Selling EURCAD based on the trendThis pair is on a downtrend.
The EURCAD has hit OB on M15.
There is divergence on the charts.
Looking to protect at 1.3455 or hold until it falls further.
Rsi_divergence
Oil Pumping levels again from 08 beware…. Just look at the RSI it fell that much but on the graph chart it only fell a little compared to the previous dip on the RSI chart & graph chart.
LONDON, June 30 (Reuters) - OPEC+ said on Thursday it would stick to its planned oil output hikes in August but avoided discussing policy from September onwards even as prices have risen on tight global supplies and worries that the group has little ability to pump more crude.
Thursday's meeting of the group that includes Saudi Arabia, Russia and other major oil producers was held days before U.S. President Joe Biden travels to the Middle East, including Riyadh where he is expected to press the kingdom for more oil.
At its last gathering on June 2, OPEC+ decided to increase output each month by 648,000 barrels per day (bpd) in July and August, up from a previous plan to add 432,000 bpd per month.
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Washington welcomed the June 2 decision for a faster production rise, following months of Western calls for more oil from OPEC+, which includes the Organization of the Petroleum Exporting Countries.
Oil prices rocketed to their highest levels since 2008, climbing above $139 a barrel in March, after the United States and Europe imposed sanctions on Russia over its invasion of Ukraine, which Moscow calls a "special military operation".
Prices have slipped since then but were still above $115 on Thursday because of tight supplies and concerns that OPEC states had little extra capacity to raise output swiftly. Analysts said those fears outweighed worries about an economic downturn.
"Supply scarcity fears outweigh recessionary fears. Globally, we are running on extremely thin spare capacity," said Ehsan Khoman from MUFG bank said.
"OPEC+ is mulling firing its last crude production bullets as it runs out of capacity to pump more, whilst refining capacity for oil products ... which drives the real economy, has declined markedly," he said.
#usdchf long4h logarithmic time-frame:
after a heavy fall, price starts to create a corrective compression moving pattern inside a downtrend channel.
we can detect bunch of RD+ divergence(bullish divergence) in many indicators such as MACD and RSI.
due to DXY and Gold prices we wait for breaking up the channel.
DOTUSDTHi (:
A positive divergence of the RSA and a break of the downtrend line can cause an uptrend, right?
If the $ 6.54 price range is maintained, I will open a buy trade on this range.
It would be great if you would also share your thoughts with us.
Buying BTC slightly above 20,000BTC has been hammered but there is a lot of buying interest now.
This is the 3rd week it has found support at the 18,000 - 20,000 area and we feel this will be a big move upwards.
M15, M30 and H1 is oversold.
There is nice divergence in M15.
Time to finally BUY BTC!
Shorting AUDNZD now based on harmonics and RSIThis is a counter trend.
However I see this as being overbought on every timeframe.
Looking for a quick counter trend for about 50 pips and then go long again.
Bitcoin Future PredictionBINANCE:BTCUSD
Three Bearish Divergence will lead BTC to under 10K
2022 will be the bear market
2023 can see a uptrend
2024 pullback
2025 will be the Bull Run where BTC will cross ATH
2026 200K - 300K
First GOLD trade - why are we buying it nowGold is approaching good support.
We see support at 1800 to 1820.
There is a nice divergence and a double bottom in M15.
Targeting the high of yesterday for the first target.
A chance to sell EURCHF for 80 pipsThe pair is in a Downtrend.
M15 and M30 is overbought with divergence.
The only danger is the H4 double bottom which is also at the week low
However the trend is so bearish that we will take this with a tight stop loss of 30 pips.
Road to $16.500 of BitcoinEven though we are already in a falling channel, we are about to complete the clearly ascending wedge formation.
We are currently receiving rejection from the 200 hour exponential moving average and have tested the upper band of our ascending channel 4 times, the next test will probably be the lower band which has just been touched once.
Considering the Stochastic Relative Strength Index, the decline seems inevitable.
Following the trend with AUDJPYAll risky assets have been sold off since last night and I am seeing a consolidation now.
Awaiting a final test of the 94.15 - 94.20 zone to buy this pair.
Following the trend and aiming for 95.
Selling AUDUSD Based on structure and divergence AUDUSD is still in a downtrend.
Monday's high was at 0.6999.
We are now seeing a lower high at 0.6978 with M15 double top and divergence.
Stop loss of 40 for a reward of 70 + pips.
Long term buy on GBPUSDGBPUSD is trending on a solid support, on the weekly chart, we will search for buy setups using Elliot Waves, Fib extensions (from many points of view) and Fib retracements.
We will also discuss the emotions of traders, where the sellers could start getting exhausted, and taking their profits so we can see the market bouncing.
Divergence comes at the end to confirm my trade.
Be careful, long-term trading needs a serious risk management, the stop loss is never close.
Don't consider the buy order at the end of the video, the recording run out of time and i couldn't explain the entry precisely.
This video is in Arabic language (Lebanese), I can start making english videos if you traders on tradingview are interested in my ideas.
Thankyou,
Joe
BTC is oversold. We are going to see BOUNCE BACK soon!!!Hello Everyone,
I was trying to make an analysis for possible bounce from last 1 week but was not able to get any glimpse on it. But, Today, after 1D candle closing, i see something which is saying few things.
*We are experiencing strong drop over the last few weeks. We can clearly see Bitcoin is now oversold levels. Daily and as well as in Weekly. we are looking at such low value of RSI after very long time.
* RSI value in 1W chart is 12.56. (Just check the chart to see RSI value. When was this number last seen?)
*As we can see on the chart that Bitcoin is trying to make support by sideways consolidation pattern in 4H and 1H timeframe. In 1D and 1W, BTC is oversold. We may see a little pump soon. But, aware!!! we are not out of bear market. I am expecting more downwards trend in upcoming days and we may touch the level of 16K.
*This is a short analysis for BTC which is showing a smart bounce very soon. Also, today is Saturday and we are closing 1W candle soon which is testing 250MA support . so bounce is expected.
Kindly manage your risk accordingly and never forget to put stop-loss while trading. Its really important in such bear market. HAPPY TRADING!!!
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Sell the HS for 500 pipsFirstly the market is super bearish.
We see a double top on M15 in HSI to sell at 21100.
Trend is down on H1 and H4.
BTC-USDT(W Pattern With bullish 4 hourly divergence)In my opinion 4 hourly divergence enough to push bitcion price to 23k area again,and complete this(W)..Risk reward ratio 1:2.5
The level to short AUDUSD is 0.7025The trend for AUDUSD is down on H4 and D1.
The price inside the moving average of H4.
M15, M30 and H1 is all overbought.
Waiting for a double top to sell.
There are also two harmonic patterns happening at this zone.
BTC-USDT(Falling wedge formation,with bullish rsi divergence)I think will see move to upside..Risk reward ratio 1:3
ETHUSDTHI Guys!
According to breaking 1418$ price the corrective scenario is canceled!
SO its not a correction but a descending trend!
it will form 5 descending waves and it has made 3 of them.
at the end of wave 3 we can trade on wave 4 :)
BTCUSDT 1HR WK # 24If 20500 gets broken(with conviction i.e red vector with high vol and large spread) expect lower prices post fomc
AVAXUSDTVery clean template being completed.
Should the vision go according to the scenario? If we go according to the scenario, we can have an interesting deal.
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