NZD USD - Daily ChartEarly to say but looks like the pair is within Double Bottom Formation. In addition we can also witness Bullish RSI Divergence at support levels. Will have to wait though for further confirmation
Rsidivergence
NZDUSD - Daily - Beginning of a profitable uptrend?Important test for the NZDUSD. After the first touch and rejection of the support (last minimum of 2015) , price is approaching it again. A further rejection may lead to the beginning of a profitable uptrend.
Analyzing the RSI, breakout @32 level when the rejection occurred, and now it is retesting this level. A further rejection upwards may be the first signal of inversion of the trend. Besides on the 4H TF there's a divergence: lower low for price - high low on RSI.
Entry @0.6276
TP @0.6433
SL @0.6243
R/R 4.9
USDJPY RSI Divergence! Trend may changeAlthough the USD/JPY ratio is increasing last couple days. RSI is not supporting this increase. It seems that RSI is weakining day by day. This might take the ratio down a little bit. Target would be around 107,2 a new rally may start after this reaction.
Trade Ideas Educator: NZDUSD SharkBearish Shark setup at the extreme, I've already shorted the market is because of 3 reasons.
1) RSI Divergence on this setup
2) My Harmonic Pattern Assistance Software spotted this and deem this as valid.
3) Sell Arrow in my system showed up
4) A Pin Bar/ Long shadow candle shows up with a bearish engulfing candle
5) A perfect Rewards: Risk even when the market only touches 1st Target.
Trade Ideas Educator : AUDCAD SharkA bearish shark setup that I deliberately didn't take the trade because on last Wednesday 4Sep19 there is a Canada Rate decision marked by the red eclipse. Such an event can swing the trade both way and I'm not going to gamble again.
Heard of that phrase, there's always another chance, so here it goes, 2nd chance entry I didn't take again as its Friday and market are about to close. Will wait for either market open, observe the movement before engaging the trade or to wait for the retracement to happen.
INSBTC BULLISH 1 Hourwell breakout is done and looking good to me
15 min Bullish Divergence in RSI
Very good you can buy near 247 if comes i'm also later let's see
And a humble request please book small profit or whatever you get 1-3% it's an request we are not in a good market right now
Trade Ideas Educator: NZDUSD CrabA bullish crab setup as a countertrend trade. I have realised that lots of time the crab pattern do extend towards PEZ at times beyond PEZ before returning to profit area.
If you like to trade this, you have to manage your expectation. But if is done well, it can be profitable.
Trade Ideas Position: AUDUSD SharkA bearish shark setup as a shorting opportunity. The trade is now live with better entry price opportunity and a fantastic Reward:Risk.
Trade is engaged as a countertrend trade with an RSI Divergence within the sell zone.
Trade Ideas Position: GBPAUD BatBearish Bat trading opportunity on this setup. To many harmonic patterns traders, this bearish bat might already be invalid but not for me. The red line act as a Profit Trend Line, if you don't know what is Profit Trend Line then you might have learned this from the wrong source.
It is still valid for a short because it does show a series of lower-high and RSI Divergence in the earlier part.
It is still a countertrend trade, if this doesn't feels right to you, don't enter.
ANKRBTC RSI Bullish divergencei think 36 sats is very good entry for this coin if you want to buy you can buy at 36-37 sat place your bid and let's goto moon together
Bullish Divergence And 50% Gain PotentialETH/USD is looking like a good potential buy right now, especially if price can break out of the falling wedge. The biggest thing i noticed from this chart was that there is a bullish divergence between price action and RSI. This is a great sign and i anticipate price to touch the upper resistance within the next two weeks. This would be about a 50% gain. I think ETH is due for a big spike. I am going to scale in but will be watching closely to make sure price does not break below that long term support line.
*This is not financial advice. I am not responsible for any losses of money.*
Is LINK In A Massive RSI Bullish Divergence?LINK has been in this consolidation zone between $1.97-$2.84 since July 14th. We are actually in a downtrend channel within this zone though. This may not be a totally terrible thing though. If you look closely at the RSI chart at the bottom, you can see we are in an UPTREND channel! This is what we like to call a bullish divergence! Granted we have broken out of this channel a time or two but that sometimes happens when volatile moves are made. In general we have been in an uptrend in RSI and a downtrend in Price since July 14th. I think this a V ERY bullish sign and it confirms that this is a healthy consolidation .
Finally, there is a falling wedge forming that has its own bullish divergence. I expect price to move up from here. I initially thought price would revisit the high $1.80-$1.90 range, but I'm not so sure anymore.
If you follow my ideas you can probably tell I am a LINK permabull. I think this is one of the best projects in the crypto space and I fully believe it will be a top 10 coin. Even if this coin falls to the range stated above, I will still continue to accumulate.
