AUDUSD is nearing the PRZ of a bearish shark in a S/R zone that is confluent with the a bearish Wolfe Wave setup. 200 EMA and SMA may add resistance in this area. To add to bearish bias, this pair has been in a strong downtrend and this would give us an opportunity to ride it down to the .886 fib if price should reach the PRZ. Entry is placed at the shark...
Price zone at red box under monitoring to see how price react at that price zone. All EMA's 10,50 & 200 shown that CRUDE OIL (WTI) in down trend. Oil price are unlikely to move significantly on news from World Climate Change Conference at Paris since there no immediate action to reduce demand and current oversupply is drowning out other market signal. The...
- Breakout retest - Price is at structure - Rejection off the 50 EMA - Continuation
Short set up/entry reasoned from: - high test bar close - resistance at ~2.1470 - trend line resistance (4th test) - rejection around 50 ema - 50% retracement and close below - oscillator bearish hidden divergence entry - below low of high test bar stop loss - above high of high test bar target - at previous low or lower (after break of and close below previous low)
This simple algorithm uses Exponential Moving Averages of the S&P 500's Relative Strength Index to trigger buy/sell and short/cover signals on a daily chart. I've backtested the algorithm for SPY (1994-present), SPX (1981-present), SPX500 (1971-present), and it beats the S&P 500 in every occasion. The algorithm cannot correctly time every single crash or...
This S&P 500 timing model is comprised of 2 components: 1) A 10-period (50 days) Exponential Moving Average (EMA) and 40-period (200 days) EMA are plotted on the weekly chart of the S&P 500. When EMA10 crosses from above to below EMA40, a sell signal is generated. When EMA10 crosses from below to above EMA40, a buy signal is generated. 2) A 10-period (50 days)...
Confluences: 1/ trend 2/ 50 ema bounce 3/ doji 4/ deceleration 5/ fib play 61.8% 6/ Bullish MACD 7/ 2.145 as support Took this trade last thursday ( Sept 17 ) but again because of this pullback today, 400 pips are still on the table, 170 pips are currently in profit. I see this pair go to 2.20
0.7225 stands out clearly as a level on the EUR/GBP daily chart where price, it seems, is reacting in a bullish manner today. By day's end, should price close above this level, continuing bullish momentum could ensue. Evidently, this horizontal level, 50 ema and 50% retracement are acting as coalescent support. On the contrary, a close below 0.7225 may have price...
1. EUR/USD EUR/USD rebuffed the ~1.1430 resistance area, the fourth time this year, and the 200 ema closing on Friday as a bearish engulfing bar. A ranging pattern between 1.1430 and 1.0820 is quite apparent. Although it can be argued that signs of an up trend are noticeable since July 2015, a retest of price at the previous low at 1.1080 or trend line in the...
Price has pulled back into the declining trend line (on both the weekly and daily chart) where today's bearish engulfing bar is looking to close below the 100 ema. Encountering resistance in the 1170 - 1180 area, price could ricochet off this rejection zone giving short continuation entry on Gold (XAU/USD). entry - below today's engulfing bar stop loss - above...
Head and shoulders breakdown, riding on 200 ema, and Accumulation/Distribution indicator riding its trendline
Confluences: 1/ with the recent formed downtrend 2/ Broke TL + retest 3/ Tested the 130.000 weekly resistance 4/ Bounced of the 50% fib. 5/ high test, followed by inside bar set up, followed by another high test 6/ 50 & 60 EMA's bounce
Technical Confluence: 1. Long-term bullish trend-line now acting as new resistance 2. Bearish rejection of trend-line connecting lower swing highs 3. Rejection of key 1.55 S/R level 4. Rejection of 50 EMA 5. High-Test Candle Fundamental Confluence: 1. GBP Manufacturing PMI came in at 51.4 vs a 52.6 forecast. The UK economy is now hovering above the important...
Price came up to the 38.2 fib the 61EMA and horizontal resistance. Entering a quick short, if any of the resistance is broken I will exit.
A signal in the macd for a short position. Bears have taken power and now theirs potential for a downtrend on the daily. We will see as the week progresses for any bearish evidence and follow it using the hourly.
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well. KEEP IT SIMPLE TRADE LEVELS
USD/SGD Confluence: 1. 50/60 - 200/250 EMA Crossover in January 2015 indicated a major transition in market sentiment. 2. Measuring the entire symmetrical triangle breakout leg from Summer 2014 to the highs at 1.39 which marked the end of the Quarter 1 of 2015, we can see the .5 - .618 Fibonacci retracement lies at 1.32- 1.30 3. 1.32 was the peak of the...
A successive cycle imitating the 3 drives pattern is in formation on the EUR/GBP 4 hour timeframe. Stochastic divergence, usually leading to a deeper pull back in a trend, has given the following confluence for the resumption of an in trend phase to the downside with price pulling back into: resistance at 0.7290; 50 and 20 ema; 0.618 Fibonacci level (very...