GBP/USD (Selling Opportunity)Short Call on FOREXCOM:GBPUSD
GBP/USD has broken the lines!
DXY is also at the support TL.
Also, the RSI showing a bearish Divergence!
Best of Luck!
Your feedback would be appreciated!
Rsi_divergence
Sushi - Bearish Divergence 4HSushi has ben on the roll recently, with strong bullish pressure making its price reach its multi-month high.
On the 4H time frame SUSHI is forming a bearish divergence with higher highs on the price and lower high on both MACD and RSI.
RSI its losing momentum at the moment of the writing, while still sitting in overbought territory.
I would open a short at these price, with target price at the demand zone at around $1.2. Remember that buying pressure is still very high as highlighted by the volume levels, thus play safely.
BA daily evening star reversal with RSI divergenceSell Stop 127.27 LMT 127.27 GTC
Buy Limit 115.27 GTC
Buy Stop 137.06 GTC
BA daily evening star reversal with RSI divergence wave 5 of downtrend
BREAKOUTInteresting breakout of the resistance that followed an accumulation area over 200 SMA and positive divergence with RSI.
Now longs have a R/R of 1.7
Is the market still on aggressive downtrend ? Hello ladies & gentlemen ,According to my analysis ,I think that expecting something in this market condition is hard ,the fed still increasing the interest rates ,which affect negatively the market ,But as we see in the chart the price goes upwards from there,also we are waiting for good confirmation to take clean trades.
So ,if you have any opinion or suggestion ,write below to discuss it.
COST daily bullish hammerOrder BUY COST NASDAQ.NMS Stop 473.44 LMT 473.44 will be automatically canceled at 20230401 01:00:00 EST
COST daily bullish hammer with RSI divergence gotta be quick 1.2R countertrend.
CRM daily bearish hammer at 38% Fibonacci retracement RSI divergCRM daily bearish hammer at 38% Fibonacci retracement RSI divergence wave 5 of downtrend take profit 50% Fib extension.
SQQQ daily bullish hammer at Fibonacci 50% retracement RSI diverOrder BUY SQQQ NASDAQ.NMS Stop 53.97 LMT 53.97 will be automatically canceled at 20230401 01:00:00 EST
SQQQ daily bullish hammer at Fibonacci 50% retracement RSI divergence. Stop loss below 68% take profit into fib extension 1. Wave 5 uptrend.
The art of trading- Spotting Divergences is a good way to be prepared for a potential trend reversal.
- Many peoples are using RSI in a wrong way, as fix point indicator (oversold or overbought).
- in reality RSI is a "Momentum indicator". Point to Point.
- Divergences most of the time are not enough to enter a position but help you to have more nice cards in your hands.
- They can be combined with Trend Lines, Supports/Resistances, pivots, MAs/EMAs and much more indicators.
- More information you get on a trend, more is helpful to be accurate.
- the reverse of the medal is using too many indicators at the same time can make you confuse and doubt.
- Trading is an art but patience a virtue.
Happy Tr4Ding !
GOOG daily bullish hammer with RSI divergence Sell Stop 101.27 LMT 101.27 GTC
Buy Stop 105.08 GTC
Buy Limit 95.46 GTC
GOOG daily bullish hammer with RSI divergence, Stop loss above local high pivot, take profit to fibonacci 50% extension.
The BIG short of EURCHFThis pair has hit a high and is strongly resisted by 0.9800.
RSI is OB on every timeframe.
There is divergence which indicates the pair is likely to fall. A nice harmonic pattern is also present.
Stop loss of 40 pips and target is open.
IWM bearish hammer at 50% Fib retracement with RSI divergenceOrder SELL IWM ARCA Stop 172.40 LMT 172.40 will be automatically canceled at 20230401 01:00:00 EST
IWM bearish hammer at 50% Fib retracement with RSI divergence wave 5 of downtrend buckle up!
AUDUSD - Long with RSI divergence 10/12/2022- How RSI Divergence works:
... Lower Low but RSI Higher Low.
... Point A must at Oversold.
... Point B must above 50 (RSI) and crossover 2 EMA 34, 89.
... Point C must higher 30 (RSI oversold.
* Daily timeframe is at downtrend >>> small risk with this trade.
QQQ daily bearish hammer at 38% Fibonacci retracementSell Stop 278.68 LMT 278.68 GTC
Buy Limit 267.47 GTC
Buy Stop 287.22 GTC
QQQ daily bearish hammer at 38% Fibonacci retracement with RSI divergence begininning of wave 5 downtrend.
GOOG - bullish divergence on weeklyHowever, any near term bounce is likely to be short term (ie bear rally, lasting 2 to several weekly candles) as overall direction is still down for now.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
KO daily bullish hammer with RSI divergenceOrder BUY KO NYSE Stop 56.71 LMT 56.71 will be automatically canceled at 20230401 01:00:00 EST
KO daily bullish hammer with RSI divergence at good buying area. Wave 4 of downtrend, stop loss below buying zone, take profit at Fibonacci 50% retracement.
GOOGL daily RSI divergenceGOOGL daily RSI divergence. Stop loss under local pivot. Take profit to Fibonacci 50% retracement.
BAC daily RSI divergenceBAC daily RSI divergence stop loss under local low, take profit at 50% Fibonacci retracement.
JPM daily RSI divergence with bullish hammer wave 4 of downtrendJPM daily RSI divergence with bullish hammer wave 4 of downtrend. Gotta be quick countertrend.
DAL daily bullish hammer with RSI divergenceOrder BUY DAL NYSE Stop 28.50 LMT 28.50 will be automatically canceled at 20230401 01:00:00 EST
DAL daily bullish hammer with RSI divergence in the end of wave 5 of wave 3 downtrend. Take profit at 50% Fibonacci retracement.
DIA daily divergence break of the trend Order BUY DIA ARCA Stop 295.32 LMT 295.32 will be automatically canceled at 20230401 01:00:00 EST
DIA daily divergence break of the downtrend. Take profit Fibonacci 50% retracement. Stop loss under recent low pivot.
NVDA daily RSI divergence at the end of wave 5 downtrendNVDA daily RSI divergence at the end of wave 5 downtrend. Expect ABC correction or change of trend )))
TSLA EASY SCALPING IDEA (little risky) $$$TSLA is oversold on the RSI, and we may see a lot of buying pressure this week to close the gap we made today. Looking at previous RSI bounces, we bounced off levels 29-30 twice recently, so it is possible we bounce back when the RSI reaches around 29 - 30. Please keep in mind that my outlook on TSLA remains bearish, but it is more likely that we may see bullish price action in the short term
