YELLOW METAL FORMING BEARISH RSI DIVERGENCE 4HR CHARTS!Have a look at the related links for indepth analysis for XAUUSD pair.
the pair seems to be headed towards the ascending weekly trendline which lies at around 1270.00 level. Tonight's FOMC meeting results will probably decide the fate of this pair and we will wait to see if the H&S pattern will be completed or not. i am already SHORT on GOLD will my TP target lying at 1267.00 level. have a look at the related links for trade entries details. cheers
Rsidivergence
EURNZD Bulls Taking Charge!Analysis
-EURNZD looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers brought it back up above support before the daily candle close.
-The price action resulted in a pinbar setup AT SUPPORT which is a bullish sign.
-On the 1H time frame, price just broke a bearish trendline to the upside.
-There is also bullish RSI divergence on the 1H time frame which further eludes to price possibly moving higher in the coming days.
-The reward/risk is good for the setup (given the distance between daily S/R levels)
Entry, Stops and Targets
-Long Entry: 1.6471 (Enter long after price pulls back, never chase a trade)
-Stop Loss: 1.6404 (Set stop below the daily reversal candle)
-Take Profit: 1.6605 (Set target at a minimum of 2 times your stop depending on entry)
= 2R
*Trade Safe and at your own discretion!*
USD/CAD - Possible LONG entry for a bounce or bullish breakout.Looking for a bounce at this very heavy support, also a bullish divergence on 4H.
1st target will be a little bit after CAM R4.
If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
#QLC Adam & Eve bottomQLC Chain have here a perfect setup for 8 - 20% potential on 1h TF
- Adam & Eve bottom
- Bullish Pennant
- Hidden Bullish Divergence Inside Bullish Pennant
QLC is consolidating above 0.5 channel of pitchfork inside a pennant, flirting with 0.382 fibo and eager to go up with all this structures.
Possible Downtrend Continuation (Retest)We have the following factors:
H1 Rising Wedge (blue lines) + RSI Divergence
Good Price Reversal Zone
61.8 Fib Retracement
Wait for:
+ Clear PA confirmation in between the green dotted lines
+ Uptrend breakout
*otherwise I wouldn't advice taking this trade
Comments and Questions are Welcome!
Cheers!
GBPJPY STRONG SUPPORT CHANNEL AND HIDDEN DIVERGENCE Strong support channel from last 15+ days , tested multiple time now price came and stopped and consolidating on strong support channel, i can also see hidden strong divergence on same support channel which is tested for the 5th time and past 15+ day
BCHSV UptrendHi friends! Welcome to Poop's Wyckoff Analysis on $BCHSV.
BCHSV is showing signs of a textbook Wyckoff Reaccumulation.
What we have seen so far?
-There was a pause on a prior uptrend. The prior uptrend was backed by strong volume.
-There was a case build for a new uptrend, a 6 weeks of consolidation within the re-accumulation trading range.
-RSI divergence supports this observation.
The bullish trend is about to resume.
The projected move is around 90% from its current price level.
That's it friends, I looking forward for your comments on this .
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Wychoff Poop Trader