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Hiddendivergence

CADJPY Daily S/R|Hidden Bullish Divergence|200DMA|.50 Fibonacci Evening Traders, Today’s analysis – CADJPY- approaching Daily S/R with a hidden bullish divergence, deviation probable, Points to consider, - Trend Range Trading - Daily S/R (Support) - .50 Fibonacci ( 200 MA Confluence) - Oscillators Hidden Divergence - Low Volume CADJPY’s immediate trend is ranging between Daily S/R levels. The current Daily S/R is immediate support, high probability of being respected on first test. Immediate resistance is the .50 Fibonacci in confluence with the 200 MA, a lower high is likely to be set here. Both oscillators have a valid hidden bullish divergence which indicates strength and reversals in the immediate term. The volume profile is currently below average, an impulse is probable when key technical levels get tested. Overall, in my opinion, CADJPY is a valid long with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
Long
by AzizKhanZamani
4
EURUSD: A cheeky buying opportunity..''BUY MARKET ORDER'' Why buy? bullish Gartley '222' bullish hidden divergences Fibonacci cluster EXTRAS; Sellers were unable to push prices beyond a third of the ongoing rally. This should tell you that the buyers are strong, at least compared to those selling at these prices X is one tick (!) away from a third of the previous rally, coming in at 1.18261, plotted on the chart. The exact low was made at 1.18262 Fibonacci cluster consisting of; 1.618 AB=CD, 2.00 extension, 0.786 retracement Measuring the distance in time and price from X-A and comparing it to the distance in time and price from A-D tells you a whole story. In this case, on the chart we see that it has taken the sellers 10 times as long in time to barely even touch the 0.786 retracement. This should tell you that the buyers are winning the fight less than 0.382 retracement indicates the trend is strong and confirms the theory above I am looking to take this trade with stops 2 pips below 0.886 of XA. If stopped out, I'll be looking to enter again this time with stops 2 pips below X If we go below X next support levels are potentially located at 1.272 or 1.618 extensions Good luck to all everyone trading EUR!
Long
by MikulovicFOREX
10