D1 - Price respecting downtrend line and alternative trend line.
Currently the price has reached the downtrend line, we may now expect the price to respect this trend line again and move lower.
H1 - Price broke below the uptrend line, we may now look for pullbacks and sells.
Invalidation: If the price moves higher and breaks above the D1 downtrend line then...
D1 - Price respecting the uptrend line, bullish divergence. Price has also reached the bottom trend line of the bearish channel.
H4 - Bullish divergence.
H1 - Bullish divergence, we can go long with the breakout of the downtrend line.
There's a bullish pennant that's ready to complete on the daily. There are some nice bullish confluences:
Strong weekly ascending channel
50 EMA is above the 200 and the 50 has been acting as support
No bearish divergence on the ultimate oscillator
Looks like the monthly pivot is being tested for support
I'd like to see a bullish T/K cross with...
D1 - Price respecting downtrend line so far. We may expect the price to respect this dynamic resistance again and if it respects, we may expect it to move lower. Hidden bearish divergence has turned into continuing bearish divergence.
H4 - Bearish divergence, perfect uptrend line. We may start looking for sells with the breakout of this uptrend line.
Note: False...
W1 - Double wave up, second leg is at 161.8 fibo level. Bearish divergence has formed. We may expect a reversal to happen from here.
H4 - Price respected the uptrend line and broke below the last low. We may now expect pullbacks in the form of double wave up and then we can look for sells.
As long as the high at 137.50 holds, we may look for bearish evidences...
GVT has been stable lately. Bollinger Bands is very narrow which indicates that big movement is coming up. Stock RSI and CCI may indicate that bullish signal may also be coming in the near future. 21000 level is the first target according to fibonacci tracements. 32000 level is middle term target.
Since I am not a pro member, I can not put more than 3 indicators...
H4 - Bearish convergence, double wave correction, price broke below the uptrend line and is moving lower.
H1 - Double wave up with bearish divergence price broke below the uptrend line, We have a big double wave down and the second leg of this double wave has broken below the 100 fibo level. A flat correction has happened, price broke below the bottom of this...
We can clearly see Pennant pattern building on ripple, Since the volume is giving the bullish sign and trend says so as well, will go up probably , the question is when. We should look for a break above resistance signals that the previous advance has resumed. If in case goes bearish , look for a break below support signals that the previous decline has...
Price getting close to reaching its ascending trendline, & is approaching a strong level or support. Will be see a break or bounce?! I'm anticipating a bounce.. but time will tell
Price is back at its daily uptrend line / Daily support. Watch price action during London session to see whether price will break or bounce from the decision point it is at now.
After price rejected its daily uptrend line & 50 fibonacci level, my projection is a rebound back to the upside. But a break & retest of that trend line could give us a break to the downside. Lets see
0verbought.. Due for a retracement & higher low on the daily time frame. Price rejected at strong daily resistance I believe price will go to 1 for uptrend line
EURUSD - Long / Short Opportunity
1W Timeframe
Week Trade #2
This week looking for a BUY / SELL opportunity for this pair for a total target of 282 pips.
With the Pivot Point @ 1.1945 and holding above the critical 1.1915 level:
Phase 1 Tentative:
BUY Entry Market Order @ 1.1960
T/P @ 1.2085
Believe price could go as high as 1.2140 but will take T/P at above...
NZDUSD Long probability > 0.7500
Showing support @ 50% Fib Retracement Level having formed a Hammer.
Firm Break and Hold above Weekly Candle @ 0.7300 signals positive probability up to 0.7500
Likely range of interest > 0.7410 to 0.7500
High volatility should be expected w/upcoming Parliamentary Elections
Suggested strategy: Wait for clear break & hold above...
EURUSD - Watch levels
4H to 1D/2D
Current Consolidation phase near 1.1900 levels
Firm break below 1.1860 possible signal to 1.1823, followed by 1.1780
Firm break above 1.1920 possible retest of 1.2000
R3 1.2000 R2 1.1965 R1 1.1920
S1 1.1860 S2 1.1820 S3 1.1785
* Personal analysis only. Please use your own rules and strategies prior to entering market.
**...
W1 - Bearish cycle completed.
D1 - Good up trend line has formed.
H4 - Price broke above the range and is still holding
H1 - We had two false breaks. We will be applying the double trend line breakout principle here. After the breakout of the first trend line wait for the double wave correction to complete itself and go short with the breakout of the most...
