st4gflation

st4gflation

To around 1400 at least. Blue 20MA, black 50MA, green 100MA, all acting as support on base of bull flag continuation. Measured move indicated in green. Also divergence on MACD histogram.

st4gflation

$EURUSD 4hr - possibly a bullish channel. Momentum needs to be maintained to avoid forming third drive of bearish divergence on MACD histogram. If price is rejected off the trendline, support by the blue 20MA and black 50MA will be the next tests for momentum.

st4gflation

A study of the MACD shows bullish and bearish possibilities for this ascending wedge on price. Most range breakouts fail, most rising wedges break down. There is a lot of bulluish divergence though. A couple of options for how to play either direction.

st4gflation

Going short on GBPUSD. Daily channel test on a 1hr & 4hr ascending broadening wedge, MACD divergence, bearish candle formation entry. Going to attempt to swing this one to midline of channel or 1.21.