Just a combination of indies. The faster moving StochRSI can be used a trigger signal for Wave Trend confirmation of Price Action. Interesting to play with settings on different time frames - as always, whatever works for you. Can probably be helpful for binaries from 1M upwards.
Just a tweak on the orginal with clearer bull/bear harami arrows. No suggestion on how you should trade it - it's just an indicator, not a strategy ! For 1m and 2m binaries, it's quite good at picking out next candle, but most with trend . Anyways, nothing to write home about. Trade smart.
Simple harami and doji indicator adapted from Repo32 Candlestick Identifier - a great piece of work and awesome respect to the originator. This script only shows harami and doji for use with Heiken Ashi in above/below comparison to traditional candlestick chart. It leaves a clean chart without too many distractions so you can concentrate on price action. A...
I'm going to have to come up with a better name than Reverse Harmonic Trading. After a Harmonic pattern has hit all its target profits (ie. your late to the game) I look for support and resistance levels plus Candlestick reversal patterns especially after big price movement that's loosing steam. So far so good. Caught 10 pips out of this pullback after the Harami...
I saw this setup where all the target profits of this Bullish Gartley were met but noticed a Double Top pattern forming. I decided to analyze this setup and found Commonality Zones at two different Fibonacci points (78.6%) that were acting as Resistance. Also, I spotted a Harami Candlestick pattern that acted as my sell signal. Overall this trade reached my...
Seeing a bearish harami for GBPAUD on D1 chart. Also, it has hit the flat line of the lower Ichimoku Cloud wall. Coinciding with RBA rate decision on Tues. If there is no rate cut, we ride this for a few hundred pips... 8-) EP: 2.1628 SL: 2.1800 TP: 2.1500
Choosing to short GBPCHF first thing market opens on Monday 5 Oct: - seeing a bearish harami on D1 as well as H4 charts - price is below Ichimoku Cloud - Tenkan-sen may cross the Kijun-Sen below the cloud level these next two days - meaning huge potential for downwards trend - 3 long pin bars but couldn't break upwards - Parabolic SAR, AO indicators point to...
Seeing a bearish Harami on the Daily chart, an opportunity for 200 pips short. EP 186.10, and TP 184.20 level. SL at 188.00 level. Trend is still bearish according to the Ichimoku cloud.
It is about time GBP recovers: - strong Ichimoku Cloud support - Bullish Harami - It has been down for 800 pips, time to recover at least 200-300 pips
- strong cloud Resistance - bearish harami - may continue downwards trend from here
EURCAD could resume its upwards trend as it remains above the Ichimoku cloud. Bullish Harami observed.
Opportunity for a SHORT position: - NFP did not make a breakout - Bearish harami observed But limited downside due to expected strong cloud suport at 0.9675 level. Will short for 50 pips TP.
1. NFP on Friday did not result in a breakout 2. Strong Ichimoku Support at 1.11 level 3. Bullish harami (Day Chart) observed Will Long EURUSD on opening Monday and TP 1.1250 for 100pips.
Canadian dollar strength most likely from the unexpected rally on oil as they are correlated with each other. bias is still bullish, we've got a nice pullback to get in with the uptrend. Will be look closely at price action i.e Hammer,bullish engulfing pattern, doji,morning star if price gets to the 0.618 fib level which is also in confluence with some structure...
As I point out in the chart, MRK is in a very tight consolidation here. With the RSI holding inside of bullish territory after it's recent bounce off the 150EMA it has run into previous resistance. This resistance coincides with a sort of ascending triangle based on the higher-lows it has been making since March '14. This pattern comes to us after a long run up...
Simply put, the Euro has been declining for virtually all of July. Demand has been weak and support levels have been broken time and time again. From my POV, this is the first Bullish RSI divergence on the Daily in quite some time. The divergence came with some interesting PA as well: July 30 and 31 presented two Hammers, followed by a Bullish engulfing pattern....