By the look of it, we might have the opportunity to engage in this trade, an alert was set at 1.3684 to wait for a buying opportunity that should happen in an hour or two. If it didn't happen, we might have missed it.
Hello Dear friends On the daily time frame, the idol pattern is associated with negative RSI divergence. The $1,654 resistance area is very important. If the upward trend is above the price range of $1,762.46, the possibility of continuation to the area of $1,815 is strengthened. And the view of forming a downward trend will expire. We would be happy to hear...
On the chart of LKQ, we can see a forming ascending triangle and we can see hidden bullish divergence on daily timeframe. An ascending triangle is a bullish formation. The pattern gets validated when the price breaks out of the upside of the pattern. By using the Relative Strength Index we can hidden bullish divergence. A long position can be taken when the...
Hello to everyone The price perfectly fulfills my last idea. The market was trading at all time high level of 1397 and fell from all--time high price because of RSI Bearish Divergence on weekly timeframe. The price hit the target of 1228. Now the price is near the strong weekly support zone. The level of 1200--1230 is strong demand zone and there is RSI...
This Analysis is just for Educational Purpose...... Titan is showing Positive Divergence..... Bullish with SL around 2339.90.....
This candle closing price would determine whether I will aggressively engage in this trade. I need to see a long shadow candlestick pattern formation by our school definition. Do not that if I decided to engage the trade in the next 3minutes, it means that this trade would be an overnight risk trade.
Nifty 50 showing bullish signs.... Also Bigger Picture trend is positive.... Divergence Positive..... SL can be Kept near 17640... Just for Educational Purpose.....
On the Daily Chart (right), we have the potential Bullish Flag Pattern forming. If Flag Pattern didn't happen, a retest on the support line at 1.1937 with an RSI Divergence gives traders who are looking for a buying opportunity a push to enter the trade. On the 4-hourly chart(left), the parallel channel meets at the same price region of the daily chart at 1.1932,...
Hello dear friends Due to the negative divergence of the RSI in the daily time frame, the possibility of completing the bullish wedge pattern at the end of the uptrend has been strengthened. 🔍 If the range of $719 is completely consumed, the possibility of reaction to the range of $806 will be strengthened and we can expect the continuation of the downward...
Hello dear friends Do you think the position is attractive? Isn't it!? The analysis is valid if the $0.327 resistance range remains unexploited We would be happy to hear your comments
A buying opportunity and shorting opportunity present on the EURUSD trade, which would you take? On the higher timeframe(right), there is a buying opportunity base on the Bullish Shark Pattern that is completing at 1.0519. Although the trade is within the Buy Zone(blue box), a retest at 1.0519 with an RSI Divergence is preferred. On the 4-hourly chart, the...
An aggressive shorting opportunity present itself within the sell zone. Shorting is consider trend trading in this trading setup, so why does it consider as aggressive? That is because the market is now traded on the tip of the box. It presents the Best Profit Factor(Reward:Risk) but in the most risky setup(very close in breaking the Sell Zone). One can choose...
Hello Dear friends Currently, the positive divergence of the RSI combined with the downtrend line on the daily time frame has strengthened the possibility of completing a bearish wedge pattern. To form an upward trend similar to the drawn scenario, we have two conditions: the complete consumption of the $108.9 range and the maintenance of the $87 range. If the...
The Potential Head and Shoulders with RSI Divergence gave me an excellent opportunity to engage the trade with a great Profit Factor. What are your thoughts about this?
A Type2 Bullish Shark Pattern setup with RSI Divergence on AUDUSD off the 4hourly chart. What is nice on this setup is the long tail candle on the 1hourly chart on the left that got me interest to engage the AUDUSD trade.
My Ultimate Trade for the Week falls into the hands of the Head and Shoulders Pattern on the daily chart(right). The Bullish Bat Pattern(left) is the perfect setup for me to achieve Low Risk, High Returns trade; however, it is unlikely to happen as the Bat Pattern must be completed by Monday, 20 Feb, 7 am or 12 pm(SGT). The next sensible setup would be the...
Patience is required if you want to be successful in trading. The consolidation on the 4-hourly chart took sometime before the market finally spiked up and completed the Shark Pattern. This is the only possible entry price on this Bearish Shark Pattern and should you decide to engage the trade, do note that the trade will be carry over the weekend.