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Rsidivergence

EUR/USD Corrective ShortAfter last weeks FED and ECB markets were left adjusting to Powell and Lagarde's comments. FED will have to continue on with rate hikes well into Q2 '23 when they can start a pivot of no hikes, but certainly not making any cuts either. Rates will be held until they feel they have things 'under control'. While Lagarde sounded 'hawkish' it doesn't change high inflation is here to stay and global growth concerns are starting to take headlines, weighing on sentiment. I scalped the range last week but focused on shorts after fibonacci extension target was reached at 1.07350. I took short from 1.07250 closing at the end of the week at 1.06050. This week I took entry short back at that same level, 1.06050 **If SL gets hit, it’s only 10 pips and I’ll hop in on a long scalp into 1.06500 - 1.06800 Market can range with end of year low volume so its best to cut it quick when you know a key level is failing and get in at a better entry. At the end of the day, trade you own levels..but I hope you found to be decent
Short
by Krecioch
2
Murderous Intent on GBPAUDI have a murderous intent on the GBPAUD, it is not because of revenge trade, heck, I don't even have any recent losing trades, and I've been trading for some time so I don't do that, but that is because I spotted something that many traders have missed out. RSI Divergence on both the Daily Chart and 1-hourly chart. To top it up, on the Weekly Chart, the GBPAUD is on the Key Resistance Level. As usual, there are a few ways to engage the trade, but I'm waiting for the candlestick pattern to retest 1.8214 for a shorting opportunity, so that it gives me a better Profit Factor.
Short
by RaynLim
AUDUSD - The Devil's TouchSince the analysis is unchanged, I won't be posting on the daily chart; check the link below and see how nicely the candlestick "respected" The Devil's Finger as it reversed on the trendline once touching it. That is the primary engagement method I will execute in my trade plan. On the lower timeframe trading setup, you can wait for a break and close below 0.6673 for a breakout trading setup; you have to be aware there are a few road bumps along the road(bearish move) 0.6637, 0.6583. etc. If you shift stops to entry too early, your trade will close out without profits.
Short
by RaynLim
1
EURUSD-Weekly Market Analysis-Dec22,Wk3EURUSD is on a Bullish Trend. However, I am waiting for a counter-trend trading approach. I've two ways of engaging the trade. The first way is to wait for candlestick confirmation and take the trade based on the Weekly Chart's Key Resistance Level in combination with a Bearish Crab Patterns trading setup, a more aggressive approach is to wait for a break and close below the trendline on the 4-hourly chart to engage the trade. So let me know if you need the analysis on this.
Short
by RaynLim
2
DASHUSDTHello Dear friends We do not have a signal to continue the increasing trend. On the other hand, in the increasing trends, the resistance ranges have been preserved and the orders have not been fully consumed. On the 4-hour time frame, there is a high probability of issuing a negative RSI divergence, and on the 30-minute time frame, a negative divergence has been issued for us. Currently, the possibility of a reaction to the $47 range is high. Keep in mind that if the uptrend is above the red zone ($50.33), the above view will expire. We would be happy to hear your comments.
Short
by FiboTech
LINKUSDTHello Dear friends In the previous rising trend, the range was completely consumed, but HH it was not formed for us. Currently, due to the range and negative divergence of the RSI combined with the harmonic pattern, the probability of breaking the upward trend line is high. Keep in mind that we will be issued a process change confirmation when the orders are fully consumed in the range of $6.92. The condition for continuing the downward trend to the specified range is not to consume orders in the range of $8.228. We would be happy to hear your comments
Short
by FiboTech
6
EURUSDIn the higher time frames, we are in a descending channel, and in the monthly and weekly time, the positive divergence of the RSI has been issued to us. There is a possibility of forming an upward trend in the medium term. As a result, we assume that the price trend will come out of the compression from the upper side, provided that the bottom of the downward channel is maintained. This compression is related to daily time. Until our downtrend line is broken to the upside and a breakout consolidation is issued on the daily time frame, the above view is invalid. We would be happy to hear your comments
Long
by FiboTech
AVAXUSDTHello Dear friends We have bullish signals on higher time frames; Like the possibility of completing the bearish wedge pattern at the end of the downtrend, provided that the price range of $11.18 is maintained But on the 30-minute time frame, we have a tight movement that can be from both the top and the bottom, and the probability of its exit is high. Provided that the range of $15.93 is maintained, there is a high possibility of forming a downward trend in lower time frames, similar to the drawn scenario. We would be happy to hear your comments
Short
by FiboTech
Bitcoin's Ultimate Reversal is about to ensue.For the first time in years, we have witnessed a diversion in Bitcoin's RSI, which could possibly mean a huge reversal in BTC's price. Here is my point of view about this: This is the RSI Multi-Length, which is a type of RSI that varies its length. For simplicity's sake. I’ll be referring those as just RSIs, because they behave as an RSI, just a bit different. As you can see, Bitcoin's RSI is currently diverging, which possibly means a huge reversal is about to happen. The last time this has ever happened on a downtrend was in late 2018 - early 2019: Bitcoin's price skyrocketed after this divergence, which likely means it’s happening again. Now onto the candlesticks: As you can see, the trend is currently weakening, and that’s why it caused the 3 months of ranging market. When it broke downwards, it hit a new lower low, but this time even weaker than before. You can even see the volume weakening over time. Because of the RSI Divergence, Bitcoin has so much potential to explode and pump to the moon. You can even see that at the end of the 2018 crash, there was a lot of ranging. In conclusion, we might see a reversal in BTC's trend, and finally prove that Bitcoin is not going to zero. As a final side note: Even the rainbow chart says Bitcoin is super undervalued. This is not financial advice, and you are free to give your opinion about my research and do your own. Thank you for reading this study. :)
BITSTAMP:BTCUSDLong
by lorinstocksinvesting
1
EURUSD-Weekly Market Analysis-Dec22,Wk1If you missed the trade ideas of EURUSD on Friday, this might give you a 2nd chance to engage in the trade. With that said, do your market analysis and not follow blindly. What's nice about this trading setup, the three primary timeframes I'm looking at has all the bearish trading setup I need. Daily Chart - Bearish Crab setup 4-hourly Chart- Ascending Channel with RSI Divergence on overbought region 1-hourly Chart, Bearish Shark Pattern retest
Short
by RaynLim
2
NEARUSDTHello Dear friends In the daily time frame, the trend has approached an important support zone. At the same time, the butterfly harmonic pattern has also been formed in this time frame. Positive divergence of RSI has also been issued. On the lower time frames, if the downward trend line is broken upwards, the possibility of the price advancing to higher areas is strengthened. As long as the uptrend does not break above the $2.374 range, the harmonic pattern is invalid. You should keep in mind that if the correction trend is below the $1.379 range, our bullish view will expire.
Long
by FiboTech
2