottom at a low of 1.2000 there are long wick rejection candles at this level, there is also RSI divergence to support looking for longs.
If however price can break and close below 1.2 i will be looking for shorts.
this analysis starts from higher timeframes. As you can see in the attached analysis i predicted usdjpy was coming to test this level some days ago. Now at this level we have a major structure daily level (black line) with a couple of fibonacci levels for confirmation.
Another confirmation comes from RSI, that has a divergence on the last highs. In the ...