For all of my fellow swing traders. EUR/JPY has a bearish divergence on the monthly time frame with a lower high in price and a higher high on RSI. It also has a bearish divergence on the weekly time frame and the daily time frame. I'm not sure the exact time it will reverse but the next few weeks I would be looking for huge bearish reversal patterns for this...
There is a divergence on the hourly chart on Bitcoin! The price is showing a higher low and the RSI is showing a lower low. THAT MEANS A BIG PUSH UP!
Bitcoin is at support and the RSI is right above 30 on the daily time frame. Things are looking good guys!
GBP/USD is at the .886 retracement from the high to low, and is at the fibonacci extension of 1.272 of the last recent low to high. Also the structure we are in is looking bearish considering it is going up but the channel is looking weak. What do you guys think? Let me know thank you
Hey everyone! Tesla stock has a bullish flag pattern on the daily! Right now it is at the bottom of the flag at around $800. Price should eventually break to the upside at the top of the pattern. As long as this pattern goes through this should be an easy play! If it breaks through the bottom for some reason after too much consolidation we may see it go down to...
EUR/USD is in a wedge, and inside the wedge is in consolidation and broke out to the down side. As long as price breaks through the bottom of the wedge then this trade is valid.
AUD/USD is breaking out above the resistance area, I would watch this for a while before entering. Probably wait for a pullback to enter long.
USD/JPY just broke through the bottom of the support line, I would recommend waiting for retest to look for an entry.
Price on the weekly chart is overall in a downtrend making lower highs and lower lows and where price at right now is expected to be a lower high. There is a divergence as well, lower high higher high which are my favorites because RSI is in our favor compared to the hidden divergences. It's at the top of the bollinger band and made a doji for last weeks candle...
If anyone likes to trade off of the 200 sma this is a good trade to take, this is the first time price has closed below the 200 sma for a long time. We can watch the upcoming week and see if price retests and bounces down, or if price retests and shoots up through it for a bull run. Either way this is definitely something I will be watching heavily this upcoming...
The AUD/CAD just hit an area where in the past every single time price has completely reversed. I don't think I'll be looking for any long term buy trades because overall it looks like it might break through the bottom at some point which would be a great trade in itself but I think it still has some juice left and is going to rally up again for some quick pips....
Short & Sweet This pattern is in the early stages but from what I can see price could be forming a potential bull flag. Buying at the recent lows in the flag would be optimal and holding from there should be a great long position. Trade it however you prefer trading flag patterns.
Bitcoin on the hourly chart has a bullish divergence right now with a double bottom where to buy. Higher low in price - lower low on the RSI. Buy : 9,070 SL : 8,920 TP : 9,450 or hodl
USD/CAD made a reversal on Friday during the news. The entry already happened but you can still trade down with the new trend and jump in during retracements. Analysis -Hit 1.618% fib retracement of previous structure lows and highs -Hit the top of the channel -Created a doji on the daily chart -Also were some divergences on the hour chart showing selling...