Presented is the 4 hr chart. Looking for a sell entry based off price action with RSI and MACD technical confirmation. We saw a bull breakout bar with a key resistance rejection following an exhausted bull trend. Based off price action rules a longer full pivot waiting period is occurring along the key resistance (explained on the chart) I will wait for a bearish...
CCI divergence favors some move down in price. 38.2% retracement of upmove Nov 11 - Dec 3-4 is at ~~ 1.201, which may be a good first target. But if price demands also want a small wave 5 up, where small wave 1 began early Nov., and if little w5 up is at least as big as w1, another good target could be ~~~ 1.24 (fib > 224%) or a fib 314% target ~~...
This is my trade plan for EURNZD for next week Dec 14 -18 based on HTF analysis. Trades will be executed according to my trading rules: 1- Momentum 2- HTF close with momentum direction 3- 1H close below/above previous candle in momentum direction 4- Targets for 1H recent support/resistance Please refer to the Daily outlook for further HTF outlook. e
This is an update to Daily outlook on EURNZD. - Dec 10 Daily candle bearish close below Dec 4 bullish candle confirms bearish momentum continuation after retracement from Dec 1. - A retest of 1.698x zone is viable to complete triangle of love formation and continuation of the bearish trend - A break and support creation above 1.7340 level (Resistance Zone)...
Finding strong support on the 1 hour at 138.300 with a consolidating pivot. MACD and signal made a smooth cross and heading towards 0 line to push upward momentum. TP 1 at 139.800 and wait for retest to continuation. Please let me know your thoughts and ideas. Thank you!
We were stuck in the trading channel last week between 1.63000 and 1.64000. I have pinpointed my strong buy sentiment on the charts. All very clear indications that the pair should continue towards top resistance and possibly breach to retest a new top resistance before reversal (most likely right at a whole number :) ). On the contrary we could see a...
Looking too retest 1.127300 with this momentum. Sentiment will increase with a full macd cross down through signal to create lower low. Nice setup to follow this trend.
AMT Weekly: The weekly shows a rejection candle that went up to -1 ATR, a point of reversal the last couple of weeks that often resulted in a pullback to the 21 EMA. MACD Histogram is ticking up, although EFI is hanging around its EMA and not showing much strenght yet. Stochastic RSI is bullish and its %D line is rising. Daily: There is a nice triple...
Ethereum was into this descendent triangle and then, was broke down in the past hours and right now it's make a pull back to then, continue the drop toward these 2 levels: $520 USD and $490 USD as point to take profit. Now, very important it's to understand the key price action in Daily chart. Because the past candlestick was complete bearish and that show an...
FX:EURNZD This is a summary of the trade opportunities during this week according to my Trade Rules: 1- Momentum 2- HTF close with momentum direction 3- 1H close above previous candle in momentum direction 4- Targets for TP points from Week Outlook Please refer to week outlook :
Moving Average Convergence Divergence Type of Indicator: Lagging Indicator -Data used in MACD is based on the historical price action of the stock. Since it is based on historical data, it must necessarily “lag” the price. Consist of 3 components 1) MACD Line FORMULA: EMA 12-EMA 26 2) Signal Line FORMULA: 9-day EMA of MACD Line 3) MACD Histogram: FORMULA: MACD...
LONG NEXO - BULLISH MACD CROSSOVER UPTRENDING TRADING RANGE
Monthly uptrend From 2009 Weekly Uptrend with divergency by RSI D aily I will open only from 140 SL 129 TP 170 RR 2.2
We were previously breaching RSI oversold zone. JPY is picking up strength and I expect a retest of 123.000. Also looking for the MACD to make a full cross down on signal with this next candle close out to confirm downward momentum.
I do not see anything that is going to intercept NZD’s momentum. We can be confident that finding buying points within the support of the presented channel is safe until we see a significant break out of the channel. Current indicators are playing out for a buy. I place an early buy prior to the MACD signal cross. Do not take blindly and place entry points along...