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Divergence

AUDUSD | Bearish DivergenceThis idea is a continuation of the previous idea, which is listed below,make sure you've seen it! In this idea, bearish divergence are clearly seen in 1 hour time frame, of course this is our chance to take short, but there are conditions to ensure that this divergence is valid,there are two confirmations that you can choose or you can choose both Option 1 The first option is the trend line, this is the most basic and simple confirmation, the way to use it is when the price has crossed the trend line, then that's when we can enter Option 2 For the second option, this option was chosen because the area is a strong area, if the price manages to break through this strong area, then it is a good time for us to enter How about combining the two options? To combine the two, we need to wait for these two options to have been breached. the conclusion is that if only one option has been penetrated (while the other has not) then we have to wait for the other option to be penetrated by the price Thank you for taking your time to read, it makes me more synergistic Stay tune!
Short
by Ivannn7
PYPL - bullish divergencePYPL broke out of an Adam & Eve formation on 27 Jul, then gapped up strongly upon Earnings on 3 Aug. Since then, it has retraced about 38% of it's AB swing up and appear to find support @ 90 where the gap is closed. The stock could be ready to begin another up swing as we are seeing some bullish divergence between price and stochastic. Stops raised to just slightly below $89. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:PYPLLong
by Juliac
2
SPX - potential bullish divergenceThe divergence is more apparent on the 4hrly chart and the same is also seen on Nasdaq. Perhaps market is expecting a less hawkish FED speech tomorrow. Let's see! I have to emphasize that bullish divergences when it happen could materialise into a short term bounce (that may last a few candles) but may not translate into a longer term trend reversal (up). Best to wait for clearer signals or trade small and adhere to stop losses if wrong. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPX
by Juliac
AUDUSD Falling Wedge And Double BottomLooking at Trading a possible falling wedge and double bottom on AUD/USD today in the 4-hour chart. My bias is still in fact, bearish. Prices are still moving lower and on the Daily chart, we can see we have a nice gap where prices can still fall right down to the 0,668 price level. So, looking for longs right now is all very well and good, however, we have to be careful and make sure we have bullish confirmation of a reversal before we go jumping into the deep end and going long right away. On the 4-hour chart, we have a falling wedge with price bouncing nicely in between the top and bottom of this wedge. Usually, we will see a breakout from a falling wedge, which will usually be to the upside. We also have a possible double bottom inside of this falling wedge. I have highlighted the neckline in yellow. We would need to see the price strongly break out of the wedge and straight through the yellow neckline. We would need to see bullish volume accompany this move to help confirm that the bulls are back. We have partial divergence on the MACD’s Histogram. This means that the sellers may weaken and the buyers may be getting ready to regain market control. My concern is the large gap in the daily time frame. We still have space to fall. And, if we do fall further, we can then look for further short entries, using that previous daily support level as a target. However, no short setups currently present themselves, at least to me. I am patiently waiting to see if the price will break to the upside and reclaim that yellow line as support. We have Bullish confluence all around: Falling Wedge, Double Bottom, Partial Divergence. But, as much as we would like to try and convince ourselves that the price will indeed reverse from this point, the truth is, that on higher time frames, the price movement is still bearish. We are still making lower lows. So, let's watch what happens today. Perhaps we will get a bullish breakout. See you on the next one. The Vortex Trader
by TheVortexTrader
1
EURGBP:Interesting level ahead as price approaches yearly highs EURGBP has ranged for the past 16 months, at times mindlessly and aimlessly. This has made many traders, especially trend traders lose interest in the pair. However, over the past month, price has shown some bullish intent and pushed towards multi year high at 0.8719. I personally believe this level would hold and send prices lower, however I am keeping an open mind in the case of a breakout. If that happens price could rally up to 0.8900 (2020 lows) The H4 has shown a bearish Stochastic divergence and if this kicks in, I will short for a few hundred pips
Short
by Autofx
3
SPX and NQ - short term bounce comingAfter retracing 61.8% of the recent AB up swing (that lasted 2 months from 17 June to 16 Aug), the market finally seem to be finding support yesterday, forming a bullish pin bar and a potential bullish divergence between price and stochastics. However note that a bullish divergence usually signify a SHORT TERM trend reversal (lasting only several candles) and may not translate into a longer term trend reversal. There is a chance we could be in a whipsaw market for a while more. Need to be nimble still until we see a clearer picture. Stay safe. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
TVC:NDQ
by Juliac