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Relative Strength Index (RSI)

SANDUSDT Int Daily S/R| Psfp| .618 Fibonacci| Price Action Evening Traders, Today’s analysis – SANDUSDT- trading towards a key resistance area where a rejection is plausible, Points to consider, - Price action impulsive - Int-Daily S/R Resistance - .618 Fibonacci Resistance - Deviation SANUSDT’s immediate price actin is trading towards a key region where there is resistance confluence with the int-Daily S/R and the .618 Fibonacci, this allows for a bearish bias. Price action trading around the resistance will increase the probability of a potential deviation. Overall, in my opinion, SANDUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “Trade the market in front of you, not the one you want!” – Scott Redler
Short
by AzizKhanZamani
3
Relative Strength Index (RSI) | Technical Indicator You Must Kno ✳️What is the RSI Indicator What is the RSI Indicator? The relative strength index is a market indicator that signals when the asset is over-bought or over-sold. This is a momentum-following indicator that measures how fast the price is moving and changing. The RSI uses different types of averages, but its primary purpose is to show whether a trend is strong or weak within a series of prices. In general, a strong trend is indicated by values close to 100 while a bearish trend is often indicated by a value near 0. ✳️RSI Indicator Settings The RSI has the standard setting. When you activate the indicator in any platform the defualt setting are 3 values. They are 6, 14 and 24. These are averages. The 30 and 70 value lines are calculated based on the lower and upper values and the middle lines is the oscillar which is a 14 period average. When the 14 period oscillator is above the 24 period is overbought and when the 14 period is below the 6 period is oversold. ✳️Opening Positions on RSI Signals The main signal the RSI oscillator generates allows defining overbought and oversold price ranges. Although it is frequently used as a filter in systems where the main indicator is a trend one, it might be possible to try trading using RSI signals only. When indicator’s line goes above the level 70 or below the level 30, it signals that market is overbought/oversold, and it is necessary to wait for the next signal confirming a trend reversal. ✳️RSI Trendlines Contrary to popular belief, the Relative Strength Index (RSI) is a leading indicator. This quality can be observed by using trendlines on the RSI chart and trading its break. When the RSI is rising, an upward trendline is drawn by connecting two or more lows and projecting the line into the future. Similarly, when the RSI is falling, a downward trendline is drawn by connecting two or more highs and projecting the line into the future. A break of an RSI trendline precedes an actual price reversal or continuation in the market. For instance, if the asset price breaks above a downward trendline, it is a signal that the price is about to edge upwards, either as a continuation of an uptrend or as a reversal of an existing downtrend in the market. ✳️RSI and Chart Patterns The Relative Strength Index is one of the best technical indicators to complement raw price action signals delivered by candlestick patterns or line chart patterns. For instance, when a bullish candlestick, such as a pin bar, or a price chart pattern, such as a double bottom, occurs in a downtrend, a buy position can be opened when the RSI displays a reading of below 30 to imply oversold conditions. ✳️RSI Divergence The Relative Strength Index also delivers divergence signals that could be a viable trading opportunity. A divergence occurs when the asset price and RSI do not move in the same direction. A positive (bullish) divergence occurs when the price is drifting lower, but the RSI is edging higher. This is a signal that the price may be heading towards a bottom and an upward reversal is about to happen. On the other hand, a negative (bearish) divergence occurs when the price is drifting higher, but the RSI is going lower. This is a signal that price may be heading towards a top and a downward reversal is about to happen. ✳️RSI and RVI Both the RSI and the RVI(Relative Vigor Index) are oscillators, but their different qualities can help traders to pick out high-quality RSI trading opportunities in the market. Whereas the RSI focuses on price extremes (high and low), the computation of RVI seeks to relate closing prices to open prices. This means that the RVI has both positive and negative numbers, with the centreline being 0. The RVI gives information on the strength of price movement, with positive values indicating increasing momentum, whereas negative values denote decreasing momentum. The RSI is the best indicator to complement or qualify the signals delivered by the RVI, especially in trending markets. For instance, if the market is in an uptrend and the RVI delivers a bearish divergence signal (prices go higher whereas RVI goes lower). In this case, a retracement or a trend reversal will be confirmed if the RSI reading is above 70, which implies overbought trading conditions. ✳️Here is the list, though now at all exhausting of the ways to use RSI in your trading. I will add that I use it myself, even though you don’t see it on my charts for aesthetic reasons. Like, comment and subscribe to boost your trading! Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
