How you can see btcusd okcoin futures in a channel, between Murrey's line 4/8 and 6/8. Daily MACD under zero line its still bearish. Break up or down the channel will be powerful!
LONG only MACD Cross filtered by RSI 70+
use of patterns, downtrend channel and indicators ( especially macd 15-50) show the return of an uptrend movement. the support ( black line) was tested and in my opinion now we have to buy
Hey traders, here is the setup I am watching this week. After watching the JPY surge, and now seeing the EUR start to gain some momentum, I decided to put these two currencies together to see what happens this week. As you can see, we have some divergence in the MACD, as well as a higher-high and higher-low, which is great confirmation that price may go higher,...
Hey traders, looking at the strong vs weak analysis for the week, looks like EUR is gaining momentum against GBP. As you can see here, a nice trend line has form, looking to bounce back up. I will place my stop loss at 0.861, and my take profit at 0.877, which is where you can see price touched last week without any issue.
Hey traders, looking at the NZD and JPY as individual currencies and matching the strong vs the weak, NZD has been increasing while JPY is falling after the huge surge last week. When pairing these two together, you can see divergence in the MACD and a nice channel forming. Who wants to bet the channel will be broken to the upside? If it were me, I would be...
Here is a setup I will be looking at tomorrow morning to see what happened here. Looking to enter the trade if the trendline is broken, confirming the divergence that we see on the MACD indicator. Placing stop loss above the recent high at 1.105. Moving the trade to break even at 1.088, giving us a free trade from there. Looking to exit the position and take...
Looking at this trade setup for the week, have a double top and divergence on the MACD indicator. EUR has been losing strength recently, while NZD is gaining in strength, which makes sense to pair these two up together this week. I always give my stop loss a little room to breathe, so I will be placing my stops at the 1.55 key level. Once price drops down to...
Hey traders, here's another setup I will be watching this week. I will wait until tomorrow morning to see how this plays out, just to make sure price isn't going to break down any further. We have divergence on the MACD indicator, as well as a triple bottom. I could definitely see price breaking down lower, but I am going to assume that price will take the path of...
Hey traders, here's a trade I am thinking about entering this week. The pound is increasing in strength, while the Euro is weakening. I will wait for a pullback to the 20 SMA, and then enter the trade as seen here. Remember, plan your trades and trade YOUR plan.
Comcast Corp New seems to be approaching the completion of a Wave 4 on the Minor period before continuing upwards for a Wave 5 to the upper structured trendline. Stochastic seems to be approaching overbought position whilst RSI seems to indicate downwards movement to oversold position, as well as MACD suggests continued downwards movement for a confirmation of...
This pair is currently testing a strong resistance, which lines up nicely with fibonacci 61.8. The pair is also overbought (RSI 14). My stoploss is at 1.248, which is above the channel and above the fibonacci 76.4, giving the pair room to move, but will close out in time if the marked move too much. Will move SL when the pair has crossed below fibonacci 50. Take...
When you see that kind of pattern where a big candle hits a support zone and multiple candles test it without success, it's wise go against it. MACD has started turning. There's a good possibility that the market will go beyong the 49,50~ price, you'd have to determine how strong the market is at that point.
Exelixis has come to a stop after many months of upward movement, it is now consolidating around 52 week highs, and I am looking for a short opportunity on a large pullback. Reasons: - Class A bearish divergence on the weekly & daily chart (RSI, MACDL) + Acc/Dis (Daily only) - Accumulation/Distribution line has dropped below the 9EMA on the daily chart. The...
Keep an eye on the key levels and act accordingly, looks like price is really trying to push through to 1.35, think it will fall soon
Divergence and double bottom on GBPUSD... don't enter yet, wait for price to reach the limit with a higher high and higher low.
The bearish tread still stay true. However it is significantly weaker due to political uncertainty. We will sell at 1.06350 SL : 1.06905 with TP at 1.05513 +- 10 points
1.Trading above All Importance Moving avg. 2.Two year Downward Channel Breakout 3. Stock Just Bounced From weekly 200 MAVG. 4.Company is virtually debt free. 5.Stock is providing a good dividend yield of 3.88%. 6. Company has a good return on equity (ROE) track record: 3 Years ROE 28.78% 7. Company has been maintaining a healthy dividend payout of 80.37% Watch...