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Divergencebullish

📊 Divergence Cheat SheetDivergences, whether bullish or bearish in nature, have been classified according to their levels of strength. The strongest divergences are Class A divergences; exhibiting less strength are Class B divergences; and the weakest divergences are Class C. The best trading opportunities are indicated by Class A divergences, while Class B and C divergences represent choppy market action and should generally be ignored. 🔷 Class A bearish divergences occur when prices rise to a new high but the oscillator can only muster a high that is lower than exhibited on a previous rally. Class A bearish divergences often signal a sharp and significant reversal toward a downtrend. Class A bullish divergences occur when prices reach a new low but an oscillator reaches a higher bottom than it reached during its previous decline. Class A bullish divergences are often the best signals of an impending sharp rally. 🔷 Class B bearish divergences are illustrated by prices making a double top, with an oscillator tracing a lower second top. Class B bullish divergences occur when prices trace a double bottom, with an oscillator tracing a higher second bottom. 🔷 Class C bearish divergences occur when prices rise to a new high but an indicator stops at the very same level it reached during the previous rally. Class C bullish divergences occur when prices fall to a new low while the indicator traces a double bottom. Class C divergences are most indicative of market stagnation – bulls and bears are becoming neither stronger nor weaker. 👤 @algobuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
by QuantVue
9
Regular Bullish Divergence spotted on GBPUSD H4 and H1 TFHello traders. As market open again tomorrow, here is a trade idea on GBPUSD. on the H4 and H1, the price makes a lower low while the RSI indicator makes a higher low, forming a regular bullish divergence as seen on the chart. Also a spinning top was formed on H4 TF which could indicate bears are exhausted. Thus, we can make our entries around 1.32331 (or lower), how SL (from H4 TF) can be placed around 1.31858 and our TP (from H4 TF) can be placed around 1.34112. The RRR is 1:3.7, making it a profitable trade. NOTE: This is not a financial advice
Long
by babasholajoshua
1
Hidden Bullish Divergence spotted on USDJPY H1 TF. Long positionA hidden bullish divergence has been spotted on USDJPY H1 TF as price made a HL and the RSI indicator made a LL. Also, on the daily TF, we can see price is in an uptrend as price keep respecting the 100 day EMA. However, on the H4 TF, price has formed a double top which might indicate price shooting down, therefore we shall use a tight stop. We will go long entries can be made around 114.900 or lower, SL can be placed around 114.617. For day traders, it is advised to place TP around 115.597 (RRR of 1:2.4) For swing traders, it is advised to place TP around 115.748 (RRR of 1:3.0) This is a risky trade but with high reward Note: This is not a financial advice.
Long
by babasholajoshua
GBPUSD Long pull back entry into Elliot WaveAs it stands price is currently at EW4 which made a move up with a Bullish divergence to test the highs of 1.30056 before closing with a bearish trend bar. What i'm expecting is that price may pull back/corect to 1.27766 which may confluence with the middle level of the Andrew Pitchfork before rally up to complete EW5 or potentially start a sub wave on the lower time frames. Potential long will be sought at 1.27832 - Alerts set Watch and Wait Bear Trader.
Long
by TraderChes
USD/CHF has a shoulder head shoulder invertedIn this technical analysis, I want to concentrated more in H1 and H4 timeframe. So firstly, remember that we have bad news of USD pars and so, this morning USD agains CHF is loss very loss. So, firslty, I want to show us my panoramic so what USD/CHF are: In monthly we are into the bullish channel, but, if you going and how US Dollar has been devaluated in the long term of years. In weekly timefra, into the bullish channel, we are in the bearish channel in weekly and the perspectiv is following bearish. And the Daily timeframe, I see that we are in this bullish butterfly, so, dont recall that proyection are bearish, because we are into this bearish channel that we see in weekly. And also, into of weekly, in Daily we have an another bearish channel, so, in conclusion, the price of USD/CHF it's can be experiment a up the price. And also, in Daily as we are in this armonic pattern, we see a series of Fibonacci, and also, I can see that in few days, its' can be a experiment of upper the price. Because in Daily we see a bullish hide divergence. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Now, concentraded in th technical analysis. So, in H4 timeframe I see that we are in the formation of shoulder head shoulder inverted, and so this is a bull signal to entry. But to calculated the price it's can be to reach at the 0.9777 a great opportunity to pick up 190 pips as below of the first screenshoot. And finally, in H1 timeframe, we see the same chartist figure, a shoulder head shoulder inverted and a bullish scenario. So, the only what I hope is that USD/CHF is going to up the price a little and the green zone to confirm with a bullish candlestick and then entry in a long positon for longer as I show my the arrox black mark. And if they have a succed, the technical analysis could be validated to form the shoulder what have in formation.
Long
by harisonhbn9718
1