RSR - 4H Bearish DivergenceRSR has shown incredible positive price action in the last days, skyrocketing from ~$0.005 to $0.01 in a matter of a week.
I was expecting a tiny correction from $0.008 area but instead price jumped ~20% up.
Higher highs on RSR price did not follow with the same pattern on RSI and MACD, making me believe that a small price correction vis-a-vis negative outlook on public markets, cyrptocurrencies in general and overall geopolitics.
Opened a short in area $0.0096, targeting $0.0092 and below. Trade cautiously as the token is experiencing positive traction and lot of speculation.
Divergence
EURUSD New SETUP (Divergence) 😎Hello, this is my trading setup🤞
As you can see, the AUD/USD currency pair has a positive correlation with this currency pair. Below you can see the downward divergence. The price has hit a 4-hour block order, we are waiting to collect enough liquidity and return the price to these two red order blocks. If you like this type of trading analysis, don't forget to comment and like👍❤
GOODLUUCK🐱🏍
RSR - Short -bearish divergence short termRSR has been experiencing very strong buying momentum over the course of the past days, galvanized by the upcoming mainnet launch at beginning of October.
Price action has been generating higher highs, reaching top of >0.0085.
RSI and MACD have been crunching lower highs instead, suggesting we might experience a bearish divergence which can push prices lower in the short term.
Please note that the token might experience high volatility given the mainnet launch as market will follow the old adage, buy the rumour sell the news.
Would position with a short, but with tight stop loss
Fri 30th September 2022 Daily Forex Charts : 7x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 7x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a EUR/JPY Buy, EUR/USD Buy, GBP/AUD Buy, GBP/JPY Buy, GBP/NZD Buy, GBP/USD Buy & NZD/CAD. A few of these are high risk and there is obviously a lot of correlation on the GBP pairs, so be aware of risk % per trade and overall risk. Enjoy the day all. Cheers. Jim
$APRN Looking Expensive. Elliot-wave + RSI DivergenceDoing wave tracing and it seems we are about to hit the third leg of the Elliot correction wave Considering how steep our A wave was, it may get very bloody. From an RSI divergence standpoint, we also look like we could be in for a decent retracement off the recent gains.
BTC Short Squeeze spotted-CVD and Order Flow for the win!BTC Short squeeze spotted-CVD and Order Flow for the win! (Long Trade!)
Why it's important to be able to read order flow and CVD. So many youtubers get super bearish at support and super bullish at resistance.
I show you how I spotted the short squeeze before it happened and my reasons for entering a long trade on BTC
Not Financial Advice. DYOR. Papertrade before trading with real money.
Hope you have a profitable trading day!
Shawn
Gold Monthly Divergence at Equal HighsWhat is the probability of this market going down? I would say much higher than going up for the months to come.
Monthly divergence at equal highs with MACD remaining below the zero line is a very strong reversal pattern especially on the higher timeframes as the monthly chart.
I am not saying it is the same as the pattern 10 years ago but it is quite similar and I am anticipating this one to move lower in the months to come.
ES could catch a bounceA few factors in this trade:
✅ Friday showed a nice bounce off the 3853 support level
✅ Bullish divergence on the MACD and RSI daily charts demonstrating seller exhaustion
✅ Wonky inverse head and shoulders and descending triangle could play out.
Two price targets on this one with a defined stop at 3842 (giving that 3853 level some room to breathe). Hoping we can get up to fill the Weekly gap on the futures charts, create another lower high, and continue with the macro downtrend.
$AAPL beautiful swing call setup with low riskThis might be one of the best long trade setups out there right now. I will post my analysis this evening; I hope in the meantime you can study the chart to see some indicator clues for yourself.
*** Strong bullish view is valid only if XBI closes over 86, AAPL closes over 152.60 (ideally 153), and SPX closes over 3915 (ideally 3930). Yes, I want all 3 conditions to be met.