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Rsi_divergence

EUR/USD trading near key retracement levelEUR/USD is trading near the 61.8% Fibonacci retracement from the high of 2022 to the low of 2022, near 1.0747. The area also confluences with the bottom trendline of an upward sloping channel that the pair was in until January 3rd. If price closes above 1.0747, the next resistance isn’t until 1.0937. Above there, price can move to the highs of March 31st at 1.1185. However, notice that price is diverging with the RSI, an indication of a possible pullback. If price does pull back, support is at the January 6th lows of 1.0482, then the 200 Day Moving Average at 1.0310. If EUR/USD breaks below the key moving average, the next support is at the highs from October 27th at 1.0094.
by FOREXcom
1
YINN China Leveraged 3x Bull Setting Up Reversal ShortYINN the China Bull EFT has uptrended dramatically of late however it is far extended above its moving averages while the RSI indicator shows decreasing strength as a divergence. Price rise is hitting the resistance of the POC line of the intermediate-term volume profile where sellers will step in and invoke selling pressure in a triple top making the resistance strong. I expect it to drop now and perhaps dramatically,. Inversely the YANG ETF, a bearish leveraged fund will rise. By a Fibonacci analysis, a 15% drop is expected before another inflection. Accordingly, I would set up a stop loss of 3-5% on the short swing trade setup .
AMEX:YINNShort
by AwesomeAvani
RAD bullish pattern repetition?Similar pattern formation to Jul and Oct 2022. High Stoch and strength from a rising RSI can help boost the price over an estimated 3-month range. MACD at zero level cross. Good entry point. We want to see this MACD maintain well over the zero level along with an RSI maintained over 50. More peaks above 80 in Stochastics can help support the bullish thesis. Assumption is a Q3-2022 pattern repetition. A bullish engulfing candle is expected but is a lagging indicator on such a chart. It can be used as a trend confirmation.
RLong
by ashpat86
SPY Consolidation going into expansionGreat time to start trading based on the expansion direction of SPY in the coming week. Using RSI and Fibs, along with candlestick patterns, there are potential patterns to emerge from this. Currently loading up on Calls for 3/31 $410 Starting small position in 2/17 $350 Put Will trim and add based on the expansion momentum next week. Using 15min RSI diversions and min max levels to load and trim corresponding options. Expecting SPY to retest $400-410 zone, then test $360-330 zone before starting new bull wave.
CME_MINI:ES1!Long
by ttovmasy
Bearish Divergence on GoldPossible short on gold . Looks like market is respecting the 1820 key levels. Sell: 1815 SL: 1825 TP: 11797 RR: 2R "Simple doesn't mean not profitable" Stay focused my friend. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
BLACKBULL:XAUUSDShort
by PropTradePros
Bullish Divergence on CADCHFEntered long on this bullish divergence on 1H timeframe. Buy: 0.68139 SL: 0.67714 TP: 0.68731 RR: 1.3R "Simple doesn't mean not profitable" Stay focused my friend. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by PropTradePros
2
Bearish Divergence on GBPCADSpotted this short trade for GBPCAD. Prices are consolidating & respecting my key levels. We are in in this trade. Good luck. Sell: 1.63438 SL: 01.64194 TP: 1.62131 RR: 1.7R "Simple doesn't mean not profitable" Stay focused my friend. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by PropTradePros