Taking a long position on EURGBP It is time to go long on EURGBP.
The pair has reversed downwards. However there is an opportunity to capture about 30+ pips by going long.
There is a butterfly pattern and M15 divergence.
Rsi_divergence
MU at support but showing signs of falling throughMU has a strong support / resistance line at the $65 mark. On the weekly chart we can see an RSI divergence. The daily chart shows it has a strong possibility of rebounding off support once again.
Traders should watch the ticker at the current price levels and channels. If it pops out of the current channel on the daily chart, traders should take an aggressive long position as a swing trade. If it falls through the support level of $65 then traders should take a short position, and could honestly trade at multiple time and price targets as it will likely fall first fast (as it has cracked support) but then continue to fall for a while longer.
Here is the sell zone for USDCADDaily is down
H4 is down.
Pair is hitting the H4 MA
M15 OB but there isn't enough divergence.
Awaiting a sell at 1.2615 - 1.2630
Stop loss around 30 pips.
ETHUSD - RSI AnalysisAn idea for ETHUSD
I expect the next bottom to form along the 200MA, which correlates well with the 200MA (green)
Areas in yellow are strong bullish entry points
The bottom point falls along these diagonal downtrend lines as does the top point
There seems also with the current top formation to be a large divergence on the RSI
USD/JPY What will you do? Buy or Sell?
FX:USDJPY
Pair : USDJPY
Indicators: RSI is Bearish Divergence
Indicators: Stochastic oscillator overbought.
Short / USDJPY
Selling AUDJPY at the high of last weekHere is why:
1) Harmonic Pattern
2) H4 divergence
3) Weekly high
4) m15 Divergence to execute the trade
Target is 91.5 which is a big drop. Waiting for trigger to enter.
GBP/CAD: Break-Out bullish rising wedgeGreat Britain Pound/Canadian Dollar was in the downside, but in that point, I see that GBP it's look with a chance to climb in this week and I see a good position to long.
The price it's into this symetric triangle, but as we look very carefully, we break out this bullish rising wedge and this resistance diagonal was broke up.
This it's the H4 timeframe and we see a bullish divergence in the RSI indicator making lower high and price action lower low. And also, as we break out this gray zone that I mark with 3 blue arrow, this it's a key zone to watch and possible pivot point to look as manipulation incoming.
I put a long position in GBP/CAD now in the $1.5764 GBP and SL to $1.5726 GBP and target to $1.5880 GBP.
I hope that this analysis support you
Good luck!!!
2 reasons to sell EURGBP nowEURGBP is on the uptrend so this is a countertrend trade. There are some good reasons for taking this.
1) There are 2 harmonic patterns to sell.
2) There is a weekly high from last week at 0.8588
3) H4, H1, M30, M15 is all overbought
4) RSI divergence in M30 and M15.
Stop loss is just 30 pips. Let's go!
AUDNZD Quick Sell TradeThis is a counter trend trade.
H1 has shown a high yesterday at 1.1075
There is a M15 Double top.
Harmonic pattern present.
Time for USD to strengthen?The markets have been recovering along with the AUD. However we see most of the USD pairs at a high (meaning USD is super weak) and there is a chance to go sell AUDUSD now.
H4, H1, M30 and M15 OB
Nice harmonic pattern
This is against the trend, so don't stay in it too long.
Selling USDJPY at 130130 is a round number that many traders would be watching.
We also see a harmonic pattern to sell.
The trigger is on H1, M30 and M15 with divergence.
It also relates to our big picture for USDJPY.
Stop Loss 50 pips only.
Muthoot FinanceHello and welcome to this analysis on MUTHOOT FINANCE cmp 1130
After peaking out in NOV 2021 it gave a Head & Shoulder breakdown in JAN 2022 which lead to a Bearish Alt ABCD 1.6x breakdown.
Now after completing its Bearish Alt ABCD it has reversed with a Bullish Harmonic Alt Shark with a Long Legged Doji candle and a Positive RSI Divergence.
It could bounce back to 1200 (initial target) to 1275 where it might retest the falling trend line.
The pattern would be considered invalid below 1070
HINDALCO 25% move upside EXPECTED
CONVICTIONS
1. Double bottom pattern
2. RSI divergence
3. Long support
NSE:HINDALCO
AUDCAD Long chance coming upAUDCAD is on the uptrend.
Both D1 and H4 is up.
There is a harmonic pattern to go long.
M15 is showing divergence.
BTC MacroRSI showing BTC is getting close to hitting the bottom soon, based on this it could happen some time this summer. Things are getting interesting in the market with DXY looking like it has already reached its top and tech stocks having some nice pumps recently after being down for some months.
ALTCOINS WILL BE DESTORYED EVEN MORE?This is another renko charts. This time it's btc.d (dominance of btc) with 0.5% block size on the 1d.
We can observe something similar to a falling wedge pattern with clear bullish divergence on RSI. Since start of 2022 we saw a decent correction in btc pairs but still a lot altcoins looks alive. ETH/BTC pair for exemlpe. For now the dominance is slowly rising and it needs to raise up to 45% just to test the upper line. Will there be a break out? We don't know yet, but bullish divergence is telling us, that it's getting ready for something.
So are we going to witness altcoins meltdown?
AltsCoins Pump SooonBTC.D 3hr Chart Analysis.
Fibonacci Retracement Showing Something .
BTC.D Also Showing RSI bearish divergence in 1d Chart.
I am Showing Question Mark In Chart Tell me Your Thought in Comments Box
Pump or Dump BTC.D
See Chart for More Details
This Time Wait & Watch
#BTC.D movement
Guy's Don't Forget to put SL in your Trade in this Market movement
I hope friends you understand my analysis.
Me & my Team trying to best analysis for you Friends.
~~Please Support Friends~~
(Not Financial Advice)
~~Best Of Luck~~
!! Thank You My Team !!
Long BTC - Regular Bullish DivMarket might consolidate a bit after the liquidity void has been filled. It is holding in Buyers Golden pocket for now and also playing in OB.
Wait for a break out and put your entry on retest.
It can hit TP 1 ( most probable) and TP 2 less likely.
JPM double bottomDouble bottom with divergence on MACD, RSI and Stochastic with 61.8% Fibonacci support from the bottom of the corona crash. Compared to the index finances are looking a lot better with JPMorgan Chase & Co. and Citigroup leading the way. Breakout of falling Wedge pattern shows a great opportunity for a Long position.
FTM AnalyzeHi friends.
AN ABC correction will compelete in 38.2% retracement.
divergence between Rsi and price is clear (like i show it).
also momentum is in oversold area.
we see an volume profit support in 0.37$
and a volume profit resistance in 0.7$.
Good luck Friends.
(this isnt trade advise)
Markets to make some recovery - Buying CADCHF now Last night was a bloodbath for stock as predicted but there is an opportunity to buy CADCHF and other risk on currencies. The reason I chose this was:
1) Daily is UP
2) Oil is strong so therefore so is CAD
3) Strong divergence in M15, M30 and H1
Stop Loss is about 40 pips.
SPX temporary bottomThis could be a temporary bottom for the Market. First we have a divergence both on the Stochastic and the RSI. The price bounced of the trendline and the Fibonacci(Bottom of the Corona Crash and all time highs).And on the Weekly the price closed outside of Bollinger bands which could mean that the price is oversold in a way. But this is not the market bottom, far from it. The situation in the world is unpredictable and unstable. Another reason are the Elliot waves on the weekly chart that I posted showing where the price could go.
