Divergences - (All Pairs)

eurcad pa became messy while eur took high, nzd aud cad made some good rejections dxy needs some bullish form 4h below, eur strong against all but chf, euraud got good form t/l break A- entry setup 15m 1h diver, stop to high to take now, d1 solid but rejected zone, could keep going up, will have to watch crosses for signs

bailed on this 1, pa to messy, euraud eurnzd setting up, also eye on nzdcad started diverging lower t/f they might setup next week its at the bottom of channel, cad looking strong, more interestingly is my usd exotic crosses, usdsek and some others usdsek being more juicier from here the 1st zone up is 6500p or 7%, to top 19000p or 20% roughly not sure about to top, pip value is similar to gold, it respects divergences, keeping eye on it and dxy

nzdcad h4 usdsek d1 charts

Dxy d1

lemme give a golden hint.
Trading divergences is highly remunerative, if u set up correclty.
to detect them more efficently looking at the close can mislead. the system needs TWO RSI.
for clearly notice HIGH DIV, first RSI has to be on high setting.
2nd one, for LOW DIV, has to be on low setting.
See the difference in your balance.

agree, u have to add layers to the signal for better precision, where is price when the divergence shows? in a strong/weak zone? no mans land - mid trend, against a strong/weak s/r level or strong/weak trend line, are lower time frames diverging as well, whats happening with the selected currencies are they showing strength, weakness, exhaustion or are technical reversals forming, what are the fundamental drivers, etc, if u cant understand things like this most signals and patterns are weak, the thing with divergences at just about every high or low your see a divergence in 1 of the time frames, they are the bull and bear eaters, or i like to call the lord of the signals

ive run the divergence through many simulations, tried a few indicators and settings, found the o.g rsi works best for me

i like to see different opinions, threads open to any instrument, thanks to the creator

Example RSI settings for what you describe?

some correlating divergences showing up in nzd and cad crosses, cadjpy looks alright, that 4th wave can fly though very dangerous and with the oil fundi, waiting for market to settle down a bit

nzdcad 4h chart

nzdcad looks to be flagging possibly m15
h4 m15 nzdcad charts

Yep


of course for lows parameter needs to be applied on low.

in this way are more clear the local extreme prices and in consequence eventual divergences.

my template for detect div looks like this

nzdjpy 1h, good form but entry missed, always be another trade, nzd aud eur gbp all reacting to jpy cad a bit behind chf still strong as ever, usd dxy seemed to react to the 1d divergence not sure if its in yet majors reacting, im thinking might be some more room up usd crosses(usd bear) in some time, usdjpy 1d bottom doesnt look very strong maybe some jpy strength possible in the future, could also be usd jpy chf bull and bear flow into eur gbp nzd aud cad

EURUSD
potentially diverging on daily, planning to long dollar against eur and chf. thanks to correlation these two pairs go almost specular. Love it

gbpnzd in a zone, more room down forming, stretches down for around 100 pips, 1h diverging
h4 1h chart

nzd tanking, quick chart 1h

euraud 4h 10ish min to close, diverge into flag into 15m diverge, retest high and rejected forming double top 1h, dt could be in nearing 15m support

double top taken sl hit in red finally, thats good i kinda hoped it did, was on a green roll for to long, might setup next week see what happens, will analyze market sometime before open

losses are almost better then winners, improves your skill set, find the mistake and fix it or them

eurusd diver formed end of week think its already played out with the terrible news, eurgbp forming, gbp strength or eur weakness, cant get a good read on audnzd w1 looks bullish aud, both eur and gbp cross aud nzd made that kicker 4th wave still diverging

eurusd 15m, eurgbp 1h, euraud 1h, charts

eurusd finally closed gap, need some solid candles in eurgbp h4 diverge to slow eur bull otherwise continuation, in a decent d1 zone, h4 rsi level is quite high for divergence to cancel out, h1 h4 still open nothing solid yet, aud nzd early forming across some majors could signal risk reversal here if plays out, pa looks a bit confused across majors imo

eurgbp waves were quite messy thought it may go up some still, some fresh highs against usd crosses, watching nzdcad pierced its 4h zone will have to watch for crosses form, maybe ive missed it already, usdcad having a bearish battle, close to fresh highs eurcad as well could develop something d1 techs looking good, maybe eur will go down, will have to monitor dxy looking for fresh lows usdjpy as well, some thoughts

eurgbp nzdcad h4

eurcad and nzdcad, diverge in eurcad could get taken 1h might have to zoom in if theres form in 15m, will keep monitoring, correlations still bit messy eur and cad, best to let play out unless some power candles show up, nzdcad looks the more formulated

eurcad nice pin here d1 hasnt closed yet, lets see 20 mins

next day update, despite the news and it taking highs, it made a cleaner looking setup in both eurcad nzdcad, maybe got the waves wrong and possibly can continue up, lets see what happens