AUDCHF Potential Bullish Movement
we are waiting for a momentum candle close above 0.6659 to buy this one
1- Regular Bullish Divergence on MACD (in red)
2- Objective Channel (in blue)
3- Support Zone from Daily
Three confluences are enough to consider Buying AUDCHF, after a break below 0.6659 (in gray)
We have 4 hour 3-drive bullish divergence currently. Green and red boxes are liquid zones.
With all these targets, we have to take them level by level.
Target 1 is 8500
Target 2 is 8700
Target 3 is 8900. A daily close above 8900 will create a higher high on the daily timeframe, if this happens then we will likely retest weekly horizontal resistance at 9500. A...
EURGBP is in a perfect situation to go Long.... here is why.
This pair has been falling since August 11th (more than 3 months). And now is touching a strong support for the 4th time.
Added to this, a Market Maker Strategy (MAAW Pattern) is completing its formation with a big Bullish divergence.
If we use a fibonacci extension we can find a perfect goal on the...
BTC SHOWING SELLING EXHAUSTION ON RSI AND MAC D AND POTENTIAL DOUBLE BOTTOM. WE STILL HAVE SOME HOURS TO GO TILL THE DAILY CLOSE BUT LOOKING PRETTY GOOD SO FAR FOR A GOOD LOWER RISK ENTRY FOR A BOUNCE.
Bearish divergence = Higher highs on price, lower highs on indicators - Weak signal in bull markets, but usually happen before a trend change (especially along with a volume spike)
Bullish divergence = Lower lows on price, higher lows on indicators - Strong signal in bull markets; usually followed by continuation of the bullish trend
Nothing works all the...
We can clearly see the touch on the resistance and a clear rejection with the bearish closed candlestick (I am looking at my broker's chart which is a bit more accurate compared to this SAXO BANK). We can also see that the bearish (red candlestick) is bigger than the green which indicates a bearish engulfing pattern and therefor a reversal.
!!Another sign is...
WHY I TOOK THIS LONG TRADE
1. Divergence between Price and MACD Histogram
2. MACD holding at STOCHASTIC 20 level
3. Price retraced to 38.2% Fib then made new low
4. Price held the -23.6% Fib
5. Price held previous support level
6. Morning Star reversal candle pattern
7. Entry next candle open after #6 pattern
8. SL below swing low
Continued analysis from:
If AUD is not able to rebound above the white line and finds support, expect AUD to go back down towards the lower blue trendline, possibly finding support above the 0.9 SGD psychological and VPVR level.
If AUD manages to break back above the white trendline...
Hey everyone, as we can see we are at the top of the channel that we have and we are expecting the drop to the bottom of the channel on the daily time frame. We have a clear divergence leading to the downside as clear indicator that we should be correct. Good luck to everyone and follow me for more ideas like this!
ADABTC showed a nice push in the past few days approaching the regional resistance at 547 that prevented the coin’s ascent for the past 6 months!
I Broken, HAHA! Sky is the limit as you can see in the chart.
Currently the Bullish divergence that was confinrmed in 23 Dec 2019 is kicking now. The coin is on its way to the 1.618 of the move, showing signs of...
We can clearly see that we are in an oversold position and we could not break the strong support level. We have a bearish divergence on that support level which might be an indication of a strong short sign.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make...
Enter trade between 1/14-1/15. Please see the chart annotation, which provides notes on trade setup and trading plan. I bought these puts for $2.67 on Jan. 13. Will hold puts for $215 target as long as stock closes back below yellow trend line on chart, or until my stop loss is triggered. FB earnings are at the end of this month. I am expecting a pullback due...