On the 1-hour XAUUSD chart, a divergence pattern has emerged indicating a likely bullish trend reversal. Our trading strategy involves waiting for confirmation through a breakout above the recent higher low (HL) before entering a long position.
On the hourly timeframe, the market is displaying a bearish trend with no divergence observed, indicating a likely continuation of this trend. A bearish flag pattern has formed, supporting the continuation of the downward movement.
To confirm the bearish continuation, it is prudent to wait for a break below the pole of the bearish flag. This breakout will...
The current market trend is exhibiting bullish momentum, supported by a continuation pattern. Notably, there are no signs of divergence, which further reinforces the bullish sentiment. A bullish flag pattern has formed, indicating a potential continuation of the upward movement.
To capitalize on this trend, a buy stop order is recommended at 71,894. This ensures...
In the one-hour timeframe for FLOKI/USD, we're observing the formation of a bearish flag pattern. Concurrently, RSI analysis reveals no signs of divergence, reinforcing the likelihood of the current downward trend continuing. This alignment between the bearish flag pattern and the absence of divergence in RSI suggests a higher probability of further downside...
BTCUSD is printing LH and LL in an hourly time frame. Taking the bearing into account, we will use support and resistance to enter the market; if S2 breaks, we will then enter the trade.