*This is not financial advice. I am not responsible for any losses of money.*
L&T Finance Holding stock analysis for 26 August 2019Reason(s) for Trade:
Stock is trading at support
RSI Positive Divergence
Trade Setup:
Buy if goes above 91.50
Sell if goes below 89.90
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Massive Risk/Reward in $AAL right nowAAL As seen in the attached weekly chart below, AAL has reached a lifetime support level triple bottom. In addition to this, the daily chart is showing some very steep bullish divergence in RSI and in the Klinger Oscillator. I have had much success playing these particular types of RSI divergences, ones where there is a steep drop into oversold conditions, a slight bounce, followed by a drop below the prior low. If this price action occurs along with a steep RSI divergence print, I have found a high likelihood of a move upward to follow. However, being right at this critical support level adds the most important aspect; risk/reward. Stop loss set at 24.98 allows for less than 2% loss before being able to cut the position and move on elsewhere. With possible gains at a minimum of 15%, the reward outweighs the risk by a ratio of 9:1. Not bad odds to me. If playing short term, I like Sept. 6th C28 options, currently available for no more than .13 per contract. If a longer term buyer, this would be a great spot to initiate a position with stop losses set at 24.98. Happy hunting and GLTA!!
Trade Ideas Educator: GBPAUD BatA bearish bat as a countertrend trade within the double sell zone with an RSI Divergence made it even better.
This reminds me of the good old day where both my AUDUSD and NZDUSD have RSI Divergence, AUDUSD within the sell zone but NZDUSD broke the sell zone.
At that moment I have gotten myself mentally prepared that 1 will hit profit and another most likely a losses. But guess I was wrong and I'm happy that I am both hit profits.
Let's see how this baby roll out.
Trade Ideas Educator: AUDCAD CrabA bullish deep crab setup within the buy zone, the latest candle that you have seen on my LIVE data did not close below the low of the low price that touches Point D, hence it is still considered to be a long at the buy zone.
With the above definition, the market still is a trend trading opportunity. Yes, you hear me right, trend trading.
Trade Ideas Position: EURJPY ButterflyA bullish butterfly acts out as a countertrend trading opportunity and it's with RSI Divergence. Trade has already been engaged, this is on an interesting observation.
Let's see how this trade rolls out on Monday.
Trade Ideas Position: GBPAUD BatA bearish bat pattern shows up in GBPAUD 4-hourly chart. It is a type 2 retest of the bat pattern with RSI Divergence, not to mention it trial near to the previous sell zone.
Great consideration for countertrend trade especially for traders who had missed the previous entry opportunity.
Trade Ideas Educator: USDCAD H&SA Head and Shoulders formation forms up and traded lower within the support and resistance area. If the market retraces back into the sell zone, which in this case the right shoulder it will produce a great selling opportunity.
This will all be valid if the market didn't reach 1.3255 before having the retracement back to the sell zone.
If all fails we still have the classic support and resistance trade.
Trade Ideas Educator: EURJPY CrabClassic support and resistance trade with RSI Divergence, great consideration for buying opportunity. A bullish crab setup if the market broke the support line, both setup acts as a counter-trend trading opportunity.
What're your thoughts on this?
Trade Ideas Educator - AUDCAD SharkA bearish shark forms on the 1-hourly chart(left) with parallel uptrend channel indeed is not the happiest market movement when you are in the trade. What's great about this is it accompany with RSI Divergence which says otherwise on the market movement.
Right now, if you have not engaged the trade you can wait for the retracement back into the sell zone on the 1-hourly chart to find your 2nd entry opportunity, that being said you have to be in before 5-0 pattern is formed. Most importantly, you should have followed my post closely so you won't miss this fantastic trading opportunity ever again.
On the 4-hourly chart(right) a further uptrend extension the market may meet the bearish bat setup, another trend trading opportunity.
USDJPY-Weekly Market Analysis-Aug19,Wk4On the 4-hourly timeframe(right), have you spotted the RSI Divergence that gave a great counter-trend trading opportunity if you have missed that then is back to the support and resistance trading setup on the 1-hourly chart(left).
Classic setup but it is still the most effection setup. For trend traders who are looking for shorting opportunity, do note the big bullish engulfing candle on both 4-hourly and 1-hourly chart.
If you have noticed, it is the same candle, which means during the bullish movement, the market holds the price for 4-hours. This is a piece of information you shouldn't ignore. I will be more interested in long position than short position.
Do note that the bullish bat on the daily chart still stands, refer to my previous post as mentioned. The 1 thing I love about this bullish bat is it coincides with AB=CD pattern at a close enough entry price. Traders who have missed it can certainly wait for a retest.
GBPUSD-Weekly Market Analysis-Aug19,Wk4On the 4-hourly chart(right), the market has retraced back into the sell zone for a trend trading opportunity.
On the 1-hourly chart(left), just right before the market head to the sell zone the bullish flag patterned was identified as a counter-trend trading opportunity and I had shared on the previous post, is a pity if you have missed the trading idea.
I've already engaged this trade as the bearish bat form and triggered the opportunity to trade.
No double when the prices went higher after the trade was triggered definitely not my liking, but if you have spotted the RSI Divergence or you know the profitability rate of the bat pattern, it will be a peace of mind.
