Well, strong up trend has been continuing for some time met with some overbuying resulting some downtrend lately. This weeks inverted hammer candle shows a bullish reversal along with the 1.480 level of resistance shows bullish jumps with past price analysis shown with the green rectangle. Price has touched the 20 EMA (red) line and is just below the 50 EMA too (blue)
This is for my traders who use the daily time frame. self explanatory really reversal about to go down. uptrend has broken price is touching 50 ema. now i have previously said silver is in a downtrend LONG TERM. This is correct, but if you want to profit on smaller time frames buying will be the best bet
Simple idea. By Carlos Padua. I've had some successes. Nice trades
Strong uptrend so im following it. slight downtrend and choppyness has started because of heavy selling. price should come back up to normal. I could be wrong and price could touch the blue rectangle of support at 1.72619 level, if price does touch that rectangle a reverse is definitely going to happen. EITHER WAY I AM BULLISH
You know the drill already, look at the reversal on the stochastic... price has been well below both 50 and 20 ema's. get them buys in now and bag you some profit till it touches resistance.
Please see annotated chart for details.
Support and resistance self explanatory, price way above EMA's majorly overbought also so time for price to stablise and consolidate back to normal
1 Hour charts show signs of reversal, so since all the over buying and 50 and 20 ema touching price shows thaat price is recovering and will will go back up. The stochastic is also showing bullish momentum.
started analysing on the 1 hour chart couldn't get a clear picture so switched to the 3 hour frame to certify my decision of s reversal, i could be wrong though would be interesting how this plays out. Price is hovering 20 EMA EMA
It appears that Apple might be coming up on some strong resistance soon. possible completion of an AB=CD pattern is almost complete as well as the .618 retracement taken from the Nov 4 2015 high and the may 12 2016 low additionally my stochastic indicator is reaching the overbought condition. will look to go short @110.55 all comments welcome Thanks for...
Short opportunity. USD/JPY is in bearish trend. RSI at 54 and Stochastic at 84, which is suggests a downtrend. Sell, and take profit at the support weekly zone.
Three timeframes, three bullish divergences H4 suggesting that we are near the end of a bearish cycle, I will be buying the pair upon M15 confirmation (as soon as Stochastic RSI forms a higher low and Schaff Trend cycle shows a flat line)
reversal of major downtrend since price has been way below 50 EMA and stoch is oversold id say buy now or soon as possible with a buy order for 76.152. collecting profit at 79.432 would be ideal for price consolidation.
FX:AUDUSD is showing overbought on the Stoch and the Bollinger Bands, and has touched the daily and weekly supply levels twice. Good reward:risk ratios. 2:1 for TP1 and 4:1 trade for TP2. Happy Trading
Channel bottom with RSI and Stochastics divergences. entry at 7.40