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Rsidivergence

DXY 4HR RSI DIVERGENCE/HARMONIC BFLY + A WEEKLY DIVERGENCE TOO Two tide combine. As per my previous graph, we see a clear bullish weekly RSI divergence. The 4hr chart implies similar, but is also accommodated by a near perfect harmonic butterfly formation. Safe profit range would be around 91.1/91.2 as the harmonic butterfly suggests, however with a weekly divergence within a long running falling wedge the dollar might see highs of up to 96 before continuing to fall down This might open doors to a new and final PM low.
TVC:DXYLong
by SkyTrees
USDJPY-Weekly Market Analysis-Dec20,Wk2USDJPY has moved from symmetrical triangle(link at bottom) to sideway bounce setup. The two ends of it, resistance level at 104.69 and support level at 103.72 will be the area of my interest to engage trading opportunity within the box. The major restrain comes in at 104.20 which happen to be the midpoint of the 2 levels. The RSI overbought(shorting opportunity) and oversold(buying opportunity) will be an important filter for the trading opportunity.
by RaynLim
2
NZDUSD Short OpportunityHello traders ! Today we are going to analyse NZDUSD pair. As you can see in a chart,our overall bias are BEARISH but what can you see on 4H timeframe ? We can see nice "Rising Wedge" pattern and also the Elliot Wave Theory. Price has already made its 5th wave and now we should expect ABC correction. I expect this correction reach our support level which is still not retested. This level also nicely fits with a 0.618 fibonacci level (also called the "golden ratio") and with 200 SMA. We can also see a divergence on RSI (10) which also indicates sell possibility. After this I expect long move to our -0.272 fibonacci extension level but I will analyse this move later. Thank y’all for reading this and good luck !
Short
by JanKoristka
USDJPY - RSI DivergenceUSDJPY has a Bearish RSI Divergence when it is forming it's ascending triangle. We have headed in for a shorting opportunity instead of a buying opportunity as President Donald Trump said there won't be a smooth handover. On trade management, we will observe closely if the 1-hourly candle can break and close below the trendline, failure to do so, we might exit the trade in advance. Based on the daily chart, it is a trend trading trade but on the 1-hourly chart, it is considered as a counter-trend trade.
Short
by RaynLim
GBPAUD - Will Price Break Above the Local Structure LevelTrading Confluences Price is at 4-Hour Support Level Price Broke Below the Local Structure Level But The Downtrend failed to Continue and Right Now Price Immediately and Strongly Pushing Back to Local Structure Level and If Price Break Above the Local Structure Level, It is a clear Indication That Telling the Ongoing Downtrend In Invalidated. Mojor Downtrend Line is Also Broken. RSI Shows Clear Divergence Trade Forecast We will consider going long if price break and retest the local structure level successfully. We will target the market target area for take-profit but if we face difficulties to achieve 2R from that level we will target the next structure level for take-profit. Head Over to Trade Revenue Pro to Learn How to Trade Forex Profitable Way.
Long
by RevenueTrader
AUDNZD - Head and Shoulders Pattern at Structure LevelTrading Confluence Price is at 4-Hours Structure Level Head and Shoulders Pattern indicate lack of buying pressure Minor Trendline is broken RSI Divergence Trade Forecast We will consider going short if price break below the local structure level (Blue zone) and looking to enter the trade on a retest of the local structure level targeting 1.06528 level. Head Over to Trade Revenue Pro to Learn How to Trade Forex Profitable Way.
Short
by RevenueTrader
3