Facts : - GBPUSD has been in a nice uptrend for the last ~30 days, on the daily chart it's currently finding support on the trendline. - Price has been forming higher high and lower low since yesterday. - Market seems exhausted which seems confirmed by the stochastic Expectations : - Price about to retrace toward this "daily trendline" not further than the...
Hey people FX_IDC:XAUUSD is about to go down on the weekly, firstly this huge uptrend is about to end. Recently when price touches 1306 resistence is shown and price comes crashes down. Support is met on price and is touching 0.786 level on the fib and touching the 20 EMA soon the TL will be touched. Stoxh confirms direction.
- Strong Bearish Divergence with stochastic - Overbought - About to start leg C of the correction waves of a bearish Elliott Wave - On resistance area plus streong trendline tested 3 times over the last ~100 days Entry : - Sell Stop below previous swing low at 102.830 Exits : - S/L few pips above trendline and resistance area - T/P at 101.700 for R/R ratio =...
candle confirms downtrend along with stochastic. uptrend has been broken. fibonacci shown price is below 0.618 and price is touching 20ema.
- After yesterday Lower Lows, we might be seeing a Lower High form today. - This new high appears to be forming at the top of a pitchfork channel - Stochastic confirm it's overbought Entry : -If this candle close inside the pitchfork or if the next one engulf the previous bullish candle, Sell at market price - Sell Stop set at 102.600 Exits : - S/L a few...
- Price just made a Higher High - Stochastic indicate overbought Entry - Waiting for the price to retrace toward the resistance area - Wait for a bullish candle to form on the zone - Planning an entry around 1.33000 after a bounce off the zone Exits - S/L below resistance area - T/P at next zone
- Price is forming a Lower Low next to a support area - Stochastic indicate oversold - I expect the price to retrace around the price of last minor swing high Entry - Waiting for the price to retrace toward last minor swing - Once price bounces back, wait for the price to cross below the newly formed Lower Low - Entry below support area at 1.30100 Exits -...
FX:NZDJPY key support is being broken, price is way below both EMA's the trend line has also broken so price should jump up soon.
Divergence forming on FX:USDCAD Reaching some key Fib levels and all rules for my indicator are falling into place. At the end of this 8H candle we should be able to look for a short opportunity
Gold entered a small downtrend mid-way into last week. It's now entering an area of demand and the 100 SMA. Price action line on the indicator is forming as well as divergence. May enter long at the close of this 8H candle. Will post an update.
DIS on oversold stochastics and on support trendline. I've started a position of 20 shares after market close. Will be looking to add to position if price drops to 93. Stop-loss will be set at 92. As always, Limit will be set at stochastic oversold levels or top of channel.
FX:GBPCAD is touching the 50 EMA with a slight green doji appearing showing the end of the minimal downtrend. The stoch is showing oversold and will touch the highs of the 1.74 level again that it was struggling to touch before.
This is the second chapter of a copper story around this pitchfork. You can see first chapter on the related ideas. I believe the end of the last downtrend is over and now that we've tested for several days that support, it seems fair to place a long position at this point with a reasonable risk/reward. The indicators shown confirm this idea and a couple of fibs...
Silver has been supported at this level for several days. Here we have the lead line of the Ichi cloud, and the completion of this harmonic pattern where we expect the potential reversal zone. I am now waiting for a signal in a lower time interval to enter my order. I appreciate your comments.
USD/JPY - Currently touching the daily resistance TL, looking for a breakout and a bullish move up towards the 38.2% fib level. MA has shown a bullish crossover, with RSI and Stochastics also appearing bullish into the coming week.
- The price is bouncing back from a strong support area made of a support area, S2 of my pivot points and the 1.272 retracement. - RSI and Stochastic are oversold on the 4H chart and were oversold 2~3 hours ago on the 1H chart - Still playing around with the Fib Time Zone, the bounce back is around the 8th retracement, we'll see if that means anything - Buy stop...