Trade Ideas Position: NZDJPY SharkA confirmed bearish shark pattern setup with arrow confirmation. On both the 1-hourly and 4-hourly chart it is a ranging market, but on the daily, it is a trend trading opportunity.
Rsidivergence
ENJ LOOSING MOMENTUMENJI LOOSING MOMENTUM, DOUBLE TOP WITH BEARISH DIVERGENCE ON THE RSI, INVERTED HAMMER CANDLESTICK
TP: THE TWO GREEN BOXES
Trade Ideas Position: AUDCAD BatA bearish bat setup check-backed for a shorting opportunity. The RSI divergence and the long shadow candle do sweeten the deal.
Trade Ideas Educator: NZDUSD Bearish SharkA slight push higher will activate a bearish shark pattern, having that move may sound good but it also breaks the resistance level on the higher-timeframe, the 4-hourly chart(check out the link at the bottom).
Crude Oil | July contract continues to look bullish
the trend change of crude oil started at 29 Apil, signaled by RSI divergence or RSI failure swing
the second green arrow indicates the second long position, which was the buildup of a to-be breaking double bottom
an ascending trendline was then formed, which is never broken
the price then broke out, half of the profits was taken at the red arrow, by expecting a pullback
the third green arrows indicates the re-entry at the consolidation area
as the last trading day of June contract is approaching, July contract will be a better trade
GBPUSD-Weekly Market Analysis-May20,Wk2A head and shoulders setup for a buying opportunity. As this is not the usual head and shoulders setup that most will expect but the chart is not perfect. There is an RSI Divergence on this setup and if all fail the consolidation area do provide a buying opportunity on this setup.
BTC - ShortBoth daily and 4H time frames are showing:
Reaching up to long term S & R
Bearish divergence
Looks like a high risk reward short entry position. Shown short setup is a possibility of how this could be traded
Head and shoulders Head and shoulders reversal pattern
Price broke the neck line
RSI shows divergence
Wait for pullback then sell
Target: 61.8 fibo level
Good Trade!!!
Trade Ideas Position: EURJPY BatA bullish bat setup and completes as X surely pose a warning sign, if you head up to the 4-hourly and daily chart, at this moment the level is not within any support level.
Advantage of this trade is that it yields a very good RRR and an RSI Divergence.
What's your take on this?
GOLD RSI showing DivergenceThe price of Gold is in an uptrend , what to expect next as the wave will be to the downside. However, the price is expected to fall max to 1600$
EURJPY Long oportunity - Bounce upFX:EURJPY
EURJPY reaching the end of the pattern.
It is now trading next to an important support range showing signs of weakness it will possibly bound on this zone and go long with 4 different level targets to get your profit
- MACD and RSI diverge on the weekly chart
Next week we should see this shorting towards the 116.292 support line and the beginning on the bounce aiming for our first take profit level 118.410
Keep the eyes open for the bounce and enjoy the ride :)
EUR/CHF The Bulls are Ignoring All Technicals.Let's go over the different things that are happening here on EURCHF. The price made a Bearish RSI Divergence in this uptrend on EURCHF. The price indeed retraced slightly after this happened, but the overall uptrend was too strong.
The uptrend continued and made its way to the horizontal resistance area. After the area was hit, the price struggled a little bit but broke through eventually.
Since the bulls managed to win from the bears on all of these occasions despite the technicals against them, I decided to go for a long trade here.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Double Bottom gonna happenIt seems a good double bottom pattern going to form on SOLBTC chart.
Bottoms are exactly on the 0.618 fibo retracement level and we have an obvious RSI divergence on the chart.
neckline is around 10200 and the target is 11200 around 0.5 fib. level.
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Trade Ideas Analysis: GBPJPY WedgeA rising wedge setup as a Trend Trading Opportunity, it is an advance move than I would normally take and that is because it is well resistance at the 4-hourly chart and it is considered as a trend trading setup based on the 4-hourly chart.
Trade Ideas Educator: GBPJPY WedgeA rising wedge has formed with an RSI Divergence got me shorted this pair, on the coming week I'm waiting for the candle to break and close below the lower trendline of the rising wedge, followed by a retracement for me to engage a trade to short it with an added position.
How near is the END? S&P 500Look on the behavior of DMI on the previous crashes, it keeps falling while the index is falling as well and RSI builds up a bullish divergence. It does not necessarily mean that history repeats itself, just pointing this out.
EURJPY Head and ShouldersA head and shoulders setup on EURJPY, not something I will engage the trade, unless a major retracement. It's nice to see the RSI Divergence but once when I do not have a great Reward: Risk, I don't engage.
Trade Ideas Position: GBPAUD ABCDA bearish ABCD pattern setup for a shorting opportunity, on top of the sideways bounce setup that I've mentioned yesterday(linked at the bottom).
Trade Ideas Analysis: GBPAUD SidewaysSideways bounce detected with a checkback on the arrow. This setup is considered as a counter-trend.
USDJPY-Weekly Market Analysis-Mar20,Wk4Head up to the daily chart, and you will see that the market has just retested the previous high.
There are two disturbing trendlines which act as strong support on this pair, especially if you are looking for a shorting opportunity. A break and close below the trendline and engage after the retracement would be a help.
Trade Ideas Educator: AUDUSD GartleyA bearish gartley setup within the sell zone and an ABCD pattern complete within the gartley pattern. In addition to this, an RSI Divergence setup within the completion of this pattern.
I will be setting a sell limit on this trade once the market opens, Entry, Stop and Targets will be sent.
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EURUSD-Weekly Market Analysis-Apr20,Wk1The bearish butterfly pattern setup signals a potential retracement on EURUSD. The candle did go past the HOP level, but right now the Arrow indicator has shown up with an RSI Divergence(red line).
Traders can wait for a break and close below the HOP level(without touching target 1) and retrace back to 1.1132 for a potential shorting opportunity.
