Rsi-2
Bearish divergence on FTSE100 after all time highAfter peaking to all an all time high it's either pull back or reversal time. Please see annotated chart.
GARTLEY PATTERN ON EURCAD - SHORT SETUPHi everyone! It looks like a gartley pattern we have on EURCAD. It also includes an ABCD Pattern ofcourse. RSI Divergence also support our idea to short. We should just wait for the reversal candle and the trade will be open.
p.s. do not trust me, trust your own strategies.
Sample RSI setups on #USDCADThe RSI can be a great trading tool if used properly. Most Traders use it for an overbought/oversold indicator and that is the worst use of the RSI.
As you can see from the chart, there are multiple short term trade setup in this one hourly chart. Although I am only showing 3 examples there are many more setups on this chart but did not want to make a mess of the chart. I will continue to post RSI trade setups and RSI educational information in the future as time allows.
USDCAD Looking to go LONG at around 1.280Price is currently entering a Daily support zone, I am expecting buyers to come in at the 78.6% Fibonacci level where the lower trend line of the downward channel could also come into play. The Daily 200 smooth moving average lies just beneath the support level and the 78.6% Fibonacci level. The 200% Fibonacci extension level (Aqua Blue Line) could also be worth keeping an eye on. Furthermore looking at RSI and it would appear that price is currently oversold on the 1 hour time frame, whilst nearly reaching oversold levels on the 4 hour time frame.
BTC correction soonBTC correction is well overdue. Right when everyone is thinking BTC is going straight to 1000 and every pullback is bough is when the correction will start. Here are a few things to watch for:
1. Volume on the last pullback was big
2. MACD is crossing down
3. RSI negative divergence
4. Look for a lower high and then a lower low for confirmation
AUDUSD 4hr waiting Bullish Momentum A kind of double bottom is formed
Rsi showing as up direction MA not yet
EMA200 Ema 50 1T and 2T
Short EOD trade on Brent Crude at the $50 psychological levelPlease see annotated chart for details.
