Bearishdivergence
EURCHF: Bearish Skart at ResistanceIf you ignore the wick we got on the 22nd, we have a near perfect looking Bearish Shark on the 4 Hour with the PCZ lining up with the top of the Daily Range and some 4 Hour RSI Bearish Divergence.
I think it could later setup to be a Bullish 5-0 where it would Bullishly Continue up after making a 50%-61.8% Retrace from Low to High.
My Journey for USDCHF [SELL]Helloo....My Dragon Friends.
i see Still HOLD at the resistance dan have another clue (Rising Wedge and Bearish Divergence).
Big Trend Still Sideways.
Sell USDCHF at 1.0000-1.0090
SL at 1.0100 (risk 100 pips)
TP1 at 0.9750 (Reward 250 pips)
TP2 at 0.9700 (Reward 300 pips)
TP3 at 0.9625 (Reward 375 pips)
Lets See
Happy Trading
Happy Hunting Profit
Watch Ur Money Management and Risk Management
Disclaimer On
Mon 10th October 2022 EUR/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/CAD Sell. Enjoy the day all. Cheers. Jim
Bearish divergence and extremely overbought TA is a LIE there's absolutely no reason why XRP going up. Please don't destroy my short.
It's a dinosaur dead coin with poor fundamentals. Doesn't have smart contracts, after more than 10 years. Mostly hyped up by early investors. People predict on internet this coin will 1000x and eat all other crypto. 1500 tps poor.
If this stuff pumps then TA is a f... scam!
BTC situation!BTC was in a butterfly pattern.That means the Price has showed us a Bearish Sign. There is also a Regular Bearish Divergence (RD-) On MACD Which is a Sign For Bearish movement.
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Thank you for seeing idea .
Have a nice day and Good luck
NZDJPY Short Term Sell Idea Delivered 200 Pips Move!!!In NZDJPY short term sell idea post, I mentioned that "Price is bouncing lower from a key resistance zone on the H4 chart, in addition to this we also had a bearish divergence and lower lows based on the MACD indicator. On the H1 chart, we had a bearish trend pattern so until the key resistance zone holds, my plan here is to sell pullbacks in the short term".
The price action followed my analysis and moved as per the plan here. The pullback that I was looking for happened and then the price moved lower further and has delivered 200+ pips move!
Note: Currently we have a bullish divergence in play, so if you are still involved in the sells then this is a good place to consider managing your trade and secure your profits (cash out or partial cash out or trailing protections or partial hedge, etc.. depending on the strategy that you work with).
Original Idea
LUNCBUSD: Bearish Shark with RSI Weakness at 50% RetracementLUNC is currently trading between the 88.6% and 1.13% Range of the Pattern Completion Zone and is also at a 50% Retrace from High to Low. At the sametime the MACD and RSI are Bearishly Diverging but what i'm paying the most attention to here is the RSI Trendline that seems to be forming some kind of Bearish Dragon which if it breaks will most likely be the start of a Bearish Retrace to lower levels. I will have two targets here. The first target will be for LUNC to take back Half of the Harmonic and the Second target will be a 100% Recovery of the Harmonic. If we take back 50% i will take 50% off the trade and buy more LUNC with 50% of the profits and if it tak4es back 100% i will close off the remainign half of my shorts and use 50% of that to buy more LUNC.