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Divergence

Seizing Opportunity: GBPJPY Unveils Bearish Momentum on 4H ChartThe GBPJPY currency pair is currently exhibiting a discernible bearish flag pattern on the 4-hour time frame. Noteworthy in this context is the presence of a bearish divergence, adding an additional layer of significance to the technical analysis. Consequently, our strategy entails initiating a trade position upon the confirmed breakout of the bearish flag, anticipating a downward trajectory in line with the established bearish momentum.
Short
by miansarimhameed
Inverted Head & Shoulders - UCHFHere we have USD/CHF on the 30 Min Chart! It looks to be outlining a potential Inverted Head and Shoulders Pattern upcoming!! The First Low or "Shoulder" @ .86792 followed by the Lower Low or "Head @ .86662 with price moving back up to the Confirmation of Pattern or "Neckline" @ .86973 makes me believe we will get a BREAK of Confirmation @ the 3rd touch of the Neckline with price continuing HIGHER! The RSI indicator is also throwing out a Slight Divergence, strengthening Bullish Bias on this possibly imminent Reversal Pattern! Fundamentally this week: USD - JOLTS (Tues) Non-Farm Payroll (Wed) Unemployment Claims (Thur) Non-Farm and Unemployment (Fri) CHF - CPI (Mon) Currency Reserve (Thur) **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!! -Pattern Prediction- *If Price Breaks and Closes below .86792, Pattern INVALIDATED! *If Price Breaks and Closes above .86973, Price Action will initiate my Trade Action Plan!
Long
by Novi_Fibonacci
#AUDJPY potential turnaroundHello dear traders and friends. Let's take a look at the AUDJPY chart and explore the potential bullish move that could happen from around here. As observed in the 4-hour timeframe chart, the overall direction of the price is bullish , characterized by higher highs (HH) and higher lows (HL). The price respects a bullish trendline acting as support, with clear bullish bounces occurring each time the price reaches or gets close to this line. Simultaneously, in the 1-hour timeframe chart, the price is forming a double bottom , corresponding with a bullish divergence between price and the momentum (Stoch) oscillator. The crucial aspect of these two confluences is that they are occurring in an important supportive area, namely the static support area and the bullish trendline, which adds to the possibility of the divergence working out. From a candlestick perspective, we also observe the formation of a bullish engulfing candle in the 1-hour timeframe, which can be interpreted as a morning star if combined with two previous candles. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
9
#USDCNY long term selling opportunityPrice in Daily timeframe seems like to complete 5 wave bullish move and also we can see bearish standard divergence between price and MACD which is a very good signal for pinpointing the top. But the important thing to remember before taking position is to see market structure shifting to the downside with forming a lower high or creating a new low which at the moment non of this signals has been given by the price. So its best to wait for the price to confirm the bearish signals its giving to us before jumping to trade. Please also look at the other analysis in the weekly timeframe that I have posted for higher time frame confirmations which is also tagged.
Short
by mohemati
1
#USDCNY long term selling opportunityAs you can see in the chart massive bearish divergence between price and MACD indicator in weekly time frame which can cause a long term selling opportunity. Also price is testing bullish trend line acting as resistance since its connecting the tops and every time price test this trendline sellers jumped into market and drive price lower. Also as you can see we already had bearish divergence in the price before and caused prices to come lower in previous tops
Short
by mohemati
Software for finance $PAYPaymentus Holdings provides a cloud-based platform for electronic billings like utilities, taxes, insurance and others. The bullish divergence with the ROC was signaling a change of character for the stock. Now is forming a second base withing its confirmed uptrend; my favorite setup, and the risk/reward looks good. I'll use this week's gap up has support zone to place my stop and my target profit is near the lext resistence level at $22.50, that's a 30% move. The financial sector AMEX:XLF , is the 4th best sector this month and technology AMEX:XLK is the 1st. Paymentus Holdings earns the No. 2 rank among its peers in the Finance-Card/Payment Processing industry group. dLocal NASDAQ:DLO is the No. 1-ranked stock within the group.
NYSE:PAYLong
by dpuleo19
How to avoid Bull Trap ?The recent surge in Bitcoin's price has stirred excitement in the crypto community, but is it all that it seems? While the upward movement is enticing, it's crucial to exercise caution as signs suggest that this rally might be setting a trap for the bulls. Let's delve into the reasons behind the cautionary outlook and how to navigate this potentially precarious situation. 📉🚨 The Overextended Rally: Bitcoin's recent ascent has been remarkable, but as the saying goes, what goes up must come down. The current rally appears stretched, with prices trading in a resistance zone that could pose a significant hurdle. RSI Indicating Overbought Conditions: A notable red flag is the Relative Strength Index (RSI), which is signaling overbought conditions. When RSI reaches elevated levels, it often suggests that an asset may be due for a correction. Trading in the Resistance Zone: Bitcoin finds itself trading in a crucial resistance zone, adding weight to the argument that the current rally might be overextended. Trading in such a zone can be risky, as it often triggers a reversal or a prolonged consolidation phase. A Word of Caution for Long Positions: For those considering long positions, it's essential to exercise caution. The potential for a pullback or correction is significant, and entering longs at these levels might expose traders to unnecessary risks. Trading Strategy: Patience is Key: Rather than chasing the rally, consider waiting for a healthy correction or a clear breakout above the resistance zone. Risk Management: Implement effective risk management practices to protect your capital in the event of a sudden reversal. RSI Confirmation: Keep a close eye on RSI levels; a divergence or a move into oversold territory could provide a clearer entry signal. Conclusion: While the allure of a bullish Bitcoin rally is strong, it's vital to approach the market with a discerning eye. The potential for a bull trap is present, and exercising caution in your trading decisions is paramount. May your trades be well-timed and your strategies resilient in the face of market uncertainties. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
USTECH Trade Plan Timeframe: 4HUSTECH Trade Plan Timeframe: 4H #NDX100 #NASDAQ #USTECH #TradingwithBelieve #TradingOpportunity #Divergence #TradingSignal #USTECHtradingsignal #Forex Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 4H- timeframe, we've been witnessing a Bullish trend in the USTECH pair. 🐻 🔄 Divergence on HH’s: However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH’s. This is an important signal that the Bullish momentum might be weakening. 📉🔄: 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bearish bias. 📈 Entry Price: 15212 🎯 Stop Loss Level: 15407 🚀TP1: 15013 🚀TP2: 14824 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
PEPPERSTONE:NAS100Short
by TradingwithBelieve