Rsidivergence
Trade Ideas Position: GBPAUD CrabA bearish deep crab pattern type2 setup for a countertrend trade. This round, even better it returns with a double top setup with RSI Divergence. How good is that right?
I will need a further confirmation before I engage this trade. A setup like this will take months to complete.
CADJPY - Short #Forex #ForexTrading #ForexChartWaiting for an entry reason of my own but this could be setting up really nice for a short.
Momentum clearly slowing down with every push after the initial impulse leg.
waiting for a nice entry reason and i will be going short.
RSI divergence clearly at overbought territory
Any questions feel free to ask
GOLD RSI Divergence may end the bullish run XAU/USDClearly visible RSI divregence (purple trend lines) on Gold's daily chart. This may not be the right time to invest in Gold. Correction has 2 targets initially and these are 1486$ and 1454$ relatively.
Due to many people invested on Gold at 1200's and 1300's, once the downtrend will start, these people wouold close their positions and take their profits. As a result, the bearish trend would go steeper.
LENDBTC Retest done now pump is coming buy : 51 52
sell : 5 to 30 %
sl : 5%
only and only closing above 52 else invalidate
Trade Ideas Educator: GBPJPY BatHaving Point C touches Point A, this isn't my favourite bat pattern, hence, I didn't place a pending order nor engage the trade right after.
Having an uptrend channel with an RSI Divergence does give me some temptation in engaging the trade but not as enough as the channel was broken.
I will then wait for a retracement for a shorting opportunity.
NZDUSD - Daily - Beginning of a profitable uptrend?Important test for the NZDUSD. After the first touch and rejection of the support (last minimum of 2015) , price is approaching it again. A further rejection may lead to the beginning of a profitable uptrend.
Analyzing the RSI, breakout @32 level when the rejection occurred, and now it is retesting this level. A further rejection upwards may be the first signal of inversion of the trend. Besides on the 4H TF there's a divergence: lower low for price - high low on RSI.
Entry @0.6276
TP @0.6433
SL @0.6243
R/R 4.9
Trade Ideas Educator: NZDUSD SharkBearish Shark setup at the extreme, I've already shorted the market is because of 3 reasons.
1) RSI Divergence on this setup
2) My Harmonic Pattern Assistance Software spotted this and deem this as valid.
3) Sell Arrow in my system showed up
4) A Pin Bar/ Long shadow candle shows up with a bearish engulfing candle
5) A perfect Rewards: Risk even when the market only touches 1st Target.