We are shorting AUDNZD now The D1 and H4 MA are flat so this is considered to be a ranging trade.
There is a harmonic pattern in M15.
Massive divergence in M30, M15 which should help this pair fall.
Relative Strength Index (RSI)
DXY - Bearish divergenceRefer to chart. Already started dumping
very brief desc very brief descvery brief descvery brief descvery brief descvery brief descvery brief desc
SPY and NDAQ looking to breakoutThe price on both charts are attempting a breakout of the previous resistance line. On this chart, you'll see we are currently testing a previous resistance line. The stock market could start to see a bullish rally for the next few months. We have CPI data coming out on Wednesday. Most investors will use this to see if Fed's will be dovish or hawish when it comes to fighting inflation. My opinion is that they will be dovish since we have seen inflation decrease in June. There are many people who still believe 75bp hike is gonna happen. Any rate hike under 75bp is bullish. August and September should be bullish months as well.
Indicators showing bullish momentum:
Stock price above previous resistance line
MACD is green
AO is about to cross zero line
RSI broke 50 value, and looking to break again
EUR/JPY: bullish divergence and break outEuro/Yen Japanese break out this structure and want to continue climb that we could to get a good trade in this par. And also we forming a bullish divergence in the RSI and price action too.
We're in this way forming a bullish divergence
In Daily timeframe it's look bullish from this key support zone above 138.50 JPY.
I put a buy order limit to $138.76 JPY, Stop Loss to $137.98 JPY and target to $140.00 JPY. This it's look a potential trade to find up 138 pips.
This it's a quickly analysis today. I hope that this idea support you
Good luck!!!
Selling CADCHF at the high of last week Firstly let's remember this is a counter trend.
We already have made some progress by shorting EURCHF earlier this morning.
There is a pattern to sell this which is now stuck at the stop loss level.
Selling this with a tight SL.
Will take profit as soon as there is any strength in this pair.
A counter trend EURCHF trade for 100 pipsEURCHF has fallen to all time lows.
Based on our analysis, we are seeing H4, H1, M30 and M15 oversold.
We see M15 and M30 divergence.
The stop loss is very tight as this is a counter trend.
Reversal likely to hold up #SPX $SPY $RSP I expect some continuation from this recent rally. The percentage of SPX stocks trading above their 50-day MA is now bouncing from being too far below the lower band of the channel I have defined.
Annotated on the chart are the previous times it significantly breached the lower band.
MACD histogram turning green with MACD line curling up for a cross. RSI bounced and has some momentum. Next test at 50.
Bar some terrible news from Ukraine or Taiwan, we should see some of this momentum carry the market higher. For how long? Unclear. I would like to see $RSP start to outperform $SPY to signify broad strength opposed to a few names carrying the entire index (not sustainable or healthy).
⚡️ #ETH/USDT - Potential 110% ⚡️⚡️ #ETH/USDT - Potential 110% ⚡️
Entry Conditions
- Daily RSI Trendline Breakout
- Merge Nearly Complete
- Flipped 20DEMA
Entry: 970 - 1220
TP1: 1680
TP2: 1980
TP3: 2160
SL: 830 or HOLD
$ALGO #Algo #Algofam #Algorand #crypto
RSI indicator Hi
RSI indicator needs some improvement. such as:
1- add on it auto-selection of bottoms and tops, right you add some improvements to it, it will be easy to give you where are bottoms and where are tops,
2- also gives you if this trend is positive or negative. on the chart or on the indicator.
3- it gives you a signal if it's up or down. rather you select them manually
in this case, the divergence will show you if it is positive or negative.
we have to jump from manually to automatically indicators.
4hr support zone and 15 minute descending triangle!EurJpy: On the left side (4hr chart), you are able to see a support level that was hit multiple times. This support line is an attractive spot for all traders that analyze the chart. This level can either hold and push the price up or break and push the price down. On the 15-minute chart, you are able to see a descending triangle forming. Wait for the triangle to form and a higher high to take place. This trade can also go to the downside. that is if the triangle is broken to the downside which means the 4hr chart wants to break that support line. Indicators on the 4hrs match up with the descending triangle. They want to push the price higher.
Adam & Eve Pattern in Weekly Time Frame About BTC (Road to $12K)We are clearly in an adam & eve formation in the weekly timeframe.
If there is a retest before the target of this pattern takes us as high as $12,000, we may see a relief rise again towards the $28-29K levels.
$BTC Weekly RSI - Great spot to buy RSI has rarely been so oversold. It is a great opportunity to buy, it is also the scariest.
Personally I don't buy, I trade and accumulate. Who is still selling here?
20220703 - AUDUSD - ShortLooking for a sell opportunity on AUDUSD 1hr.
Current downtrend. Lower highs, lower lows.
Fib retracement back to 38.2% , 50%, or 61.8% - waiting for confirmation candle.
RSI overbought - waiting for crossover.
3 potential TPs - 0.67642, 0.67241, and 0.66726.
Please let me know your thoughts.
Ris divergence at long term support AMD is making rsi divergence on daily and falling wedge pettern right at previous long term tested support wait for the breakout and retest
Breakout coming on on BTCUSDAfter offering multiple sell opportunities, the BTCUSD pair is now consolidating on the 60m timeframe.
Similarly, the RSI Exhaustion at the bottom is consolidating as well.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).
Remember to stay patient and always look for confirmation from the indicators!
4 Reasons of Bullish BTCUSDTBTCUSDT has been falling for days since its major peak at $68K and the market is in deep fear after this downward movement; however, there is some evidence that the accumulation phase has begun and the signs is laid under the BTCUSDT weekly chart.
As you can see in the weekly chart, the price dips have been always accompanied by major market volumes which means the funds, whales or whatever you name them have found those prices a good entry price and the exact same thing has been happening in last previous days.
Beside the volume rush and historical warning of an up rush in price, the BTCUSDT has been bearish 12 weeks out of last 14 weeks which indicates a soon coming trend correction (upward movement during a downside trend at this case) or even a trend reversal.
The third sign that the market has high potential of price moving upwards is the RSI indicator showing figures below 30 again in weekly chart which means the market has entered a phase of over-selling indicating that it is a good time to buy !
But wait, there is a fourth sign too !
If you tighten your range of view and get into 4H chart from weekly chart, you can see a head and shoulders pattern which is getting completed by making its pullback to the neckline. this 4H head and shoulders will be confirmed again by a volume rush and this time on the right shoulder which has not happened yet and is expected within next couple of days.
The possible target for 4H head and shoulders is 25648; although, the weekly chart indicates that the price is very likely to hit new ATHs !
