Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is...
Reasons for -Firstly we are up trending on the 4 hour -We are making higher highs so to signify uptrend -We cleared key level of 0.7000 -We are trading above the Key Level -We are due for a new higher high and a impulse move to the upside -We also have come to the trend line and has show Strong level of support -Also on the trend line we have reacted and...
Reasons For -We are now down trending on the 4 hour chart -We always want to trade in the direction of the trend -We are making lower lows and lower highs -We are trading below key level at 1.4000 Which we broke with a strong downside move -If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level -Sign of retrace...
Reasons for On the 4 Hour -We have been bearish since the trend line putting in nice big bearish candles -We have broken our counter trend line -We also have nice long wicks on the upside -This shows me there is more selling pressure On the daily -Firstly this is a long term trade -We can see price is down trending on the lower time frames Always go with...
USDCAD has retraced almost back to Daily Support and is balancing just ahead of the Support Zone. These Balance Area's make for good Breakout trades. Balance areas are simply just Accumulation or Distribution (we don't know which one it is until the market tells us, which is done by breaking out). This trade will be valid which ever way it breaks. I would think a...
Reaons for -Firstly we are forming a triangle -We have just bounced of the trend line with a bearish engulfing -Also a bearish hammer has been put in place -We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again Price action leaves clue in structure :) If we go to the daily Timeframe we can see -Lots of long...
Potential short term reversal off of descending trendline on nzdusd. Friday momentum can play a factor into pushing this to the upside as traders look to close short positions (buying back their short sells)
Continuing from the last chart that I published, It looks like we just completed Wave (b) as a double combination. The confirmations are the count (zigzag x triangle), the break down of the B-B baseline, the break down out of the A-A Channel, momentum divergences, and the time of Wave (b) being just slightly longer than 1.0 of Wave (a). Also the fact that this...
Rounding top formation is developing for S&P 500. Even if a bullish Bat is nearly complete, given the recent strong momentum to the downside I would rather prefer to wait for a retracement to a significat structure level and get involved short. If price break below the rounding top neckline we may see the beginning of bear market.
Targeting $600-$650 by the end of Feb Some more analysis to back up previous points.
The last time MACD crossed the centerline was from the positive side, and the 80+ percent drop played out over the next few months (highlighted in light red). The MACD is about to cross the centerpoint from the negative side indicating the long down trend and negative direction in the chart has ended and we are seeing a start of what could be a lengthy bullish...
All information fundamental data and technical data shows us very good classical pattern "Cypher Pattern" and very good moment RISK/PROFIT 2.69
USDJPY Breakout/Breakdown opportunity on either the 5/15 min chart. I will be taking the this trade on the 5 min chart with a BREAK & CLOSE out of Balance Area. Stops & Targets are shown on the chart. Bearish Div RSI.
Breakdown Short Trade has been Activated and is almost at Target #1's already. It was activated on a Break & Close out of the Balance Area.
The Supply Level on USDCHF shows its own weakness. So, watching the Chart, in the third test of the Supply level the price moved higher going out of the old used Supply level. It marked a new and larger Supply Level absorbing the old one on the monthly time frame. If you missed my last Webinar, go here Definitely the Demand willing is dominating the Price...
Setup reasons 1. support level has been touched and bounced 2. price has left a pin bar to signal a reverse 3. bullish candle show a change in momentum 4. bounce of long term strong trend line
This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs). The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal. Backtest period = 09/17/1916 - 11/02/2015 DJIA = 98 --> 17,830 = +18,094% = 5.38% CAGR Algorithm = net...
After break of trend line last week price came back to re-test the trend line which held up and now has pushed of it leaving a tweezer bottom candle formation in place which add too confluences. Also weve been getting higher highs and lower highs which clearly show bullish trend and momentum so for me i will be long on this pair Happy trading ;)