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Rsidivergence

Gold Chart is like Pattern Lesson. 6-7 patterns in one graphWhen we look at XAUUSD 15 min chart, we can see 7 different pattern/formations. From beginning in purple; we can see double bottom and than jump up. Right after that in red; descending triangle forms and than decrease in price. After one and a half day, bear flag forms in yellow. When the bear flag completed, pink cup formation happens and price jumps to highest for the day. By the time cup formation, RSI shows some tired moves. When the price increases RSI keeps descending and indicates bearish moves. After two bullish formations, we can see the bearish flag in green. At the formation of bearish flag we can also spot the fake breakout in blue.
OANDA:XAUUSD
by Emrut
Trade Ideas Educator: GBPJPY GartleyA deep Gartley or I will say trading at X, having the best Reward: Risk for this setup and the beauty of it, an arrow from my Harmonic Pattern Assistance (HPA) software has the shorting arrow showed up. What's more important are the RSI Divergence as well as a great reward:risk for this trade setup. A pretty bold move to engage for a short trade since the GBP appreciation was quite strong, but a 1st target is all I need, furthermore shorting is still consider a trend trading setup.
Short
by RaynLim