High test of .7500 being rejected, bearish momentum away, another high test on the previous 4HR candle. Looking at the FIB retracement down to 0.618 - although price still has S1 and S2 pivot point to break through. the MACD is breaking below the 0 line and RSI shows room to sell down coming off the recent over buying. Got some news coming up to trade...
This pair is looking bearish after a second retest of support. Will watch to see if a breakout occurs. Will enter trade at around 81.750 and look for first TP of around 80.500. Confirmation from MACD and Stochastics are showing bearish signs too.
So after yesterday's pullback from the highs, I believe it has a long way to go yet before we see some price stability. Here are a my reasons. 1. MACD showing crossover. 2. Close below upward trending line. 3. Extremely low volatility which may lead to spike in volatility as price picks up rocks on its roll down. 5. Not oversold. 6. Price bounding off...
PROS - Low test candle formation. - Rejection of both horizontal support and a downward sloping trendline. - Price sat between 0.5 & 0.618 Fib retracement. - Bullish MACD Divergence - Oversold on Stoch RSI CONS - Trading against the trend. - Trading towards key EMA's. Thoughts on this position?
BTC correction is well overdue. Right when everyone is thinking BTC is going straight to 1000 and every pullback is bough is when the correction will start. Here are a few things to watch for: 1. Volume on the last pullback was big 2. MACD is crossing down 3. RSI negative divergence 4. Look for a lower high and then a lower low for confirmation
MACD crossover, Heiken Ashi candle is bearish, going short.
Expecting some profit taking from the USDWTI longs in the coming days, who entered in the support zone near the double top (RED LINE). Looking for sellers to come in at the 78.6% Fibonacci level which is also being met by the WEEKLY 50 MA and both are within a DAILY resistance area. Price is currently trying to break and close above the DAILY 200 MA (GREEN LINE),...
3 Trenline Support & MACD Histogram Buy Signal
Actually bearish divergence in formation with MACD Also price near pitchfork ML, watching for crossing down In combination with trending line in red see callout on chart Short under 49.27 cautious if over Stop loss over 50.18 Long over 50.91 Actual target 46.75
Actually regular bullish divergence on MACD Watching price crossing red trending line Long if crossing upwards in green area Cautious if going in red area Primary bullish target 1217.50 Keeping an eye on 1243.60 take some profits there Stop loss 1199.55
- EUR/USD has been contained in a multi-month channel, and is now approaching the bottom of the channel - There is divergence on the RSI where PA is making lower highs/lower lows and RSI is making higher highs/higher lows - There is also divergence on the MACD, where PA is making lower lows while the MACD higher lows - Bullish MACD crossover These factors give a...
Hidden Divergence down will continues to make a new lower low
-Structure LH´s and LL´s -ABCD in play -Overall uptrend if we look at the weekly chart -Arrows show what could happen I see this big move to the down as a major retracement for the weekly chart.
Let's see what happen and wait for a confirmation, but for now we can se a possible structure: retracement, expansion, new microtrend.
H&M has been up 9,61% in average ten days after a low point far away from the ma200. The 9,61% upside target lays also at the 50% gap line which makes it a reliable target. MACD and Stochastics is also indicating on a upside. Happy trading!
Please see annotated chart for details.
Please annotated chart for details.