Trading RSI Divergences LIKE A BOSS (I may have failed you)Get your copy of the Free Heiken Ashi Algo Oscillator
I'm not going to lie. There is WAYYY too much technical stuff to type up in this for you guys. its best if you watch the video. Always Always Always ask questions below. I am always more than happy to show you what's what.
This is some UPPER LEVEL STUFF in this video and i know a lot of you won't fully understand it but i want you to understand what it is that you DON'T KNOW about.
Unless you know these things, you won't know what questions to ask about. So here we go. Let's get into it.
Trading the RSI Divergence like a BOSS
After the RSI Divergence is found:
On the chart: (KEYS)
1 = last HH
2 = current HH
3 = 1st HH Closing Price
4 = Confirmation of candle closing BELOW 1HH close price
5 = Find your targets
6 = Pinpoint any target with multiple confirmations
Steps to take:
1. See last Highest High
2. Draw a line across the last Highest High close price.
3. Confirm second HH is higher price but lower RSI value.
Now wait....
4. Wait for candle to close below price of step (2)
5. Enter SHORT if (Heiken Ashi Candle is closing RED)
6. Your 50ema is Take Profile #1 (Set it up)
7. Your swing high is your stop loss
8. What does the RSI Formula tell you? Is it in the positive? So what! Use the same numbers but trade SHORT. Yep, that what i said, TRADE IT IN REVERSE! This is Take Profit #2
9. Do the Fibonacci trick to confirm which is closer (tp 1 or tp2)
10. Look left for the most recent area of Liquidity. It's a candle with a long wick up or down where price reverses sharply.
11. Scan the Algo for a price level WITH volume. You have found your target. Adjust your take profit and walk away.
Rsidivergences
NDX, do want to rain ur Parade BUT DIVER is clear & dangerous!Since Covid's low on 3H chart, we got 7%, 8% and 12% pullbacks after such divergences. It only happened
3 times though not a big sample YET be nimble guys out there & REMEMBER shorting tops is where money
is lost and is the most dangerous thing a trader can do according to stats.
GBPUSD-Weekly Market Analysis-Nov21,Wk2I'm waiting for a double bottom to complete at 1.3446 for a buying opportunity, as long as it never breaks and closes below 1.3419, it will be alright for me to head in for a buying opportunity.
I'm into this double bottom trading opportunity, partly is because on the daily chart the market is showing a sideway bounce setup, and this is 1 of my favourite trading setup.
✅EOSUSDT +45%💥✅This trade is made taking into account the RSI divergence shown in the chart. Price went down while RSI is going Up. Our Target Price is close to 6.8, with a +45% profit.
Play safe, Use only 2% of your available capital.
Overview: Euro is weakness agains the Pound in Daily timeframeHello guys, I bring you this interesting analysis of Euro/Sterling Pound, in Daily timeframe, we see a bearish divegence that this mean that the bullish trend is weakness and the trend could be experiment a change soon, in that case is a change of bearish trend. But for it, we need to read fundamentals and analysis.
