Accompanying the hourly chart on Silver, we see bullish divergence from the last few lows in the price, and we've also seen a good reaction at a previous area of support and resistance. You may want to look at my hourly chart for silver (linked to this idea) to refine an entry on lower timeframes, but I believe even if we remain in this mid-term bearish trend...
Afternoon guys, Hope you all enjoyed the Christmas break and are ready for another year of thrashing the markets. NZD/USD is currently looking extremely bearish for the following reasons: - Break of the neckline of the H&S, implying downside movement to 0.66150; - Break of the trend line support from Jan to June lows; - Break of the 200dma. MACD and recent...
The structure is pretty self-explanatory, wait for the breakout to sell, the price is most likely going to touch the past trendline (It can be seen in the daily chart) please apply your own strategy for breakouts.
LonG, TP from weekly chart. SL is no. No Accept LoSS, only win :-) Previous resistance becomes structure, which is ancient resistance level from weekly. Indicators have turned up across most timeframes FIB, ICHIMOKU , MACD , HULL MOVING AVERAGE some news stuff and also supply & demand
The bearish channel has been broken, we had a pullback, and now we are waiting for a new breakout before buying, the idea is also supported by a huge divergence. As I said wait for the breakout and apply your own strategy for this kind of setup.
there is Breakout of the Ascending Channel, the pullback is being broken now, there is also a Huge divergence in the MACD which supports the idea, please apply your own strategy for this kind of situations.
Currently watching AUD/CHF as I expect a downward move to break a multiple time tested trend line and 200 EMA. Price is forming an ascending wedge (bearish reversal pattern), MACD showing bearish divergence. Still early to enter short, I will wait a break and retest of trend line and 200 EMA.
In this moment CADCHF is making a flag, so this could be a good signal to sell after the price breaks the flag down, besides we have a huge divergence between the price and the MACD. Apply your own strategy for breakouts.
Contrary to trend I am opening a small long position.
Hello traders, wanted to submit my view about NZD/CAD, as the current uptrend seems to be exhausted, failing now to close past 0.9550. Canadian dollar is getting fundamental support from recent oil surge. Weekly MACD showing bearish divergence, personally I will wait for a break and retest of the bull channel bottom trend line before going short. Wish you all good luck!
With the Italian Constitutional Referendum, the US rate hike, the Euro is most likely to fall from its support. The USD/JPY being parallel to US Dollar Index, the pair is most likely to rise more, after the market correction in the near future. In the coming week, I think the pair is most likely to fall 110-111 level and after that it would continue its bullish...
$SBUX is following through on a great last two weeks of price action. On a down day in the markets overall, the stock is up over .5%. The next hurdle to get through is the year long resistance level at $58.10. If this can break and hold, the stock has nothing but clear skies ahead. www.trendyprofits.com
MACD crosses up while the channel is broken, looks like a decent move... thoughts?
Hello traders, good opportunity to enter short on AUD/CHF: - failed to break out in mid-October - failed a second time in early November - current deceleration + pin bar rejecting 0.7550 - bearish MACD divergence
Really nice channel with multiple bounces, looks like this one is going to bounce in the direction of the trend... waiting a little longer for confirmation from stochastic, looks good so far... thoughts?
Here's a nice little channel on the daily charts. If stochastic crosses back up, might look to go long, but really waiting for price to go back up and then fall back down in the direction of the trend... thoughts?