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Rsi_divergence

XAUUSD bullish shark pattern approved by RSIHi everyone, I'm happy to present you my first idea posted on this platform. It consist in a buy setup on gold based purely on advanced technical analysis Considering the fact that this bullish harmonic(shark) was formed within the bullish trend: it is highly probable that price will form an other leg up straight away to ,at least, 1814 lvl which is 618 fibonacci. Moreover after noticing that RSI confirm this pattern and looking at the bullish candlestick pattern (pinbar) I guess second entry(when moving average cross bullish) is safer but the first entry can give a higher Risk:Reward ratio It is wise to choose one of these opportunity, or even taking both after keeping in minds the elements enonced above
OANDA:XAUUSDLong
by TheParisian
12
IP | Falling Wedge Reversal| MFI Divergence | Elliott 4th Wave?IP | Thailand SET Market | Price Action Trading | Elliott Wave Tracing Chart Pattern: entering Falling Wedge Reversal Pattern Price Action: Downtrend area of consolidation Entry Position: Buy on BREAKOUT of FALLING WEDGE Indicator: > MFI - Money Flow Divergence - Banker accumulation phase > RSI - Sideway up below 50 > MACD - Golden cross below baseline 0 Trust SYSTEM & INDICATOR | Never panic trade Trade affordable RISK | Ratio 3:1 Always respect STOP-LOSS Good Luck
SET:IPLong
by dukeposh
USDINR Bounce Incoming!USDINR has been bouncing off a long rising trendline since early 2021, and in fact has seen what you could reasonably call a clear uptrend on the larger timeframes since 2008. On the 12H chart and virtually all lower timeframes we're seeing oversold RSI reading, either with strong divergence (higher RSI, lower price) or flattening RSI with lower price, pointing to the current corrective wave coming to an end shortly. We've just seen price dipping in to enter the area of support representing our long trendline and seen an immediate bounce, and we have strong horizontal support just below current price. I think price will find support from buyers in this area and a significant move to the upside is imminent. This is not financial advice, you are responsible for your own trading decisions. Drop and like and follow if you enjoy the idea! Leave your thoughts in the comments below!
ULong
by HayeTrading
Daily Update - Bullish Divergence Spotted! Jasmy Shiba ADA OXTIn this video: * I review the indexes and corresponding price action * For the first time in weeks, I have gone from neutral to slightly bearish to bullish in the crypto space * For cryptos, our time living down in this bearish space is drawing quickly to an end * I have spotted major bullish divergence on many of our charts * We will pop soon, possibly this weekend, but I anticipate no longer than 10 days * The next bull cycle in the altcoin space will be huge. Most will not have ever seen it coming. * Get ready!
COINBASE:SHIBUSDLong
by stewdamus
7