covenantson

covenantson

Recently, i began to sight the appearance of divergence trading opportunities on chart. Although i didnt spot them early enough, hence, i missed my entries, but a quick review of their possibilities and complementary roles in taking trades cannot be underestimated. Here is CADJPY 4H trade i shared few days back with divergence opportunity in my weekend reviews....

covenantson

Divergence is used mostly in complementary roles to trade opportunities. A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend (investopedia,...

covenantson

In recent time, i see myself once again trading altcoins This one just resumed it uptrend structure after a recent BOS of the downtrend. If it continues into profit, hope to achieve a 7% growth

covenantson

A recent BOS of the downtrend gave an opportunity for a continuation of the uptrend. Let's see this fly to the moon

covenantson

IF you follow my last trade idea on USDCAD, you can see clearly that this pair is trying to break the resistance of this downtrend. A break and retest of this line on H4 can open opportunities for retail buyers. Note: this is not financial advice, all trade ideas shared for my personal education. Trade safe

covenantson

GOing SOftly

covenantson Updated 

Not a financial advice Just a man putting something out of his emptiness. Trade Safe

covenantson

Another opportunity

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Is UsdCad about to break the trendline and move upward or go downward more

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Hoping to have a nice ride from here. Not financial advice though. Trade safe

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Let see this break the black line

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22pips run, hoping to get another nice entry into this

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Let's ride thiz up a bit more

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Let's see if the market can drop this 11R into our laps

covenantson

After days of Retracement from bullish momentum, CADJPY seems ready for an upward move. Safe trading

covenantson

A bullish rejection in the area should be a spring board for buying opportunities. safe trading