Price has held high for 20 bars without progressing the bullish trend
Bearish bias because Macd crossed below Red signal line heading towards zero line
Sell Stop @ 111.95
1st Sell TP @ 111.65
2nd Sell TP @ 111.30
3rd Sell TP @ 111.03
Find your SL
Close trade if Macd crosses above Red signal line
For British pound and Australian dollar pair on one hour timeframe we can see Ascending triangle . The pair has recently reached its lower low on the four hour timeframe and it’s made its way to the upper side of lower heigh We are waiting for a break out from a resistance level which is located by 1.8475 once we see a breakout and a retest then we may look for...
Step #1: Plot on your chart the 20 and 50 EMA
The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA.
Most standard trading platform come with default moving average indicators. It should not be a problem to locate...
Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point.
This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business.
The first rule of thumb to recognize a swing high on the MACD...
Pair is in a range
Price bounced off bottom
Price may move through range and retest top of range
Buy Limit @ 1.3338
Buy Stop @ 1.3353
1st Buy Take Profit @ 1.3370
2nd Take profit @ 1.3399
3rd Buy Take Profit @ 1.3438
SL 10 pips below range bottom
Watch Macd for direction
Void trade if range bottom is broken
A ballzy trade so risk less than usual here if you're not familiar with my style.
I expect a continuation of uptrend on the short term. So I open a long here and aim for 148ish with trailing stop following the green line.
Price is in between the 50 sma and the 100 sma
If price drops below the 50 sma in less than 8 bars
Then Sell Stop @124.49
Sell Take Profit @ 124.00
If Price stays above the 50 sma for over 10 bars
Then Buy Stop @ 124.95
Buy Take Profit @ 125.30
SL 20 pips below or above 50 sma
depending of a sell or buy
Watch Macd for direction
FX:GBPCAD The price is on the 61.8% fibo retracement, GBP strength index is lower than CAD strength index and RSI line is being maintained in oversold. The price could reach 61.8xa to complete a gartley harmonic pattern or continue dropping to 161.8 fibo extension of second wave and 78.6xa fibonacci retracement