- Bearish Divergence is apparent on the 1HR and 30M charts.
- Price action is making higher highs while the RSI is making lower highs .
- This is signalling a downturn in the market and a reversal.
Risk to reward ratio 4.11 .
SL: 0.86463
TP: 0.85370
On the hourly and half-an-hourly timeframe, GBPNZD is showing bearish divergence signalling a pullback/reversal from its highs. Furthermore, price action is making higher highs while the Relative Strength Index is forming lower highs .
Additionally, there is disequilibrium between price and the conversion line (Fast Moving Average) on the hourly and...
Firstly, Price is currently at the conversion line after disequilibrium between the conversion line and price action, now the conversion line and price is in disequilibrium with the base line on the 4-hour timeframe. Furthermore, price should look to make a move to the base line, but on the other hand, the overall trend is down which points towards a potential...
$TSCO at a layer of support currently and looking likely to pull back to the zone near p226 where the fast and slow-moving averages, as well as the bottom of the cloud, are located. Then price is looking to continue a downtrend as shown by the bearish Ichimoku cloud (daily timeframe). Potential short setup @p226. Thoughts on this analysis?
$NVDA to pull back to the slow-moving average (purple highlighted area), using it as support, then potentially move higher as shown by the bullish Ichimoku cloud. There is clear disequilibrium between the fast and slow-moving averages (base and conversion lines) and price action has already started moving towards the base line at roughly $569.63 and my analysis...
Price action looking likely to pull back as there is disequilibrium between the conversion line and the base line on the daily timeframe. This means the price should move down to the base line (Slow MA) bringing the conversion line (Fast MA) with it. furthermore, price moved away from the conversion line creating disequilibrium, and started pulling back on the...
