Bullish-divergence
bullish divergence in USDJPY H1 long to 110.500 0.23 fib retracebullish divergence in USDJPY H1 long to 110.500 0.23 fib retrace
USDCAD Buy SignalUSDCAD Buy Signal
I wanted to see 1.3025 broken and retraced back to above 1.3025 to create a False Break.
This together with a bullish divergence is a nice buy setup.
Aim 1.32 - 1.34 and maybe even 1.38
SL 1.2950
EURUSD bullish divergence on 30min chart LONGEURUSD bullish divergence on 30min chart LONG
break of downtrend line at around 1.12 will open further upside momentum, could target 1.1320 highs
EURUSD Brussels Attack Caution - H4 bullish divergence RSIEURUSD Brussels Attack Caution
Just a short technical assessment:
I see maximum downside risk for the EURUSD-0.31% at around 1.1150, which is 0.38 fib support, upper ichimoku cloud and bottom of march uptrend channel despite a strong H4 bullish divergence in the RSI
On the upper end we could see a move to go through 1.13 levels and finally knock out 1.14.
Be cautious! This is a grandchess day. Whenever this happens, the major players on this planet make their moves!
Don't trust the media!
Cheers,
SinatraFX
LONG EURUSD Okay so bait late with the post, but you can still get in if the risk to reward is favourable / if we resets the 1.0928 level.
TP1 at 1.1129
TP2 at 1.1152
SP at 1.1066
USD/CAD 4 hour Bullish DivergenceThere is some RSI divergence on the 4 hour chart. USD/CAD might start to get out of its bearish rotation in the coming days. You can see on the 4 hour chart, the RSI is starting to build momentum to the upside. On the Daily the RSI is starting to pull away from oversold and is starting to build in strength. We just need to see price catch up. I'm looking at the Drop-Base-Rally zone with the .886 Fib confluence as a possible reversal zone. (1.3040-1.3060.) I wanna see a Hammer formation on the Daily, tweezer-bottoms on the 4 hour, or a double bottom form. This is definitely going to be a longer time frame trade. Also keep an eye on Oil this week, if it continues to squeeze there is still plenty of room to the down side. Good luck trading out there.
Why I am long usdJpyI am long UsdJpy - at 1.1190, since yesterday - I will explain why
It is clear now on the daily chart that the previous lows have been rejected
We see large volume on the initial lows and less volume on another push down towards these lows
This indicates that the market is exhausted bearish, and will turn bullish
We see that in the oscilator indicators - there is bullish divergence
My SL is below previous lows and my first TP is at 38.2% fibonacci retracement of move down
this level has not been reached yet - but - in my opinion - will be broken
There should be some retracement off 38.2% daily fib (maybe back to 23.6%)
I will take out half of my profit at 38.2%, and let the rest ride to 61.8% fib retracement
which is a natural retracement and TP target
EURUSD bullish divergence in H1 - LONG entry for a retracement?EURUSD bullish divergence in H1 - LONG entry for a retracement?
Bull Divergence COPBullish Divergence seen on MACD, RSI, and Stock RSI, indicate that this recent fall of COP stock is soon nearing. There is not clear divergence on the weekly chart, only the daily. So I am not expecting this rally to be a complete trend reversal, however, there is ample room to go up a bit to correct for this recent sell off.
Can the bullish divergence in AUDUSD H1 help break above 0.715?Can the bullish divergence in AUDUSD H1 help break above 0.715 levels, to take out 0.725 and
ultimately reach up towards 0.730 to 0.745 levels?
A further decline in DIY towards 97.0 could ignite the move.
USDCAD -BUY IdeaPrice could fall to the nearest support before a reversal can be seen. With the technical weakness in the $Index we could see some bearish movement. On the daily charts, Price is entering the buy fib zones. We would wait for proper Candle stick info before entering.
USDZAR. - Another Look at a long position Price has found some support and is currently ranging. There is bullish divergence on the hourly, 4 hourly and daily chart which could help our long position. On the fundemental side, today President JZ speaks which might also give flight to our buy. Based on past instances, JZ always made the rand weaker when he spoke.
Long on USDCAD We have bullish divergence on the hourly and price has found support. As we know price is fractal so we could see a repeat of movement in price as it happened the last time it was in this support area. We also see a decline in Crude which will help this long position. Canadian Dollar is effected by the movement of crude. On the Crude chart we see bearish divergence and price is hitting resistance. A fall in crude price could help our long position on the USDCAD.
EURJPY - Buy based on Bullish DivergencePrice is finding support at 125.765 and we have bullish divergence. price is also in the over sold region. We have a pending order as I expect price to retrace a bit before moving up.
GBPJPY Buy based on Bullish DivergencePrice is in the over sold region on the 4 hourly and daiy chart. Place a pending buy at 161.686 as i am expecting price to retrace before going up. Stop loss is at nearest support which is 159.988 and take profit is 164.07.
EUR USD Buy based on Bullish Divergence + 4 hour supportThe EURUSD has found some support on the 4 hour chart. There is also bullish divergence which could push this pair up to next 4 hour resistance and support levels.
USDZAR - Bullish DivergencePrice is currently finding support on the daily and four hour charts. The last candle closed with bullish intentions.We also have have bullish divergence and proce is over sold. All this indicates that price will be move up. It could reach next resistance point and if it breaks that we could see it move higher.
GBPUSD Buy Setup!! Divergence Trade!!GBPUSD after a long decline is giving a Buy setup on hourly and 4 hour chart. I am going to use Divergence trading strategy to enter the trade at 50 to 61.8% Fib Retracement as shown on the chart. The Divergence trade has qualified since it has made a new high.. There are several trendline hurdles in between but I expect it go higher atleast till 1.4450 level.s One can go long at retracement or breakout.
If you have any questions about the trade then let me know. Any comments or like are appreciated.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
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Will WTI Crude rebound or correct?WTI Crude may bounce off the rough level of 28 either reversing direction or pulling back as as deeper correction due a loss in momentum to the downside evinced by Stochastic bullish divergence .
General Electric Buy [Go Long] Just take a look at the chart, we are in a good position to go Long on NYSE:GE General electric, if you look out for valid reasons - Below are few :
1) In 4hr chart, we have Double Bottom & RSI Bullish Divergence
2) In Hourly chart, its a Triple Bottom with RSI moving upwards
3) Check the Support area marked in Green, its along previous Resistance formed in 4hr
We have attractive Risk:Reward also to go Long in GE.
If you agree or have suggestions on above idea Like/Share & Leave your comments..
SHORTTERM BTCUSD LONGWe have TWO possible LONG positions on the BITSTAMP:BTCUSD
1. If price touches the blue area, check if there is divergence on either MACD or stoch . If step 1 is fulfilled , continue.
2. If step is 1 fulfilled, we want to see either a double- bottom / top or w/m pattern forming on M15 or M1 . Will demonstrate those patterns when the time comes. If step 2 is fulfilled , continue.
3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade . If step 3 is fulfilled , continue.
4. LONG when PRICE makes higher high . If it doesn't and instead makes lower low , abort this potential LONG and look for the next blue area.
A range bound EUR/USD may rise back to its top Sitting in a range EUR/USD may rally back to the top of the range. If not, it may retest the level halfway and continue downward. Signs of bullish anticipation are shown by price finding support at the bottom of the range, a near resembling low test bar - but really a bullish reversal bar , and Stochastic and RSI bullish divergence .
entry - above high of reversal bar
stop loss - below low of reversal bar
target - at around 1.1100 or 1.1450
