A reversal pattern and its conditions are being fulfilled. A bullish divergence can be spotted if the chart trend is compared to the RSI. The projection line is the distance between the falling wedges - the projection line shows the speculative profit zone.
AUDNZD is showing a bullish harmonic pattern. These patterns play out well for reversals. A PRZ area forms after which a playout can be seen. It is complimented by Bullish Divergence and has a good chance to go up from here. With tight SL's Let's ride this
A nice reversal pattern with a confluence of bullish divergence is symbolizing Bullish Signs for TSLA.
Rising Wedges are a famous type of reversal pattern. A confluence of bearish divergence confirms trend reversal. BTC is expected to go down all the way and touch 23K. With positive sentiments, the setup is all ready for a short position on a weekly timeframe.
EURCHF is displaying a Bearish Harmonic pattern 4-point price structure where one segment partially retraced and followed by an equal move from pullback C point retracement is 0.38, 0.50, 0.618, 0.707, 0.786, 0.886. BC projection 2.618, 2.0, 1.618, 1.41, 1.27, 1.13. Minimum AB = CD completion where each price leg is equivalent C point retracement can vary between...
EURUSD is in a strong bearish pattern. A descending Channel continuation pattern is in place. No signs of a visible divergence. Fib Level 0.382 entry level and stop loss at Fib Level 1 is the trade setup
Price action is bullish and some sideways oscillation will move the trend up. Getting out of the accumulation zone always helps to ride a trend when there are no visible signs of divergence.
Keep it simple with Dow Theory when a series of higher highs and higher lows is printing. It's always good to get in with Fib Retracement. It is safe to say that we'll print news highs since there is no divergence.
We're trading sideways, fundamentals direct us to a bearish position for now. But let's not miss out on a potential trade setup. I am confident with this setup. Place your stops, and let's ride!
AUDUSD is forming a bearish flag on the 1D timeframe. All the levels are defined but continuation patterns are famous for riding.
Trade Idea - Bullish Flag - Continuation Pattern - No Divergence - Buy Stop Triggered for confirmation of higher high TC - 1
- Strong Bearish Candlestick Pattern - Market Sell Order Executed - Divergence not spotted - Pull SL's tight here TC - 3
- Bullish Trend - Dow theory (HH's , HL's) - Ascending Trendline - No Divergence - Buy Stop Executed for confirmation of higher high TC - 2
As indicated a sideways trend is being followed. A sign of bullish divergence is present which might mark this zone as an accumulation zone. However, trading sideways can always get profitable if you put simultaneous orders of long and short positions with stop losses in place
Trading Support and Resistance is the easiest trading strategy when done right. These levels are traded in a manner where you place long and short orders simultaneously. Support and resistance always play well in non-trending markets (no bullish or bearish trend following). Now if the market takes upward direction the trade would be profitable if it takes downward...
DXY - US Dollar Index showing bearish reversal pattern. - Bullish Trend Identified - Bearish Divergence Spotted - Reversal Pattern Identified - Breakout Zones Defined - Trade Executed
DXY - US Dollar Index showing bearish reversal pattern. - Bearish Trend Identified - Bullish Divergence Spotted - Reversal Pattern Identified - Breakout Zones Defined
NZDUSD is showing bearish trend and fib retracement is displaying its short sell levels.