Wed 12th October 2022 GBP/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Sell. Enjoy the day all. Cheers. Jim
Hidden Bearish RSI Divergence
Tue 11th October 2022 XAU/USD (Gold) Daily Forex Chart Sell Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XUA/USD (Gold) Sell. Enjoy the day all. Cheers. Jim
Tue 11th October 2022 GBP/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/USD Sell. Enjoy the day all. Cheers. Jim
Bearish DJIA hidden divergenceThe Dow Jones is still in a downtrend even though we had the recent bullish pullback an this is evidenced by the formation of hidden divergence. The formation of hidden divergence usually means a continuation of the established trend will continue. The red lines on the price action and on the MACD, give you the setup. My target would be 31,000 and then 28,750
The COT shows the Non-commercials are short.
Tue 16th Aug 2022 EUR/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. This the 4th open Sell trade now on this pair. Enjoy the day all. Cheers. Jim
LINKUSD: Bearish Bat with Hidden Bearish Divergence at Range TopCHAINLINK has been trading within this range for the last few months and recently has put in a Partial Decline; However it has formed a Bearish Bat on the Way up and may look to make a 50%-78.6% Retrace before continuing back up again to Bullishly Breakout.
So i would say the short entry is here and the profit target is between the 50 and 61.8 Retrace. Before then reversing again and giving us a Secondary Partial Decline.
Tue 9th Aug 2022 GBP/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Sell. Enjoy the day all. Cheers. Jim
Bitcoin short-term view - BTC needs to get above $24.666Bitcoin short-term view - BTC needs to get above $24.666...
(a) ... to avoid a hidden bearish divergence on RSI
(b) a correction might find a stop at $23.054 - $23.328 (FIB golden pocket + SMA + EMA)
What do you think dear Crypto Nation?
*not financial advice
do your own research before investing
Flow at important volume resistanceFlow at important volume resistance combined with a bullish MA-Ribbon bullish
But we also see a hidden bearish divergence with a lower high on price but higher high on RSI
A correction is more than likely IMO - but MA-Ribbon might be new support for more breakout trials dear Crypto Nation
Drop me a nice comment about your thoughts
*not financial advice
do your own research before investing
Wed 3rd Aug 2022 AUD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CAD Sell. Enjoy the day all. Cheers. Jim
NZDUSD Hidden Negative Divergence Suggests More DownNZDUSD hidden negative divergence suggests that the NZD will move down further and
this is not the bottom. Bulls are thinking
'great, double bottom" but this suggests there the NZD remains weak and the selloff should likely continue.
We need a conter trend candle (a red candle)to confirm the entry point. Stops: 20 pips or so stop.
We are aiming for a lower low
Just wait for confirmation.
What is Hidden Bearish Divergence?Price rises to lower highs when RSI rising, hence 'hidden divergence'; RSI looks bullish but price remains bearish, each rally a bulltrap.
Some of these rallies can get pretty fierce, shaking bears loose and sending shorts for cover. Then the trend resumes, trapping bulls.
These bear market whipsaws just kill all the players. When you're in these, you get the feeling; "I just can't win for losing!" ... all traps.
Tue 14th Jun 2022 XAU/USD (Gold) Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAU/USD (Gold) Sell. Enjoy the day all. Cheers. Jim
Fri 10th Jun 2022 XAG/USD (Silver) Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD (Silver) Sell. Enjoy the day all. Cheers. Jim
Fri 10th Jun 2022 EUR/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. Enjoy the day all. Cheers. Jim
AUDUSD Hidden Divergence Suggests PullbackWe may be in a longer term trend change but pullbacks are
not a good time to buy and possibly trade short instead.
This 4hr hidden divergence suggests that AUD will pullback
and we can wait for the 4hr Stochastic RSI to set up
a new buy signal in the near future. For now this is
a sell or wait patiently for the buy set up.