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Rsidivergence

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
USDCAD - Head and ShouldersA head and shoulders formation coupled with RSI Divergence give a strong call for me to engage another shorting trade. A long shadow candle would help me to make that tough decision. On top of that, I still have my existing shorting trade on bearish shark and bearish crab harmonic patterns engaged. Shark Pattern and Crab Pattern are the harmonic patterns that potentially drives lots of profit and at this moment it is at a risk-free zone(I'd shifted my stops to entry). Which means every pip the market move towards my target(down) I earn double and if the market move against me i lose single.
Short
by RaynLim
BTCUSD - RSI showing bearish divergence?Hi everyone, Today I decided to go for a TA on BTCUSD mainly because of all the hype lately of BTC hitting 13K and going past that. Here are the highlights: - So far BTC has been bullish since the COVID-19 crash halfway of march 2020. (Blue ascending channel). (bullish sign) - BTC got a nice boost of the support area around 10K-10.5K which made the jump to 13K possible (bullish sign) - RSI indicates BTC has been overbought three times even though the chart/trend remained bullish. (bearish sign) - The RSI also indicates that de the tops are at the same height en even slightly declining while the chart/trend remains going up. Indicating a reversal trend (bearish sign). - The yellow dotted line shows a curve in which the trend slowing down pointing downards as well (bearish sign) - As our current position is now between 13K and 14K we could be getting heavy resistance because of the earlier resistance from halfway june 2019 (bearish sign) For now I'm betting my chances that BTC could drop down to 12K-10K, because of the hidden bearish signs. After that somewhere in Q1 2021 a new strong bullish trend continues. For know I stay neutral until future trends confirm otherwise. Trade safe, stay safe! ______________________________________________________________________________________________________ I'm purely a beginner in technical analysis. Let me know what you thinnk about my analysis and hit like or a follow if you like my ideas. Feel free to comment or share your own analysis, I would gladly share thoughts with you. Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
BITSTAMP:BTCUSD
by AlgoSurfer
Strong BTC support line + Bullish RSI divergence =BULLISH RUNHI TRADERS! This BTC support Area is strong so far and when RSI help it, gonna be good sign. A strong support {9800-10000) kept btc above support area and couple times Bitcoin touched it,as price action aspect we can say many buy orders triggered in this area which push btc up 200-300$ anytime therefore it is important support because of technical and Psychology matter for traders .(above 10k psychologically matters a lot in bitcoin market as many of you know} At bottoms you can see RSI bullish divergence occur in 4H and Daily time frame , similar happen for MACD as well which confirms Rsi bullish divergence and give BTC a higher chance for Bull run. (MACD & RSI bullish divergence) If BTC stay above 9800 in next couple hours it will be another good News for Bulls. Please share your idea and leave a LIKE . I'd really appreciate it. Good Luck and Good Profit.
Long
by miladniki
13