21
LITUSDT Weekly S/R| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – LITUSDT – rejecting from its .618 Fibonacii and is now trading below key resistance, Points to consider, - Price action impulsive - Daily S/R Resistance - Weekly S/R Support - Price Action Range LITUSDT’s immediate price action is trading under resistance, as long as price stay below, it is likely to trade lower. The Weekly S/R is the immediate support, holding this area will create a local price action range, allowing for potential accumulation. How price action trades within the range will dictate the immolate direction Overall, in my opinion, LITUSDT needs form a constructive range before the next expansion Hope this analysis helps, Thank you for following my work And remember, “Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
Long
by AzizKhanZamani
4
LTCUSDT Int-Weekly S/R| Daily S/R| .618 Fibonacci| VAH Evening Traders, Today’s analysis – LTCUSDT – trading at a clear resistance where a trend reversal is probable, Points to consider, - Price action impulsive - .618 Fibaoncci Resistance - Daily S/R Resistance - VAH Resistance LTCUSDT’s immediate price action is trading at an area of technical resistance confluence, this allows for a bearish bias. The area is in confluence with the .618 Fibonacci, VAH, Daily S/R and the Internal Weekly S/R, this deems the area for potential trend reversal. The immediate objective is the lower Daily S/R Support, a bounce here is likely which will then need a further analysis. Overall, in my opinion, LTCUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
Short
by AzizKhanZamani
11
ATOMUSD Bullish OB| Monthly S/R| Psfp| InternalS/R| PAEvening Traders, Today’s analysis – ATOMUSD- trading away from a key support region, a pullback needs to hold for a bullish continuation. Points to consider, - Price action impulsive - Monthly S/R Support - Psfp Liquidity - Bullish OB Support - Internal S/R Support ATOMUSD’s immediate price action is trading with consecutive higher lows, allowing for a bullish bias. The current level of confluence is situated around the Monthly S/R, this includes the VAH, Psfp, Internal S/R and a Bullish OB. The overall objective is the Daily S/R, exceeding this level will lead to a trend continuation. Overall, in my opinion, ATOMUSD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember!, “It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
Long
by AzizKhanZamani
7
DOTUSDT Range VAL| .618 Fib| Psfp| Price Action Evening Traders, Today’s analysis – DOTUSDT- rejection of from a key level and is now rotating towards the lows, Points to consider, - Price action impulsive - POC S/R Support - .618 Fiboancci Support - Range VAL Support DOTUSDT’s immediate price action is trading towards an area that has technical confluence with the .618 Fiboancci, VAL and the POC region, this allows for a bullish bias. Holding support at the technical level will allow for a bounce back towards the range high, Overall, in my opinion, DOTUSDT is a valid long with defines risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
Long
by AzizKhanZamani
3
OCEANUSDT Bullish MS| Local Resistance| Higher Low| Liquidity Evening Traders, Today’s analysis – OCEANUSDT- trading at a local resistance where a rejection is plausible, Points to consider, - Price Action Impulsive - Local Psfp Resistance - Daily S/R Resistance - Dynamic S/R Support - .618 Fibonacci Support - Local VAH Support OCEANUSDT’s immediate price action is impulsive, putting a local high here will increase the probability of price action correcting for a higher low. The local POI will be the Dynamic S/R Support that is in confluence with the Psfp, VAH and .618 Fibonacci, allowing for a bullish bias. Overall, price action needs to retrace for this trade to become probable, discretion is to be used upon execution/ management. Hope this analysis helps! Thank you for following my work And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee,
OLong
by AzizKhanZamani
1
