If anyone likes to trade off of the 200 sma this is a good trade to take, this is the first time price has closed below the 200 sma for a long time. We can watch the upcoming week and see if price retests and bounces down, or if price retests and shoots up through it for a bull run. Either way this is definitely something I will be watching heavily this upcoming...
I can see two scenarios playing out with FCEL: 1) The stock is sitting on the 200EMA and tested it July 3,5, and 8th (Today). Seems to want to stay above it. So, either it will lay flat in this area (.72-.68) or it will drop (possibly gap) back down to the .54 area. The 3 day trend would imply that could happen, unless from the 3rd forward is a Pennant. In which...
As you can see the market moves over the 200-MA and it is respecting the trendlines. We recommend to find some buy opportunities on the trendline! Best wishes!
As you can see price is currently at the 200 EMA and in a downtrend. As you can see in the past price respected the 200 EMA. These 3 factors combined give me a sell signal, for our stoploss we double the current value of the ATR, at 180 pip stoploss. For our take profit we are aiming for the recent swing low. stoploss and take profit can be trailed.
#Bitcoin is currently moving between the 7950 and 7650 range using the 55MA and 200MA as Support and Resistance zones on the 4 hour #BTCUSD chart. Trading this range until confirmation of a breakout.
BTC getting hit with a pullback at the moment. So far we have bounced at the 200 Day MA, which has acted as support since all the way back on Feb. 8th of this year. If it holds, will reevaluate next move up. Not very confident that we hold here. If the 200 MA doesn't hold here look for a test of the $6500 area which was recently flipped from Resistance to Support....
- Bear Trap just under the falling wedge support - Rejected prices under 200 Day MA - Good Volume Came in on Bull Break and retest to confirm support Intermediate targets for me is 39-42 Sats, if that is broken the next level is around 50-52 Sats.
BTC/USD need a pullback to cool off after a nice rally from 4000$ to 7500$. The reason why BTC was pumped hard is simple,traders all time shorted BTC and the whales liquidated this positions. BTC/USD now just hitted the first long term 0.236 fib resistance line which is at 7104$ and also the candle closed below this resistance line(bearish sign)+we have a huugeee...
Watch for a potential correction and long opportunity off the 200 MA on 4 hr to break high of "A" potentially extending up into the zone (but not in a straight line of course). Refer to my daily swing pattern, as the short is my main idea...
First, acknowledgement to Trading Shot post (linked below) which influenced me on some of my 50/200 MA calculations and understanding (and hopes!): Thank you Trading Shot Factors I'm watching: LTC as a leading indicator - which I've been doing for about 2 years. Standard Fib ratios. .618 my favorite and coincides with red TA line (discussed below). I...
200 EMA has acted as major support for the last 18 + months. The 200 EMA finally gets broken late 2018. IMO this was due to a sell off of high P/E stocks and banking royal commission commentary.The 200 EMA was looking to break back through just before CEO steps down. This resulted in a retracemet and a range bound channel formation. Conclusion: High probability...
USDMXN is finding support at 200MA and support Trendline also we have MACD showing bullish divergence.
Anticipating a close of $10-$11.50 by Friday or Sooner.
Over the previous night and through the morning here in the US, the EUR/CAD has given 4 amazing trade entries on the 15-minute timeframe. Just thought I should share this and show y'all some great 2-Bar Reversal entry examples!
We are at a 5000-5700 resistance level. This coincides with Weelky 50 MA (yellow) and the top band of Weekly 21 period BB with standard deviation 3.2. Also weekly RSI just closed at 60. I believe this is a first sign of the upcoming bullrun, but looking back at the previous prica action at these conditions I think we need to retest the Weekly 200 MA (green) one...
the "X" wave made a slightly lower high off 200 MA on daily, keeping the swing pattern still valid. Looking at the weekly, should AU continue correcting down, there should still be an uptrend in place and therefore another buy opportunity. Optimal entry for sell was off the 200 MA going off pattern and 4 hour divergence.
GBPAUD is approaching the daily 200 MA at roughly 1.8040/1.8060 - This is also the 50% FIB retracement. The pair are in a descending wedge pattern which is indicating a reversal, the RSI has also formed a descending wedge. Entry for a buy at 1.8060 with a stop loss below the moving average at 1.7980 Target area of 1.8500 which is the 78% FIB Potentially 400-500...
The 200 MA has acted as support since it flipped from resistance back on Feb. 8th. Will be looking for this correction to come down and test the 200 MA again. I am using the 200 MA on the 4HR and 1D charts at the moment.