- Price is currently moving in an triangle - The ascending (triangle) trendline is being supported by a round number and Fib retr. EMA‘s might indicate a bearish movement in the future but the bullish supporting criteria is is strong - EMA‘s could end up losing it‘s force
Broken trendline and recent structure! EMA 200,36, recent structure are acting as a resistance + we got nice rejection candle. The risk on this trade is small because we are on D1/W1 structure, overall D1 formation looks promising. It is also a hedge form GBP/JPY and GBP/CHF long. Nothing fancy isn't it? Looks like it will be breakeven month :) A lot of ups and...
Broken trendline EMA 200 acting as a S/R, horizontal S/R as well We have also resistance trendline Rejection candles in place
STR/BTC crossing EMA50 in hourly chart and at the same time MFI crosses above 40 ... is it a new pump and dump. Brain storming ... please tell me your thoughts
I always wait for for the price to cross above EMA50 and at the same time it has to be supported by volume. Money flow Index (MFI) is one of the best indicators to see the flow of positive money to the market.
Alcoa's stock, that has been rising since july from $30 to approximately $47, it's showing a strong negative divergence on the MACD indicator, signaling that the current trend is coming to an end.It would be advisable to think on opening a short position and bet on a correction, but not before the price break through the 50-day EMA line, that would be the final...
Watch carefully the price, if the price of silver goes below the support ( white ) line, then you could start selling. If it hits it and you see green candles forming, then it won't keep going down, and you could go bullish. Basically, if goes below the support line and breaks it, then short, otherwise you can stay bullish. Just watch carefully. From my point of...
The 4 hour closes in 3 minutes and the 10 day and 30 day EMAs are crossing. If it holds the current price, the new 4 hour candle is going to open above both EMAs as they are crossing up. There is also a bullish divergence happening with price and Stoch
This chart shows that this coin is not much different from the rest of coins. It is correlated with most of them and follows the same trend. I marked with yellowish rectangle nice price action with solid spike which was hold by GAP from daily chart for 3 consequential days. Pair never managed to go above this level for one full day. Currently it is trading below...
There is almost perfect ABCD patter on EURUSD 4H chart. Pair bounced from the strong support around 1.1660. Fridays NFP wasn't good for dollar as far as I can tell. My Profit target is just below GAP which was created Sunday two weeks ago. I marked the other GAP from the last week which rejected pair 4th of October(C). There are three important things which...
I marked GAP from daily chart. It seems like that the pair is treating this place as a good support(we can see nice combination of 200ema and GAP). USDCAD is still in bearish trend and I expect that the trend will continue and the lowest low may be challenged.
Based on recent price action I think it is good idea to consider buying some of them. We have 200 ema acting as strong support pushing pair towards north, triple bottom, GAP which may hold any drops and huge bullish candle on the Daily chart. I marked similar formation with Yellowish rectangle which may suggest similar price action in future I would set first...
Waiting for bounce off 50ema and breakout of the channel towards the daily rad @ 90.45 (161.8 fib) We have Candlestix Gr4d on daily WEEKLY WE HAVE 123 PATTERN NOT CLOSED ABOVE '2' YET DALIY CANDLE CLOSED UNDER GAP AND FILLED NOW AS SUPPORT WAITING FOR EMA TOUCH BREAK OF CHANNEL AND PRICE TOWARDS 161.8 AND CLOSED ABOVE 2 ON WEEKLY CANDLES M,W,D,4HR ALL ABOVE...
I marked on the chart 3 GAPS based on Daily chart . Two blue ones are recent and the yellow one is older then 1 year. First thing we can see here is how 200ema rejected pair multiple times during the last 30 days. See eclipses on the chart. 18th of September we have very strong movement and pair with ease went through 200EMA and all three GAPS. GAPs are not very...
Another one as you can see the pair is moving to retest a major level which is a good opportunity to go long.. RSI is heading south to overbought area, also .50% fibo retracement smack at the support area , and EMA 50 is getting close to the price as you know this moving average is a dynamic support and resistance . If you want to take the trade from this levels...
The EURGBP is trying to get back to the level of the 200 EMA Due to traders getting their profits, it seems the start a retracement. According to the theory, it will make the last move down to get back to the level of this 200 EMA. Check the 4H chart to see the best point to enter. When a full candle is under the 14 EMA line.
I'm still pretty bullish for this particular pair. Story so far... Pair bounced from 8500 and hang for some time above 10k then moved quickly above lower GAP reached first our goal which was 22k then moved back a little and rested above 200ema and on the bottom of the GAP to gain some strength to move higher. Target for this pair is still 0.00560000. Another...
Price close to approaching strong monthly support level. Price could rebound from there or break though bringing more downside. Price also near 200 EMA which could act as a potential support area as well. Will watch for a breakout of downtrend line on the 4H & wait for a bullish engulfing to consider taking this long. Will be watching price action for now! : )