I was looking amazed at this chain of events that have happened on the EURUSD pair. First of all, price reaches a Daily/240min demand zone around 1.2358 (proximal line of the 240min demand level), right when this is happening, there is a great looking serial bullish/positive divergence on the daily chart, which means price had given three lower lows, but the RSI...
Friday brought a bullish price action close with some very sizeable volume for BRX. Momentum is creeping higher, and it looks like this could lead to a nice bounce away from the 50 ema which also happens to have landed at a noticeable support level as well. Not shown, the mac-d histogram has also made higher lows for a few days now indicating that bulls are likely...
EURAUD has been falling last weeks in its 5th wave down-move and after resting for some time it tried to get to the 38.2 retracement of the previous down swing but failed. Marking this failed attempt as the Wave "a", it went down a little bit to summon all its power for a second attempt to get higher but as you can see a nice pin-bar has formed, showing its...
Hello everyone, Another perfect ABCD formation has completed and I'm putting my order as soon as the market opens. The latest top, with a huge wick on, before the market closed sat on the 1.618 extension of the A leg which also was exactly on the 61.8 retracement of the down move from late October. As you can see from RSI, there is a big divergence between the...
Positive MACD divergence, bullish engulfing bar, Renko printing a green brick 3-9 MA crossing positive.
I can see higher high , higher low being created. I am just expecting to continue with the mommentum. Encapsulated within this upmove will be my usual channel divergence setup. I do see a support confluence of channels together with d1 line chart levels, so I can clearly identify my SL risk.
Just noticed this after re-looking on my chart. I bit some fingers cursing not getting into it at 3-4, because 4.50 - 5 is a place the stock traded a long time for and likes that range. But it held the whole market slump and reload quite good...too good. There is a negative divergence on CCI, Other indicators on tops, and earnings looming soon. Also it is closer...
I've formed a new bias on eur/usd - in my opinion it's likely eur/usd is going to retrace after all it has been plummeting since 2014-05-08 and we are also a at a pretty big resistance level (to see that you can squeeze this chart or take a look at the weekly), we now how a possible double bottom with bullish divergence, massive one. So now may be the time...
AD Issues is a GREAT breath indicator. It is still in a downtrend showing a big negative divergence. I dont like this at all
The AUD/JPY daily chart displays consecutive lower highs and lower lows with a potential short setup to continue the visible falling trend (supported also by downward trendline). The current corrective phase seems to be running out of steam in initiation of a potential impulsive phase, with the production of a bearish reversal price bar: - ricocheting off a...
smallish hns pattern at f5 with macd divergence. going for a quick short with 50-70 pips. Anything extra will enter the next phase of bears.
The over all trend has been down, while on the 4hr charts the trend has been up toward the upper bounds of the daily down trend. The short term 30min chart is showing divergence and lessening momentum, as it approaches the upper bounds of the down trend. This divergence, which is indicating a move down, is a good place to enter short, and ride the larger trend...
Please see the linked chart as well. The daily chart shows RSI divergence, indicating a move lower. The 1 hour chart is now showing RSI divergence as well, setting up a nice point to enter. Beware horizontal support at 136.48x, this area is a support/resistance point on both the monthly and weekly chart. A break of this point, and price could move very...
Notes on the chart. Watching price action for exit indication.
not sure if the channel is near completion or not. But macd divergence may suggest the turn is about to peak. I am still looking for trend continuation. With resistance confluence , I am looking for close below 8265 for my trade to run smooth. Although not fully completed, there are signs of h1 channel appearing. Not too sure if the big channel TL will be tested or not.
macd divergence looks a bit awkward but seems to be topping out at the channel near 8045, which is the level to hold until it day closes above.
From larger timeframe I can take a strong bearish week below 3 months low. I am now looking at a neckline retest and there is a channel of sorts with macd divergence from the recent peaks. Price remains below the f6 from the downflow that I have identified. My bias is wrong if it should day CLOSE strongly below the green lines. Spikes are not considered SL for...
My usual channel setup with macd divegence , there is a multi day bear trap flush but I will be waiting for price to drop lower to get a better entry. Trading GBPNZd is tricky because of the larger ATR.