More from Vdubus legend origin - all praise to him - but with another couple of tweaks. S/R length has been shortened by 25% and an EMA15 has been added if you like getting down with EMA15. My work is nothing in comparison to Vdubus. I hope this little adaptation both respects and honours his work. Check the original for the full force (Vdubus Rejection Spike...
This is just a template of indies - all the legenadary Vdubus - to get a handle on trading rejection spikes. What the indies don't show are spikes that tried to live but failed so if you back test little reversals you'll get very good %: it isn't like this live . As always, you'd need to work with Price Action primarily but these indies can be very useful when...
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?
AUDUSD got rejected the second time from 0.72000 area with some nice wicks which should make bulls step in the arena
Confluences and Probability - Clear downtrend 4H + DAILY - 79.703 is channel low on the daily T.F we are seeing a clear break of this level - All MA's are suggesting strong bearish momentum - While having all these confluence to give evidence that we are in a overall bearish market we have other independent factors such as this clear ''Bearish Pennant'' in which...
Buy the breakout for a possible 1.30 retest
PROS - Rejection of key resistance - Rejection of downward sloping trend line - Rejection of 50 ema - Stoch RSI signalling overbought Thoughts?
I already posted a couple of ideas regarding this setup. i just wanted to specify a little bit since we are approaching or are inside a very key area for this pair. i will be carefully watching this coming into next week to hopefully take multiple trades on they way down if we can see desired reversal here. Rest is on the chart
USDZAR as been correcting this year and is potentially goin down to the upward weekly trendline. Im now looking for a basic structure trade inside the 4H trend that developed due to the correction. Pinbar and doji showing rejection inside the the expected area and risk reward is pretty nice.
Final Destination: Bottomless Pit Let´s be honest, the fundamentals are just too bad and rejection after just breaking up super weak. My bets are on Ether here...
TECHNICAL As you can see on the chart, there is a bearish divergence on the RSI. You can also see that the area above 0.7721 was tested many times and faced rejection every single time. FUNDAMENTAL The Australian dollar is correlated with China and gold because the country relies a lot on exports of raw material to Asia. On China... China’s gross domestic...
Price re-approaching 34.23. Idea: wait for a fake breakout to the downside and when price reverses back up, enter long. Avoid: Early entry. Wait for confirmed rejection!
Please see annotated chart for details.
Simple i suppose and clear. close below this trendline, either short straight away or you could wait for a retracement up to you
AudUsd has broken above weekly trendline down and it is acting as support now (blue line on the chart) We see some kind of closing wedge pattern emerge above this support The pair rejected the lows of 0.70 a couple of times, and is supported below by red trendline now Resistance here comes from 50 and 100SMA, but these should be broken to the upside soon and the...