A potential DT is forming now and it is encapsulated within a flattish channel. This channel has a macd divergence as well. However I do not wish to take action only after the DT is formed. By then SL pip risk will be about 200 pips. Looking for retest at 4371 is more feasible and allows pip risk to be minimized. Tp1 at neckline Tp2 will be lower if this DT materializes.
5 weeks of uptrend, I am going to play dumb and follow the weekly trend. Last week did not seem to have any bearish impulse move for me, and I have found d1 line chart support at 9597. There is a 8 day bull flag channel. A pity i do not have h1 access, as there is also macd price divergence which convinces me this channel is meant for future upthrust. i will also...
week to week cadjpy registers a higher high and has been trending up for the past 5 weeks. I do not wish to try to pick the top. Instead I look to continue to trade with the trend. Right now there is channel forming , sort of like a bull flag. There is also a price macd divergence so I am looking forward to see a subsequent up move. In the blue circle, I am...
week to week is down and this week I am just loking for a retracement from a downflow and look to get into short. I have a day line chart resistance and will be looking for a divergence setup to go short. I hope price continues to trend as per last 10 weeks. A small divergence is observed but the price peak is rather flat at the moment.
See notes on chart. Black lines are the bullish divergence. I purchased 3 Jan 77.5 calls. Price is beginning to pull back to the trendline for a better entry. Buying picks up as price approaches the support line. Volume is beginning to increase as price moves up.
Very noticeable bullish momentum divergence occurring at support for VNTV. Monday brought a price action close for resuming the uptrend. A pin bar on high volume today should confirm that this level should hold, and price should look to retest its next resistance level.
Bullish Piercing Candle at support on above average volume at channel support with momentum divergence. We had a higher low recorded on the MACD histogram as well. I am looking for HAL to retest its next resistance level at $70. With stop losses below the low of Friday the trade gives you a 1.5R.
Volume Spike on Friday at support brought a pin bar like candle on extremely noticeable momentum divergence. I would look to get long at the closing price of Friday; however, the more conservative trade would be to wait for a break of Friday's high or even a close above that price. I would look for a retest of the first major resistance level around $37 - profit...
on monday GBP gapped down, and hence for EURGBP suddenly it spiked up. This happened to almost complete a 4 point ED channel. I am looking to short this on close below a 2 weeks flat high, sort of a bull trap. Still believe EUR is weak and shorting EG is with the trend imo. RSI shows divergence as well. If price cab go beyond 7889 first TP, then will look to hold...
Kiwi is also in a down trend. I am not that comfortable with the divergence drawn on the RSI, but the trend seems to be pretty strong. A break on the upside of this little range could get the price back to the channel's main line, while a break bellow would signal another drop for the NZD. So still short on medium term here, also...
still believing in this short. Previous position not SL yet, and currently new channel has appeared which shows h1 divergence as well. there is a sort of channel within channel, but the real move can only come if it clears ~ 87.12 .Adding on shorts at higher positions.
This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a...
the usual stuff, i see h1 channel , divergence and a break above previous day high. I am gg for TP level at a f6 level, and a stop below recent low. Just playing off on NZD weakness
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
Risk: 0,2% Reward: 3.2% R/R ratio: 16
on the h4 timeframe, I can see a possible right shoulder being formed and I will be keen to reenter on the downtrend via the hns formation. on h1, I will be relying on my usual channel setup, and looking for it break. I am happy when i see h1 divergence appearing. So far I have been short, then long and now short. Perhaps I have been playing all legs of NZDJPY and...
EXPE is extended in price with a moderate divergence in the RSI. Most bearish is the rising wedge with price nearing its apex. Sell stop at 86.89 and a stop loss at 88.54. Target is 82.89.