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Rsidivergence

AUDCAD - Bearish Shark checkbackA Bearish Shark retest on the AUDCAD gave me an opportunity to reverse my trade. You see, I was in a Bullish Trade(you can check out the related ideas titled AUDCAD - Bullish Bat at the bottom of the @TradingView post) The market seems not able to close beyond Point D of the Bearish Shark Pattern on the 1hourly- chart for an extended period of time. I've been receiving comments and DMs if AUDCAD appreciates because of Gold and Oil. Well, it is not, the AUDCAD appreciated because I've longed it! ;P Well, jokes aside, over the years, the correlation between the currency pairs has been weakened. If you are still treating AUD like the Gold movement, you are trading like 10years ago. I've learned that during chaotic market conditions, it is best to trade via technical analysis. If I'm wrong about this trade, I get stopped out, and I will wait for the next trading opportunity. It's that simple. Check out the link at the bottom for our upcoming event or invitation to our community.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Mar22,Wk4EURUSD is on a Bearish Trend, and if you are on plan to long EURUSD like I did, you are in a counter-trend trade. If you have a long EURUSD base on the Bullish Shark setup(link at the bottom), the target2 based on the textbook case has fulfilled its final target level, not for me. I'm waiting for one of the two different trading opportunities to have an additional trading idea to engage on the counter-trend move. Opportunity 1.) A Double Bottom setup that touches 1.1019 but does not close below 1.1001 OR 2.) A Bullish Deep Gartley Pattern(depends on where Point C reverse) completes within the Buy Zone. So, what are your trade plan for this?
Long
by RaynLim
Ford Stock: Bullish Divergence (Price vs. RSI and MACD)Ford's chart is showing bullish divergence as the stock price decreased but the RSI and MACD have increased. This suggests that the stock may have bottomed out and is poised for a rebound. Ford has a positive growth catalyst with its electric vehicle line-up: F-150 Lightning, Mustang Mach E, and E-Transit van. The company also produces hybrids. The EVs and hybrids can stimulate growth for Ford during this time of high gas prices. You can google the title: "Ford - The Future is Looking Brighter with EVs" to read more.
NYSE:FLong
by Zman1175
3
ALGO/BTC (Algorand) Chart Showing Promise on a Logarithmic ScaleBINANCE:ALGOBTC has found support on the 0.5 Fib line and a rising trend line on the logarithmic scale. In this chart, I argue why these two signals are not strong enough and conclude that we should wait longer for a trade setup to emerge. You can follow this chart here . I hope you learn something from this video and if you like it, then please leave a like. If you have questions, then please leave a comment. Thank you.
by TechNerdOmar
1
One divergence indicator to rule them allGreetings Traders, We are continuing with our (mini) series in which we break down the (seemingly endless) features of The Divergent indicator. Today we are going to discuss the various oscillators The Divergent supports detecting divergences on. In contrast to other divergence indicators on TradingView, The Divergent comes with oscillators built-in. This means you won't have to add it on top of other indicators on your chart; it is completely standalone. Why is that a good thing? It is because The Divergent respects your indicator quota - it will only use up a single slot on your chart. The Divergent ships with the following oscillators: MACD (Moving Average Convergence Divergence) RSI (Relative Strength Index) CMF (Chaikin Money Flow) Stochastic RSI MFI (Money Flow Index) TCI (Trading Channel Index, aka. WaveTrend) Balance of Power CCI (Commodity Channel Index) Awesome Oscillator Each oscillator is fully customisable, allowing you to tweak them the way you desire. To choose another oscillator, simply open The Divergent 's settings panel, and select a different one from the list. A further benefit of having the oscillators built into the indicator, is that it opens up the possibility to apply various filters to the detected divergences. For example, if you have the RSI selected, you can configure The Divergent to only signal those RSI divergences, that manifest under the oversold or above the overbought areas. These filters will be introduced in detail in future articles. To learn more about The Divergent , please see the related ideas linked at the bottom. If you liked this post, please don't forget to give it a thumbs up! If you have any questions, please feel free to ask in the comments section below. Thank you for your attention!
Education
by WhiteboxSoftware
1
EURJPY - 5-0PatternA Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should engage the 2nd and 3rd times as long as formed up in those areas. But if you did short this, you would have gained a total of 848pips. 5-0 Pattern is much easier as it has only 1 entry zone and 1 profit level. You only need to wait for candle confirmation to trade back up to the profit level. I will be waiting for a double bottom setup with RSI Divergence on a lower timeframe to take advantage of the setup.
Long
by RaynLim
BTC CAN CONTINUE TO FALL -SUPPORT 34K-35K Hello my friends, today I want to talk with you about BTC price break local support line and make a pullback then it and that what we need I think we will see a downward movement with target around 35-34k So be ready fort his scenarios. This is an article, not financial advice, always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you.
Short
by ZAKNOGO
3
GBPUSD strong and major supports ahead don't miss it Hello my friends, today I want to talk with you about GBPUSD Now price is near major supports once again and we can expect at least local pump to the targets and resistances that are mentioned on the chart. <> So be ready for such scenario. This is an article, not financial advice, always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you
Long
by ZAKNOGO
Ethereum - signs of bull Market worth a shot if used stop loss correctly .............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Long
by SharadMathur
CADJPY Daily Pitchfork ShortFOREXCOM:CADJPY I marked the pitchfork from the pivots on the weekly chart from June, September, and October. Confirmed with the Daily RSI and the Daily chart. It's very slight but there appears to be a bearish divergence on the RSI. I've only started dabbling in RSI divergences so I wouldn't consider this a confirmation, but it's worth noting. After looking at the 30M chart I am confident entering a short position. The Daily RSI is not what I like to see so my stop loss will be tight, probably only risk 0.5-1% with the TP at the median line.
Short
by UnknownUnicorn2349278
EURUSD - Bullish Bat PatternA Bullish Bat Pattern is spotted on the EURUSD, this is a sideway market movement. At this moment, I'm waiting for a retest at 1.1164 for a buying opportunity. If you are interested in this trade, you have to be aware that this trade could take from 3days to 2weeks to complete, there is a weekend risk influenced by the War between Russia and Ukraine(although it still has not shown up in the FX Market) To avoid weekend risk, you can decide to engage the trade after Market Open on Monday(GMT+8)
Long
by RaynLim
9
XAUUSD - Bearish Reversal to AT LEAST $1878.00 (21/02/2022)OANDA:XAUUSD Hi I can sense a bearish reversal for XAUUSD. I have used smart money concepts (SMC) as well as retail trading logic into this trade. LOOK AT THE CHART FOR THE AMOUNT OF CONFLUENCES I HAVE FOR THIS REVERSAL. There are so many confluences in this trade that I cant be bothered to list them all here, so study my chart and learn. Have a good trading week! More analysis to come :) RISK DISCLAIMER: DO NOT TRADE THIS! I AM NOT A FINANCIAL ADVISER. THIS TRADE COULD POSSIBLY FAIL. YOU HAVE BEEN WARNED.
OANDA:XAUUSDShort
by edier654