NZDUSD fundamentally has good background but technically it needs to rest a little before it continue to grow. After good growth (includes weak divergence) without pullbacks here can sell for short time (scalp).
The Price has rboken the descending triangle and made a confirmation but had a Little pullback so we are expecting it to continue the upwards trend and it is a good buy entry.
Also there is a doublé bottom formation with MACD divergence.
Petrobras respeto la base del canal alcista que viene en el que se encuentra operando desde hace ya varios meses.
Actualmente esta luchando por mantenerse arriba de la EMA50 (marcada en color naranja).
Atencion!! Presenta una importante divergencia bajista en el MACD y en el RSI que se viene gestando hace varios meses.
Habra que ver si se mantiene por encima de...
PGR looks to be rolling over from the double top at new highs. MACD diverging down and the slope seems to indicate PGR should be at just over $80. The pattern took 25 trading days and isnt as even a V-shape as we look for, but going to grab some July 19 80 puts just after the open today. Target to sell before end of the week.
Ravencoin seems to be in a great position to go long. Aside from my possibly amateur wave counts, RVN is on a support as well as being oversold using my version of the Mayer Multiple. There's also Bullish MACD divergence as well. Putting all of these together leads me to believe that RVN is a safe buy for now and I don't see much of a reason for it to keep going lower.
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Price has reached a strong support area. There might be a possible double bottom, and there is MACD...
CNX has this third bottom in place but MACD has diverged up, and prices moving up form the bottom. Options are few and far between as is common with lower priced stocks. Bought the stock 500 @ $7.14. Gonna see how this pans out, MACD says price should be at $7.42 or so. If we get close to $7.40 we'll sell.
The Price broke the trendline of the asymmetrical triangle so we are expecting the Price to seek for the next resistance.
MACD divergence is shown clearly as it is near the resistance zone and bounce back. Also RSI is in oversold and did not crossed the resistance which means no confirmation.
Comment your opinions!
Quasimodo Level after MACD Divergence and Pinbar Pattern in GBP/JPY
Today, this GBP/JPY pair is in a downtrend of almost 1000 pips and is still considered bearish.
Yesterday’s 1D chart, the candle has ended as a Pinbar pattern. The Pinbar candlestick pattern is a reversal pattern and is a very reliable pattern to use amongst forex traders.
In this 1D chart,...
Watched this one the other day and when prices kept falling even with divergence up in place we put it the watch list. Gapping up today so hard to get in on options. But June 21 40.5 calls at .65c for a quick run up only 3 days until expiration.
MACD Divergence With A New Supply For Sell Position On XAU/USD.
There are a few reasons to look for a sell position in XAU/USD:
1. In the wide picture – 1W chart, the price has just arrived into a strong resistance zone. The last time that this happened was about a year and a half ago but back then, it continued to drop to 1160.00 zones.
2. In the 4H chart, there...