Why is this setup good? -Contextual uptrend -Momentum building on MACD 12-26 -First reaction (contraction) since MACD crossover -Trigger Candle testing EMA 3, 50 and 100 -Low Setup Risk - just 1.62% in risk Entry rules: -Buy Stop order or Manual Buy at 43.14 at the next interval(candle) open -Cancel the order at the end of the day if 43.14 does not get...
All long-looking indicators point to silver being undervalued vs gold. Top chart shows silver candlesticks vs gold red line as percentage returns since 1998. Middle indicator is the Trader's Dynamic Index (TDI) which holds a combination of moving average, volatility and momentum trends. Bottom indicator is the infamous Gold:Silver ratio. Silver is sitting on top...
Great long opportunity with a tight stop loss. As soon the stop loss is triggered the trade becomes a short and will revert to the mean.
The previous support is now a resistance, we breack this, the next target is 0,318
USDCAD reversed from Weekly ascending channel's resistance (yellow channel) around 1.3665 last days of 2018 and had 6 days of aggressive selling It is consolidating for last 6 days 4 of last 6 candles were very weak bullish candles and couldn't go above on last bearish candle so the selling pressure is still high there are 2 options to trade this setup : 1)...
It appears that once again the price was dumped into the psychological level: 1.8650 (in the midst of large fundamental talks) before price rallied 250 PIPS to the upside & potentially wiping out many traders short profits on the day. The price action is as clear as can be and for as long as the pair trades above 1.9208 (weekly SUPP) then I expect buyers to...
Explaining why I took this position
Why is this setup good? -Contextual uptrend -Price continues moving in the direction of main trend since it bounced at longterm support EMA (200) -Momentum building on MACD 12-26 -First reaction (contraction) since MACD crossover -Trigger Candle testing EMA 3, 6, 18, 50 -Good Risk-Reward ratio ~ 5.15 Entry rules: -Buy Stop order or Manual Buy at 57.89 at...
Why is this setup good? Strong contextual uptrend Price continues moving in the direction of main trend since it bounced at support EMA(100) and EMA(50) Momentum building on MACD 12-26, MACD signal line crossed the 0 line First reaction (contraction) since MACD crossover Trigger Candle testing EMA 3, 6 and 18 Low Setup Risk - just 1.29% in risk ...
Expect a bounce up to its previous highs. As soon Vibe falls back into its 1st standard deviation a reversion to the mean is likely and the long becomes a short.
Not closing my short until it close above 4400.
This is a short term play that, if all goes well, could turn into a long-term play. NYSE:VIPS is currently at the bottom of a micro uptrend channel (orange lines), looking to test the two major trend bear trend lines on the 4hr and Daily. I'm using a low risk entry on the bottom of the channel with a stop under the low of today which would be a confirmation...
We got out of our last long with a small profit, and are in short again according to the ZenTrend Follower. For more information on the ZenTrend Follower indicator please see below: Like and subscribe if you enjoy our work! Stay calm, and happy trading! ZenTrader
We got in long according to our indicator, it;s been doing well on TRX :) For more information on the ZenTrend Follower indicator please see below: Like and subscribe if you enjoy our work! Stay calm, and happy trading! ZenTrader
short BTCUSD when it breaks the low. possible crash ahead of us .
Jumping off yesterdays chart I was looking for either a break down below 3 close supports (6475, 6452, 6425) or a break up through 3 close resistances (6610, 6640, 6642). We saw the break down but it was a weak bearish move with the first break bouncing right off $6452 and giving a small bull bounce before eventually breaking down to $6399. I personally filled at...