Pattern: Channel Down on 1D. Signal: Sell as the price was rejected on the 1D MA50 (blue trend-line) after making a Lower High on the Channel Down. The MACD is starting to reverse. Target: 7.43700 (-0.21% decline from the Lower High). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !!...
1. Completing template 2. Appropriate Volume Move towards goals ...
GBPDKK has moved inside a discending channel. Price created a double bottom before starting an impulse. Now the price is breaking the structure and the channel, after a retrace till the 0.382 fib level is created a new impulse to the upside. At the retest of the structure we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is...
For some reason it won't let me draw trend lines on the RSI band. Looking to play off the bullish divergence established on the daily. There is decent support at the green line, which offers a good risk to reward. The overall trend is still downward, so I only plan to trade within the FIBS and take profits before the .382 or dead cat zone. Even if this range, the...
USDDKK Long Direction: - On the H4 USDDKK was in a Bullish OrderFlow. - It entered the H4/H1 liquidity area. Entry: - W (Double Bottom) Pattern formation on both the H1 & M15 - RSI crossed the Signal Line (Shark-fin) on the H1 & M15, indicating a probable rise in the pair. - RSI was near the 32 on the H1 & M15, indicating the pair was oversold. - I entered once...
Hey there! Very simple setup explained in the chart. This trade has a stupidly high Risk to Reward ratio so we cannot let it pass. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 GBPDKK technically based idea, we can see price is bounce from bottom trend line, strong bulish candels...
Long setup. Entered at orange line. We'll see how volatile Friday is, this trade may extend to next week. We are developing nice bullish divergence on the Weekly.
As we can see from the chart above there are clear signals of buy opportunities: - Two Bullish pin bar after four bearish pin bars - RSI 14 looks almost oversold My suggestion is waiting for a confirmation bullish candle after the bullish pin bar and then going long. A wise decision would be to split the trade into two parts: 1st part: setting a target price...
USDDKK is at a strong resistance level and im expecting a fall to a nearby support zone...…..it is in an uptrend so our tp 1 will be @ 6.85785 Tp 2 and 3 are open
The price is testing again the 1D MA50 (blue line) following a rebound on the Higher Low of the 1M Channel Up (RSI = 54.950, MACD = 0.046, ADX = 37.670, Highs/Lows = 0.0000) it has been trading on since mid 2018. The MACD and RSI on the 1D chart are both waving the same bull flags they did when the price reached previous Higher Lows on the Channel. We treat this...
The pair has been rejected last week on the 4.5000 1W Resistance with the price turning neutral already on the 1D chart (RSI = 52.804, STOCH = 49.660, MACD = 0.020, ADX = 29.748, Highs/Lows = -0.0058). That level, along with the 1W MA200 (orange line) have applied selling pressure for 2 years now. For that reason and due to the RSI also reaching its +1 year...
The pair has come a few points away this week from breaking into the 1M 8.8050 - 8.9550 Resistance Zone, on an extended 1W bullish streak (RSI = 67.077, ADX = 48.241). This level has been holding as a Resistance since November 2016 and rejects the uptrend every time. It is natural to assume that this will happen again especially as the 1W RSI has Double Topped....
As we see in Upward Trend, after correction now we can see double bottom pattern and RSI divergence and decreasing of volume. this reasons is enough to me to enter long now. feel free to ask questions Thank you for reading and leave your comments if you like.
The pair has been on a 1D Channel Up since September (RSI = 54.610, MACD = 0.760, Highs/Lows = 7.6694) which has recently hit the 16.25000 1W Resistance. So far that level has been holding for 10 sessions, indicating strong sell bias. Being also the Higher High of the Channel and since the previous times the 1D RSI has been on similar levels a decline took place,...
Long NOKDKK @ 0.7319; TP @ 0.7465, SL your choice