Get started

RBS

1.236 fibo hit and rejects, time to go BULL?Yesterday's news was unexpected. Why? simply because it shot up after dipping down. As usual, there's a zone or area that forces it up. In this case the 1.236% touched and didn't hesitate to close the day with 800+ pips. As per my previous analysis, now it has closed above the 38% monthly fibo retracement. The daily has also closed above the weekly fibo retracment of 1.236%. The AO is showing divergence with the weekly timeframe, we need to wait for the end of today. Now what do i do? Follow the news that's always telling something false. Be with people who have fear and greed? Which? Well for me, follow what the market tells you to do. In this case, it's telling me, im ready to go long. But I've got a few things before i decide to be in a trade. To be precise, 3 things now. 1) Wait for the end of today(friday) weekly bar has to close above the 38% Monthly Level. If it does, i will watch next week to break this week's resistance to become support to go LONG. If it doesn't i will do nothing. It needs to be RBS. 2) Watch for today's movement(price action) in smaller time frame(h1-h4) at the 38% Monthly fibo, if the pull back happens and rejects there, i will try to go long. If closes below, i will continue to short. 3) Lastly for whatever reason, If it closes below the 38% monthly fibo, i will continue to stay short. Follow the market, don't guess. Risk Management your trades.
ULong
by Muhammad_syafiee
Week 46: ZSF 2021 Buy at retest levelWeekly analysis for ZSF2021 Week 46: 09 to 13 November 2021 Market was pushing the price higher and made a new Higher High last week. The Head and Shoulder formation was not happening, on Friday the momentum was slower and today not much happening too in Asian session. Overall trend is still bullish, but don't jump to the band wagon now; we better wait at a retest level to long. My personal trade call for this week : Buy Limit at $1,084 Stop Loss at $1,061 Take Profit at $1,130 RR = 1.92R Special note : As there is no reference on the Take Profit, we do not know how bullish it will be. My advise, watch for the Price Action in H1 and H4; they will give you an early warning whether to close manually or let it ride. If I happen to watch it, I will update it here on comment section. Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.
CBOT:ZSF2021Long
by machintose
3
ROYAL BANK OF SCOTLAND - TIme to ZOOMRBS faces its earnings tomorrow, which although may be patchy, should not be cruelly wounding to their overall growth. We have a beautiful sign of a golden cross forming here, as seen highlighted within the blue circle. We have a previous divergence, leading up to us sitting on top of the marked support. It's clear RBS is interested in sitting at a higher level than previously before, and accompanied with the sufficient volume, this could really take off should the circumstances come correct. The SL is marked just below where we wicked down to an hour previous. There is no guarantee that this support will hold, but it seems relatively strong, especially comparing it to the past performances in its existence. It helps a lot that we have pushed through this support rather than fallen to it, as it indicates that this price level is secure and potentially trustworthy. Hopefully RBS can show us some green over the next couple of weeks. This is mapped for more of a long term hold, maybe exiting in mid-May.
RLong
by lndlsnt
1
HSBC Bank and RBS Groups on Launching New Digital Banking PlatfoRecently, British banking big names HSBC and RBS indicated they have launched new digital banking platforms. The launch happened after a competition for digitally savvy customers steps up in the face of a wave of online startups. Last Monday, HSBC has also rolled out a new app-based business banking service. This service was previously known as “Project Iceberg.” Currently, it is now labeled as “HSBC Kinetic.” Meanwhile, RBS is placing the finishing touches to its latest digital bank called Bo ahead of a public roll-out later this month. Moreover, Bo has already arranged a public launch this month from offices in London’s West End. The Bo app is to urge customers to have a financial plan and save better. This plan will also alert if you have made some overspending. There is a target of 16.8 million Britons with less than 100 pounds ($128) of savings. Prospects of Leaner Banking Platform
R
by Financebroker
RBS - Set to correct lower?Sell RBS (RBS.L) The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts. Market Cap: £29.13Billion RBS appears overdone in the very short term. The shares have benefitted significantly form the rally in GBP over recent weeks with a 30%+ rally from the October lows. The shares have rallied into an unfilled gap at 247.4p, which was created on the 26th April 2019. This also corresponds with a 78.6% Fibonacci retracement level from the highs at 266.1p on the 17th April to the lows at 176.6p on 15th August 2019. The looks to be a reasonable level to take some short-term profit or initiate some speculative selling. The bearish looking candle on the daily chart adds further weight to the bearish argument. Stop: 250.5p Target 1: 232p Target 2: 217p Target 2: 197p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
RShort
by Investamate
Confluence of resistance for RBSFor a more in-depth analysis, see: www.quantiumresearch.co.uk RBS ran into an almighty price barrier on Friday. Today it reversed over 2%. Look at the significance of this resistance. 3 components are shown in the chart: 1) Fibonacci fan line 2) 100-day moving average 3) 2.618 extension of a price gap. The market has retested and responded to the 0.382 trendline from the fan 3 times before now. That makes it a validated trendline and solid resistance in its own right. When this was combined with the 100-day moving average, it gained even more significance. Now, the Fibonacci extension is measured not from a price range, but from a non-price range: a gap! The high of the top candle landed right on the 2.618 extension. This degree of confluence means something. That being said, the market had completed 5 waves down and developed a bullish divergence on the RSI . If this means the downtrend is over, then today's turn to the downside may be short lived, even it it was initiated by a very strong area of resistance. A very interesting chart to keep an eye on.
RShort
by Quantium_Research
An almighty price barrier for RBSRBS ran into an almighty price barrier on Friday. Today it reversed over 2%. Look at the significance of this resistance. 3 components are shown in the chart: 1) Fibonacci fan line 2) 100-day moving average 3) 2.618 extension of a price gap. The market has retested and responded to the 0.382 trendline from the fan 3 times before now. That makes it a validated trendline and solid resistance in its own right. When this was combined with the 100-day moving average, it gained even more significance. Now, the Fibonacci extension is measured not from a price range, but from a non-price range: a gap! The high of the top candle landed right on the 2.618 extension. This degree of confluence means something. That being said, the market had completed 5 waves down and developed a bullish divergence on the RSI. If this means the downtrend is over, then today's turn to the downside may be short lived, even it it was initiated by a very strong area of resistance. A very interesting chart to keep an eye on.
RShort
by Quantium_Research