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Rsidivergence

AUDCAD - A Quick BUY Opportunity!- Round number - 2014 yearly low - Fibonacci Extension - ABC equal waves C point - RSI Divergence on 4H - Previously worked support levels - The trendline since Oct. 2018. The touch has to be pretty quick because of the trendline. The ideal area is slightly below the trendline and if the price stays there for a while then this could be a bad sign because then we have a trendline breakthrough which will be an indication that the mid-term uptrend is over. Remember, the price can't stay below the trendline too long but we have to let it fall lower than this because the ideal entry point is around the round number 0.94000! "Your primary goal has to be to learn how to think like a consistently successful trader. Remember, the best traders think in a number of unique ways. They have acquired a mental structure that allows them to trade without fear and, at the same time, keeps them from becoming reckless and committing fear-based errors." – Mark Douglas Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice week, Cheers! *This information is not a recommendation to buy or sell, it is used for educational purposes only!
Long
by VaidoVeek
Trade Ideas Analysis: EURJPY Triple Bottom2 ways of reading this trade setup, trend traders will read it as the bearish flag and counter-trend traders as triple bottom with RSI Divergence. As a born counter-trend trader, I'm more into with the latter. I have already engaged the trade and see how this play out. Great Reward: Risk and not all my decision is just based on that, for this trade there is no recent support level to allow me to have my sell targets to, hence, I will stick with my triple bottom.
Long
by RaynLim
AUDUSD Down to 1.272 Extension, or Double Bottom?At the current moment the Aussie Dollar is presenting us with two conflicting scenarios. Bearish Scenario: After reversing off of the .382 Fib retracement, price may continue downward breaking the .6985 level of support. If this bearish trend continues, I expect price to find support near the 1.272 extension of the bearish impulse leg--a level with strong confluence with Jan 1, 2019 historical structure. Bullish Scenario: After reversing off of the .382 Fib retracement, price has found support at the .6985 level. With clear RSI Divergence, this level of support can hold and a double bottom may be formed. In this case, I will target the .382 retracement once again, with a secondary target at the .5 retracement.
by AidanMDang
DOLLAR INDEX (DXY) LIKELY To Make A Push To Test 100.00 Level The black lines on the weekly chart represents the concrete support and resistance levels drawn from the Monthly charts. Currently the price is at 97.00 mark and should this weekly candle or the next close convincingly above the 97.00 mark we are likely to see DXY push to the next resistance level that is located at around 100.00 level. Although there is a bearish RSI divergence signal, fundamentally it seems the DXY will make a push to the upside to test 100.00 level keeping in mind that the channel should remain intact for this to happen. So what does this for the other major USD related pairs? take a look at the EURUSD for example, the pair would likely fall to 1.09000 level in the coming months on the back of slowing eurozone economy. Adding to that the NZDUSD AND AUDUSD are likely to fall too. USDJPY and USDCHF the safehaven pairs will rise too as the technical indicates. So in short, the USD still has some breath left to make a rally upnorth to 100.00 level and after that we could see a pause or a move down. This just represents my outlook on this pair and its not a trade signal. cheers
TVC:DXYLong
by FX618Analysis
YELLOW METAL FORMING BEARISH RSI DIVERGENCE 4HR CHARTS!Have a look at the related links for indepth analysis for XAUUSD pair. the pair seems to be headed towards the ascending weekly trendline which lies at around 1270.00 level. Tonight's FOMC meeting results will probably decide the fate of this pair and we will wait to see if the H&S pattern will be completed or not. i am already SHORT on GOLD will my TP target lying at 1267.00 level. have a look at the related links for trade entries details. cheers
OANDA:XAUUSDShort
by FX618Analysis
EURNZD Bulls Taking Charge!Analysis -EURNZD looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers brought it back up above support before the daily candle close. -The price action resulted in a pinbar setup AT SUPPORT which is a bullish sign. -On the 1H time frame, price just broke a bearish trendline to the upside. -There is also bullish RSI divergence on the 1H time frame which further eludes to price possibly moving higher in the coming days. -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 1.6471 (Enter long after price pulls back, never chase a trade) -Stop Loss: 1.6404 (Set stop below the daily reversal candle) -Take Profit: 1.6605 (Set target at a minimum of 2 times your stop depending on entry) = 2R *Trade Safe and at your own discretion!*
Long
by Mankz
USD/CAD - Possible LONG entry for a bounce or bullish breakout.Looking for a bounce at this very heavy support, also a bullish divergence on 4H. 1st target will be a little bit after CAM R4. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA. DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA. Good luck to everyone!
Long
by pjgonzales