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Rsi_divergence

USDJPY - Weak Divergence + Potential H&S @ M Resistance - MTFA*** Trade at your own risk! *** *** Not every idea is also traded by us *** Hi Traders! In the following you'll see a Multiple Timeframe Analysis. It includes a screenshot and afterwards some bullet points. Monthly TF: - We had an Uptrend - Followed by an Triangle (Continuation) Pattern - The market broke out of the Trendline and made a bullish movement - Now, it reached the monthly Resistance - Down-Movement expected - Up movement in the Future is possible after the Down-Movement which would be the Pullback then --> Down-Movement expected Weekly TF: - We can see the Up-Movements with its higher Highs and higher Lows - It built some weekly Support Levels throughout its journey - Now reached the monthly Resistance - Down-Movement expected towards a Support (also possible to not reach any weekly supports. In this case it would turn the down-movement anywhere and would make a higher Low) --> Down-Movement expected Daily TF: - We here can see a potential Head & Shoulders Pattern --> Trend Change - We also see a weak bearish Divergence if we look at the RSI Oscillator --> Down-Movement expected H4-TF: - Trading Possibility: Wait for the next Pullback to enter H1 TF: - How can a Pullback occur? --> Potentiall when TL breaks If you have any questions, another POV or anything else to share, feel free to do so! Thanks and successful Trading :-)!
Short
by swissmoneymakers
XAUUSD bullish shark pattern approved by RSIHi everyone, I'm happy to present you my first idea posted on this platform. It consist in a buy setup on gold based purely on advanced technical analysis Considering the fact that this bullish harmonic(shark) was formed within the bullish trend: it is highly probable that price will form an other leg up straight away to ,at least, 1814 lvl which is 618 fibonacci. Moreover after noticing that RSI confirm this pattern and looking at the bullish candlestick pattern (pinbar) I guess second entry(when moving average cross bullish) is safer but the first entry can give a higher Risk:Reward ratio It is wise to choose one of these opportunity, or even taking both after keeping in minds the elements enonced above
OANDA:XAUUSDLong
by TheParisian
12
IP | Falling Wedge Reversal| MFI Divergence | Elliott 4th Wave?IP | Thailand SET Market | Price Action Trading | Elliott Wave Tracing Chart Pattern: entering Falling Wedge Reversal Pattern Price Action: Downtrend area of consolidation Entry Position: Buy on BREAKOUT of FALLING WEDGE Indicator: > MFI - Money Flow Divergence - Banker accumulation phase > RSI - Sideway up below 50 > MACD - Golden cross below baseline 0 Trust SYSTEM & INDICATOR | Never panic trade Trade affordable RISK | Ratio 3:1 Always respect STOP-LOSS Good Luck
SET:IPLong
by dukeposh
USDINR Bounce Incoming!USDINR has been bouncing off a long rising trendline since early 2021, and in fact has seen what you could reasonably call a clear uptrend on the larger timeframes since 2008. On the 12H chart and virtually all lower timeframes we're seeing oversold RSI reading, either with strong divergence (higher RSI, lower price) or flattening RSI with lower price, pointing to the current corrective wave coming to an end shortly. We've just seen price dipping in to enter the area of support representing our long trendline and seen an immediate bounce, and we have strong horizontal support just below current price. I think price will find support from buyers in this area and a significant move to the upside is imminent. This is not financial advice, you are responsible for your own trading decisions. Drop and like and follow if you enjoy the idea! Leave your thoughts in the comments below!
ULong
by HayeTrading