No position; but accumulation on the daily as indicated by the positive divergence of price making lower highs and MACD/RSI making higher lows (and in oversold territory). Could be a bullish setup to watch. However, symmetrical triangle breaking below may indicate a continuation of the short term down trend and possibly forming the right shoulder of a (sloppy)...
As much as I wanted to see my short position work out, it looks like you can't fight the trend.
Logarithmic + Pitchfork, nice channel eluding to $5500+ on the next peak.
Also shows that we're at the bottom for now.
RSI also shows we recently hit a low point, which coincides with the beginning/transition of every other bubble we've seen thus far.
EMA / MA...
Chart : red dotted line = structure level
red trend line = stop loss
violet trend line = entry
green trend line = target
Bought at 171.313, we went for a double bottom into previous structure support (red dotted line). A 2618 trade opportunity has been noticed in lower time frame (15MIN)
Now, it should be easy to get higher into our target, 172.091.
If market...
Will ECB take any action today and bring the euro down, or will let it burst above 1.4000.
From the technical point the price has drawn a Rising Wedge which broke the down trend line. This along with the negative divergence on the 28 periods RSI give a strong sell signal. A break below the lower line of the pattern would be a good confirmation for the signal. If...
Wheeler, RBNZ chairman, said that the kiwi got strong despite New Zealand's fundamentals. A strong NZD could bring problems to the country's economy and the central bank might start selling some $N. The currency reacted pretty fast and fell back under 0.87.
From the technical point of view we can see a very good resistance at 0.8743 and a negative divergence on...
There are lot of things happening on this chart, but for clarity, we'll focus on the smaller ones that are easy to miss from the big picture.
1. Notice the smaller divergence formed (RSI 67.88 - 66.19). This is our area of interest.
2. Horizontal range bound break out targets to 1.69250. So if you haven't bought GBPUSD as the breakout, then forget new long...
All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence?
There is also an intraday short setup here as well. Price...
The EURUSD seems to be forming a strong bearish divergence with both the MACD and the RSI. I believe this divergence will reverse after it reaches the 1.3965 - 1.4000 price range. Technicals are signaling further continuation to the upside after the bounce off the 38% retracement as well as a bounce off a new support lvl (1.3820 - 1.3780) which was previously was...
Speculative view on Short term Facebook stock trade. The current setup
- Most major point: ACC/DIST, RSI, DMI, Stock, MACD - all set up to go higher being on low positions.
- Today trading price went above 100DMA
- Price within the weekly/monthly up-trend , but on the lowest end of the range
- Recent trend change coupled with wave prediction tells that the next...
Although it is stated that I have a long bias, it is solely due to probabilities because this pair could get destroyed in the next weeks.
Higher lows on RSI seems to confirm that the pair wants to go up again (continuing 2013 uptrend) and that the consolidation we've been witnessing since the beginning of 2014 was only a pause in the longer-term trend.
If,...
![FB: Facebook [FB] in a good position to go up](https://s3.tradingview.com/x/XCz9CP0P_mid.png "Facebook [FB] in a good position to go up")
