EURCAD: Reversal After RSI Bullish Divergence [Quick Updates]
Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
We see the RSI divergence here play out nicely, with an immediate confirmation of the price reversal. When the RSI makes a higher low and the price makes a lower lower at the same time, we can see that the momentum is resetting while the price is still dropping. This often indicates that the momentum will soon lead to upwards price movements.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
We see the RSI divergence here play out nicely, with an immediate confirmation of the price reversal. When the RSI makes a higher low and the price makes a lower lower at the same time, we can see that the momentum is resetting while the price is still dropping. This often indicates that the momentum will soon lead to upwards price movements.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.