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Reversaltrading

$ITV - Continuation swing with +10% to +40% upsideTechnical Analysis Price bottomed out 3 weeks ago and the RSI + William %R Price broke out the daily channel last week and has been consolidating above the 1D 50EMA. There is a good zone to buy before a further push above 76 and potentially 90 Price Target Entry: 71-73 Target 1: 76 (+5%) Target 2: 88 (+20%) Analyst Targets: 101 (+40% Financial Metrics High quality as shown by the financial metrics. Undervalued with high upside/growth potential.
LSE:ITVLong
by subtlepapi
GBPUSD Don't BUY too Soon! STRONG Rise Coming.Welcome back! Here's an analysis of this pair! **GBPUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
2
How to Trade Bullish DivergenceAt some point in your trading career, you will hear the term "Divergence Trading". Divergence simply means when the price and indicator are telling the trader two different things. It can be an effective addition to your trading strategy, especially if already using indicators like RSI or MACD to find overbought and oversold levels but should not be replied on by itself and requires practice to get it right. There are two types of Divergence you want to be familiar with: Regular bullish and bearish divergence and Hidden bullish and bearish divergence. In this educational tutorial, I will cover Bullish Divergence. You should note that the appearance of divergence doesn't happen 100% of the time, but when it does, you can use it for additional confluence (extra confirmation) for entering trades. Bullish Divergence Overview: A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend. Notice in this example of GBPCAD, the price was in a downtrend and eventually came to a low at 5494 and rejected the area. The price shows a decline, while the RSI shows the oscillator moving higher. This is an example of regular bullish divergence, as it signaled a potential trend reversal. How to Draw Bullish Divergence You want to draw lines on successive tops and bottoms. Connect the tops and bottoms only, and keep your eyes on the price. If you draw a line connecting two lows on price, you MUST draw a line connecting two lows on the indicator. They have to match! Divergence only exists if the SLOPE of the line connecting the indicator tops/bottoms DIFFERS from the SLOPE of the line connecting the price tops/bottoms. Popular Indicators to Use When Identifying Divergence You can use indicators such as RSI, MACD, CCI, or Stochastic to trade divergence. Your selection in one of these indicators will depend on personal preference. I personally prefer the RSI at a 7 period. If you spot divergence but the price has already reversed and moved in one direction for some time, the divergence should be considered played out. You missed the boat this time. All you can do now is wait for another swing high/low to form and start your divergence search over. What is your favorite way to trade Divergence? Let me know in the comments! Happy Trading! :) - Brian & Kenya, BK FOREX ACADEMY
Education
by BKTradingAcademy
9
DARUSDT bearish butterfly in formationDARUSDT bearish butterfly. The price action is in a confluence with the double bottom formation of BTCUSDT. The Fibonnacci ratios is wonderfully converging with local support and resistence. A Potential Reversal Zone (PRZ) is expected from D point 1.41 Fibonacci extention ratio. Oversold condition for the intraday and hidden bullish divergence on Ehlers' Fisher Transform oscillator (detail in aupdates). Ehlers' Fisher Stochastic Sinewave bullish after price action retrace from 50% to 88.6% Fibonacci Retracement. 14.6% Fibo targeting in conjuction to expected XD leg upward Butterfly extension. That's the perfect scenario for a pullback and I bought a buch of DAR tokens for 1USD. Not a financial advice, only my technical analyses.
Long
by firmestudio
1
A Textbook Reversal Trade on AUDNZDNice break of the local structure level and retest. A reversal trade will never get a perfect than this. Have a look at the minor support level, the way price actions reject this level shows that there is some buying momentum was there and at the same time RSI also show an oversold and divergence suggesting lack of selling pressure. Since all of these confluences are aligned nicely, we can conclude that the possibility of market reversal is much higher at this level. So what happened after that? Price ended up breaking above the local structure level and this is where we placed a long trade as you guys can see, we were able to gain +2.84R from this trade and as a percentage, we were able to gain +1.42% from this trade.
Long
by RevenueTrader
EURJPY False Breakout Resulted in LossLook at the strong uptrend on EURJPY. It is strong and constantly makes a series of higher highs followed by higher lows. Finding a profitable trend reversal in these kinds of strong market conditions is hard and at the same time, it is much riskier as well. Therefore we should be careful in these kinds of market conditions. Now according to the above chart, you can see that the EURJPY was in a strong uptrend and the occurrence of the double top pattern clear shakes the bullish momentum and this is where we got interested in this trade. After the double price was never able to make new higher highs and RSI also shows a massive divergence indicating buyers are losing their momentum. Right after that price ended breaking below the local structure level confirming the market reversal. This is where we placed a short trade and as you guys can see, right after the trade entry, the price ended up moving against us and hit our stop loss for negative -0.5R, in percentage it negative -0.25%.
Short
by RevenueTrader
Momentum Dive Pattern On GBPJPY Shows Strong Selling PressureAt a glance, you can see that this is a breakeven trade and the process we followed to identify this reversal trade is totally identical to the other trades. Even though the process was the same, we cannot expect every trade to work in our favour. In trading, it is all about adapt our self to the randomness of the market. Now have a look at the above chart, first of all, you can see that the GBPJPY was in a strong uptrend. But suddenly a strong bearish momentum followed by a small sideway market indicates a sudden selling pressure that occurred in the market. In trade revenue pro we call this a momentum dive pattern. At the same time the RSI also showing a massive overbought and divergence. This indicate the lack bullish momentum and after identifying all these confluences, the price broke below the local structure level confirming the trend reversal. This was our entry criteria and as you guys can see we just went short upon the breakout and eventually price came back hit the stop loss for breakeven trade.
Short
by RevenueTrader
EURUSD Quick Reversal at the Daily ResistanceAccording to the above chart, you can see that the EURUSD started to slow as the price approached the Daily Resistance level. The Ascending channel shows the lack of bullish momentum around the daily resistance level and RSI overbought and divergence even confirm that the buyers are running out of control and the possibility of the trend is much higher. And finally, as we thought, the price ended up breaking below the local structure level (blue zone) confirming the market reversal. This is our entry trigger and we were ended up placing a short order there, as you can see, the price eventually did push down and hit the take profit for 2.41R. Since we are risking 0.5% per trade, we were able to gain 1.20% on this trade.
Short
by RevenueTrader
1
USD / JPY 119.389 +0.19 % SHORT IDEA * TREND POSSIBLE REVERSALHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / YEN * The PAIR has been trading in a Ascending channel , just tested the roof of this structure after that extending this move with a strong bullish rally towards the upside. - Short term the pair is in a up trend on lower time-frames as we see break aboves even on the 4h chart this. - Looking for short entries on the THE PAIR this week should all the rules of the formation be met, reversal patterns at that looking for any reversal patterns. BREAK ABOVE AND BULLISH MOMENTUM INVALIDATES THE SET UP. SCALLING LOWER HERE'S WHAT WE HAVE lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
US500 4293.4 LONG IDEA + 0.01 % * PRICE ACTION & STRUCTURE RVSL HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT THE US500 INDEX THIS WEEK SWING * The index was trading in a DESCENDING channel but seems the channel is now RUNNING out of steam as we see consolidation at the base of the channel and the formation OF A DOUBLE bottom in the cards. - Short term the index is currently in reversal formation in the form of a possible DOUBLE BOTTOM. - key to the set up will definitely be patience as there is a spike level that could come into play again should we break below. - Looking for LONG entries on the INDEX this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRAD
ULong
by PULEMokhothu