CRVUSDT Daily S/R| Psfp| .618 Fibonacci| Equal Highs Evening Traders, Today’s analysis – CRVUSDT – trading in a consolidation with a clear set of equal highs that are likely to get taken, Points to consider, - Price action impulsive - Daily S/R Support - .618 Fibaoncci Support - Equal Highs Objective CRVUSDT’s immidie price action is trading in a consolidation that will breaking in the coming days. A breaking down needs to hold at the current area of confluence, that is with, the Daily S/R, Psfp, and the .618 Fibaoncci, allowing for a bullish bias. The immediate objective is the Equal Highs, exveeding this level will lead to a larger rise Overall, in my opinion, CRVUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember! “You create your own game in your mind based on your beliefs, intents, perception and rules.” ― Mark Douglas
Long
by AzizKhanZamani
4
🔥TOP FIVE INDICATORS FOR BEGINNERS🔥 📊ON-BALANCE VOLUME(OVB) IS: On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in the price.The theory behind OBV is based on the distinction between smart money – namely, institutional investors – and less sophisticated retail investors. As mutual funds and pension funds begin to buy into an issue that retail investors are selling, volume may increase even as the price remains relatively level. Eventually, volume drives the price upward. At that point, larger investors begin to sell, and smaller investors begin buying. 📊MOVING AVERAGE IS: A moving average helps cut down the amount of noise on a price chart. Look at the direction of the moving average to get a basic idea of which way the price is moving. If it is angled up, the price is moving up (or was recently) overall; angled down, and the price is moving down overall; moving sideways, and the price is likely in a range.A moving average can also act as support or resistance 📊RELATIVE STRENGTH INDEX IS: The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of the pair’s recent price changes to evaluate overvalued or undervalued conditions in the price of that pair. It can also indicate pairs that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition. 📊BOLLINGER BANDS ARE: Bollinger Bands are a form of technical analysis that traders use to plot trend lines that are two standard deviations away from the simple moving average price of a security. The goal is to help a trader know when to enter or exit a position by identifying when an asset has been overbought or oversold. Bollinger Bands were designed by John Bollinger. Bollinger Bands help by signaling changes in volatility. For generally steady ranges of a security, such as many currency pairs, Bollinger Bands act as relatively clear signals for buying and selling 📊MOVING AVERAGE CONVERGENCE DIVERGENCE(MACD) IS: The concept behind the MACD is fairly straightforward. Essentially, it calculates the difference between an instrument's 26-day and 12-day exponential moving averages (EMA). In calculating their values, both moving averages use the closing prices of whatever period is measured. On the MACD chart, a nine-period EMA of the MACD itself is also plotted. This line is called the signal line, which acts as a trigger for buy and sell decisions. The MACD is considered the "faster" line because the points plotted move more than the signal line, which is regarded as the "slower" line. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
11
ETHUSDT Monthly S/R| HTF .618 | Psfp | Price Action Evening Traders, Today’s analysis- ETHUSDT- trading at a key resistance zone where a rejection lower is possible, Points to consider, - Price action impulsive - Monthly S/R Resistance - HTF .618 Fiboancci Resistance - Sfp-entry area ETHUSDT’s immediate price action is trading in a zone that is considered resistance due to technical confluence such as the Monthly S/R, HTF .618 and Psfp, allowing for a bearish bias. The immediate objective will be the low Psfp, this is an area of resting liquidity this a magnet for price action. Overall, in my opinion, ETHUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Short
by AzizKhanZamani
1
USDJPY Weekly S/R| VAL| Psfp| Price Action Evening Traders, Today’s analysis – USDJPY – trading at a key level of support where a bounce towards the highs is probable, Points to consider, - Price Action corrective - Daily S/R support - VAL Support - Channel low USDJPY’s immediate price action is trading towards an area that is in technical confluence with the .618 Fibonacci, Weekly S/R, VAL and the Psfp, allowing for a bullish bias. Breaking out of the current channel will signify a change in market structure, this will mean a new higher high. The immediate objective is the Daily S/R, exceeding this level will lead to high targets. Overall, in my opinion, USDJPY is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps!, Thank you for following my work And remember, Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
Long
by AzizKhanZamani
2
EURUSD POC/ Daily S/R| .618 Fibonacci| Price Action Evening Traders, Today’s Forex Analysis – EURUSD – trading directly at its VAH where a rejection is plausible, Points to consider, - Price action impulsive - POC S/R Support - Daily S/R Support - .618 Fibonacci Confluence - Psfp Confluence EURUSD’s immediate price action is rejection from its VAH, increasing the probability of a pull back into support confluence of the POC, Daily S/R, .618 Fibonacci and Psfp – allowing for a bullish bias. The immediate objective is the Daily S/R, exceeding this level will lead to a trend continuation and an establishment of a higher low. Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “Sometimes the best trade is no trade.” – Anonymous
