GBPAUD: Potential TCT with Hidden Divergence Not too much on the radar this morning, but there are a few Trend Continuation Opportunities that interest me, one being here on the GBPAUD.
This opportunity not only features a pullback into our previous outside return, but Hidden Divergence on the RSI which is a positive sign when looking for a continuation.
Hiddendivergence
EURJPY - Correction to 114H4 Chart has a hidden bearish divergence with prices currently at 115.50
H1 Chart has a bearish divergence pointing to a correction to 114.00
D1 Chart almost 5 days of strong bullish momentum, so a pull back is quite likely
Short positions targeting 114.0 (Counter trend)
Trade Invalidation
H4 Bullish close above 115.50.
Alternately, look for long positions off 114.00
SP500 TRIPLE TOP, HIDDEN BEARISH DIV LONGER TERM OUTLOOKwhy did we test 2100? your short stops were there and citadel punched them the fuck out. reflexive rebound should be over unless we breakout to the upside for whatever reason. this should mark the beginning of the drawn-out, fundamental sell off.
in summation:
- hidden bearish divergence
- MACD rolling over
- bad economic data rolling out slowly but surely (energy junk bonds defaulting at highest rate on record)
- REMEMBER: the econ data is the strongest at the END of the business cycle
i swing trade levered ETFs on an intermediate time horizon for that daily compounding on the trend. not to say we cant hit 2100 again, but any move above it should be used for de-risking. i'm short when the 12EMA closes under the 36
Potential Bullish Bat Pattern on USDJPYUSDJPY
The market is currently ranging. This often provides great opportunities for harmonic pattern traders.
Bat Pattern completing at 112.43
Taking a Long position
Minor Support
RSI oversold
Hidden Divergence (Bullish)
Target 1: 113.25
Target 2: 113.73
Stoploss 111.78
UJ CYPHER ( STRUCTURE + EMA)Hey traders! I have got all the reasons to long this pair at the completion. First of all let us look left for a second and identify the structure support which is just at the completion level which gives us pretty much confidence that price MIGHT reverse from there, Also if you look at the RSI we have already a bullish hidden divergence . EMA crossed over and will also act as support after it completes . Expecting a reversal to 118.362 first and then to 118.541.
I have also a similar setup in audjpy. Cheers.
NZDJPY BEARISH BAT ( STRUCTURE + EMA)Hey traders! We have a potential bearish Bat pattern @ 76.500. Expecting a short reversal to 38.2% atleast of CD leg. Price action trading below the EMA and RSI shown Hidden bearish divergence already. Price action also reaching the structure resistance, looking to test.
EURNZD TCT ( RSI HIDDEN BULLISH DIVERGENCE + STRUCTURE)Hey there guys! Since I have a sell setup in NZDUSD at CMP, I am looking to buy EURNZD. The price action coming back to previous structure zone. Making a correction after the impulse leg. I am expecting an upside move from the structure zone area to touch the retest of the impulse. Price acton also trading above the EMA's thus indicating a bullish bias. We also see a RSI hidden bullish divergence formation.
Patterns Setup - Be Careful here! Short Before FED CRD - H&S G ood Morning Everyone!
A few setups here, all in one. ( H&S Already Completed! )
Short to 120.600's be careful here, not to let the interest rate discussion get in the way of you trade!
Try to close all orders before the decision! Hmm maybe you could catch some pips here :) ?
Hidden divergence, on both indicators. Which tell us ( Hey Buddy, Something Fishy Going On here Pay Attention?! )
- / Reversal Signal!
( Some people like to describe this as a 'weaken in trend ')
Rising wedge is in Yo' Face too!
All the best in your trading!
CharlieFX
GBPUSD: A TCT Short Opportunity Using Structure & RSIA lot on my radar today guys, but this is the only only non-advanced pattern opportunity that I'm watching. I'm looking for a chance to get short on the GBPUSD as price action comes back to retest previous structure support. We also have some hidden divergence which was created during the pullback which we can also use when building our case for entries.
Also thanks for all of the feedback on yesterday's question about when i should do my daily periscope video. The majority of the traders said before my live trading room begins, so I'm going to give it a try and see how it goes. If you're not on periscope don't worry, i record them and share them on my youtube page as well.
Akil Stokes
Chief Currency Analyst 4 Head Trading Coach
www.TradeEmpowered.com
BEARISH EURGBP 1 Hour: Bullish BAT pattern at marketNov 12 2015: BEARISH EURGBP 1 Hour: Bullish BAT pattern at market
(Analysis Based on 1 hour chart)
Observations
1 Short term down channel
2. RSI oversold at swing low
3. Price at down channel mid-line
4.BAT at pattern at market
5. RSI hidden divergence
6. RSI regular divergence
NOTE: Wait for price action to confirm the importance of these levels.
If you find this information useful. Please hit the LIKE button.
GBPUSD 1 Hour: Hidden Divergence ExampleWe don't talk about this too much in outside of the 12WT because many traders have a hard enough time wrapping their heads around regular divergence, but here's a crystal clear example of the "Hidden Divergence" that some of you have heard me mention before.
Akil Stokes
Chief Currency Analyst & Trading Coach
www.TradeEmpowered.com
SPX500: Hidden Divergence (4 HR) !!!UPDATE #2: Stopped out with small loss.
UPDATE #1: Trade is active now.
Hello Traders,
Here we have a hidden BEARISH divergence that is giving us a nice shorting opportunity with very little stop loss and potential of high reward. The analysis is pretty simple, market is making LHs and LLs, signifying the continuation of the downward trend. Market has retraced back near the previous LH and due to the hidden divergence we do not have to risk a lot on this trade, which is why the stop loss is placed just above the recent lower high created by the market. See the chart for more details.
Note: The trade is NOT active yet. Pending orders have been placed.
Please feel free to AGREE or DISAGREE with this idea. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
A Potential Buy Opportunity On GBPUSD At Potential Cypher CompleAfter the complletion of the Bat Pattern last week, bears came crushing the bulls. However, the momentum of the selling pressure is decreasing shown by the colour differentiation in the candlesticks. This potential bullish trade does provide a lot in terms of technicals:
1. There is a hidden divergence in place which indicates a trend continuation.
2. A potential bullish Cypher Pattern.
3. Support zone, price came testing this structure zone, then resistance turned into support now, prior to the break through by bulls indicated by the yellow squares labelled 1,2,3.At 2 bulls were not even aloud to test the resistance level.
4. Prior to the Cypher Pattern there will be a potential bullish AB=CD pattern, However, where I will be interested in this trade is at the bullish Cypher Pattern completion.
# HAPPYTRADING