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MCDONALD'S CORPORATION CEDEAR EACH 24 REP (USD)MM

MCDONALD'S CORPORATION CEDEAR EACH 24 REP (USD)

12.65USDD
0.000.00%
At close at Apr 7, 22:17 GMT
USD
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MCDD trade ideas

MCD 1-Hour analysis to combine with the Daily ChartOn a closer look at the 1-hour chart, we can see that 7-day RSI is already moving up, MACD is just being stupid - cannot make heads or tails out of it. Both indicators are lagging indicators, but could use to confirm a trend. OBV flattened at the bottom, and I can only hope for some volume pickup. If it breaks the $193.16 (1-Day resistance area) then next stop will be $198.64 - this comes from the Fibonacci Retracement from April 2019 until August 2019 (Low to High).
NYSE:MCDLong
by BronzeBull
Daily Chart on MCD suggests a The $193.16 is a strong resistance area, as it is the Fibonacci 78.6% from August 2015 LOW to August 2019 HIGH. If SPY remains strong today it will definitely will help MCD keep on trying to break upwards. 7-Day RSI is at 19, being oversold. MACD curling up. Both are lagging indicators, and have not confirmed any trend yet. But, if we combine the 1-Day chart analysis with the 1-hour chart (and a shorter Fibonacci Retracement period), we can see that if we break over 193.16 area, we will see 198 as the next resistance.
NLong
by BronzeBull
MCD t.a. update +Q4 goalsTaking a look @ MCD price history on the 1WK time frame, labels show a potential pattern correlation of long term uptrends, where the EMA21 level acts as a major support at least 1x before the uptrend reverses. Doesn't mean that it's 100% going to happen again but historically patterns do have a tendency to repeat themselves, and the current price action is just coming out of that critical EMA21 support area. Worth noting, since the idea further supports current trade set up from previous MCD post, but more importantly, this will be great to use as a reference during post-trade review. *Side note/Q4 goals update. My Q4 focus is to build & reinforce a really strong foundation/core of my trading profile, using the fundamentals that are absolutely critical to long term success as a trader. Everyone has their own strategies, but If you are taking the time to read trade ideas like this then I'm sure you can relate to how important research and studying are when aspiring to become a trader at the professional level. Everyone says they want to be a trader, but it seems like very few are actually willing put in the hard work required to get there. This is an insanely complex occupation to pursue, but at the same time such an incredible opportunity as a career choice. I look forward to re-reading quarterly updates like this 1 year, 5 years, 10 years, etc from now & measuring the progress. I see so many great ideas flowing through the tradingview feed on a daily basis, and every trading experience just helps refine and improve trading efficiency. Big thanks to those that contribute quality content on a regular basis. Just happy & grateful to be a part of it all. Wishing everyone the best of luck in Q4, see you in the green at New Years
NLong
by gaaragaara
Analysis of McDonalds 23.10.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 198.80 • Take Profit Level: 195.00 (380 pips) If the price rebound from the support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 202.20 • Take Profit Level: 203.00 (80 pips) USDCHF A possible short position in the breakdown of the level 0.9835 USDJPY A possible short position in the breakdown of the level 108.20 EURUSD A possible short position in the breakdown of the level 1.1110 GBPUSD A possible short position in the breakdown of the level 1.2830
X
by PaxForex
McDONALDS 1D BULLISH WEDGEWedges are repeatable trading chart patterns. Wedges are a form of Triangle chart pattern and will have a specific directional breakout bias. A descending wedge has a bullish long breakout bias. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NLong
by Tradingstrategyguides
McDonald’s: Where to buy for a long term investment.MCD (McDonald’s Corporation) has been trading within a very strong 1M Channel Up (RSI = 70.206, MACD = 17.720, Highs/Lows = 10.6514), which as seen by its technical action is on the Higher High zone. Based on its historic volatility within the Channel Up, we expect MCD to pull back for a Higher Low towards 190 before resuming the uptrend. A potential Death Cross (MA50 under MA200) should come as confirmation of a sideways phase (bottom is in) and a Golden Cross (MA50 over MA200) as confirmation of the next bullish leg. The RSI pattern seems to also be cyclical and in that sense we have hit the Higher High and are in anticipation of the Higher Low. Our long term Target is at least 240.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
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by InvestingScope