Long
by AzizKhanZamani
2
SOLUSDT Bullish uptrend| Local PA Range| Daily S/R| .618 Evening Traders, Today’s analysis – SOLUSDT- trading in a defined range where an up-thrust into resistance is probable, Points to consider, - Price action impulsive - Daily S/R Support - .618 Fibonacci Support - MS Higher Low SOLUSDT’s immediate price action is impulsive, it is potentially establishing a higher low that is in confluence with the .618 Fibonacci, Daily S/R and the VAL, allowing for a bullish bias. The immediate market structure remains bullish, thus, there is a higher probability of price action testing resistance again. Overall, in my opinion, SOLUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Long
by AzizKhanZamani
4
GMTUSDT Daily S/R| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – GMTUSDT- trading towards a clear support level where a bounce is probable, Points to consider, - Price Action Corrective - Daily S/R Support - .618 Fibonacci Support - Bullish Order Block GMTUSDT’s immediate price action is coming close towards a support level that is in technical confliuenc with a Daily S/R and the .618 Fiboancci, allowing for a bullih bias. The immediate objective is the Daily S/R Resistance, exceeding this level will lead to a bullish continuation. Overall, in my opinion, GMTUSDT is a Valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.” ― Yvan Byeajee
Long
by AzizKhanZamani
5
Educational (divergence + volume)Hi guys, in order to spot a divergence you should be careful which timeframe you're looking at. for example in the left picture, the daily timeframe is showing higher highs in price (at each candle) and lower highs in RSI (at each candle). but note that these are not highs and lows and as long as you can't find signs of accumulation and distribution in highs and lows (as long as there's no valid consolidation) you can't name them as highs and lows. so there's no divergence. but in the lower time frame (what is shown is 4h) you can see it more clearer that for every candle in the daily time frame, you have a specific trend in the 4H timeframe. so you can name them as highs and lows and yes, there is a divergence now. also, keep in mind that in the lower timeframe. every time you're making a new high in rsi, you should expect it to be more volatile and be more sensitive in a way that in the next new rsi high, you have less time spent in the overbought area. The next part is about the volume profile. you have less resistance in front of the price movement where there is less volume traded in the past. BUT NOT ALWAYS! less trades made in the past in an area means two things: 1- you can expect the price to move faster and sharper and take less time in that area 2- if the price wants to make a low or high or a pattern, it's less predictable and there's more chance of wrong analysis and fake patterns. Feel free to leave any comments and ask questions!
Education
by Finnovin
SHIBUSDT Local Resistance| Daily S/R| Psfp| Trend Evening Traders, Today’s analysis – SHIBUSDT- trading at a local resistance area where a pullback will allow for a long, Points to consider, - Price action impulsive - Daily S/R Support - Range Low Support - Psfp Objective SHIBUSDT’s immediate price action is rejection from local resistance, allowing for a pullback into support confluence of a Daily S/R , Psfp and Range Low. Holding the pullback will mean a potential rotation back towards range high, the overall objective is the Psfp. Overall, in my opinion, SHIBUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work, And remember, “Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
Long
by AzizKhanZamani
1
LUNAUSD H&S Pattern| Pullback| Int- Daily S/R| .618 Fib| PAEvening Traders, Today’s analysis, LUNAUSDT – trading in a trend that is potentially coming to an end, allowing for a pullback to long, Points to consider, - Price Action Impulsive - Potential Head and Shoulders - .618 Fibonacci Support - Int-Daily S/R Confluence - Higher Low Objective LUNUSD’s immediate price action is impulsive and is trading with a potential head and shoulders, hinting towards a correction for a test of the lower Int- Daly S/R. The lower level of support is in confluence with the .618 Fiboancci and the VAL of the current up-trend. Holding this level is critical for a bounce and the start of wave three. Overall, in my opinion, LUNAUSD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work! And remember, “All statistics have outliers. Money management, therefore, is key to the process of good trading.” ― Yvan Byeajee
Long
by AzizKhanZamani
1