Please see annotated chart for details.
The market has been choppy since a while now and recent highs of 1.123 have been touched, in other words a lot of over buying. My usual analysis has confirmed my decision to sell and bag some pips with the TP and SL provided when price consolidates itself.
Please see annotated chart for details.
Supply & Demand and Divergence at play in this trade of FX:EURGBP . I'm looking at a strong area of supply at the round number of .8500. Price bounced around this area all day Friday and couldn't break it. We have divergence on the 8H with the Stoch, and we also have a cross with the trend line & price action line. Looking to go short with a 3:1 Reward/Risk...
The 20 EMA is being touched and lowest lows of 74.387 have been reached. bullish momentum has picked up and is confirmed from candles, stochastic and RSI. Price is consolidating itself back to normal.
After yesterday's bad news on Bitfinex, BTCUSD seems to have found a solid floor that lies around the 0,5 angle of this big fib speed resistance fan. Several indicators are coming back from their oversold condition, and this is a great place to go long and keep it at least for a few weeks before it hits significant resistance on 0,618 angle where you'd be already...
This is my first post (woohoo) I've been forward testing this strategy for some time now and I like the way its been working so I'm going to start posting it from here on out. Thanks to all that view and comment and I hope to add value to the community. Catching the pullback on FX:NZDCAD 1. defined uptrend 2. divergence on Stochastic 3. trend line intersection...
eurnzd has been over sold nice bullish oppurtunity on 1hour chart support and resistance is self explanatory should touch the 20 EMA
Strong downtrend indicated from past analysis. major bullish price action have taken indicated by the EMA. Remember these are the 'past' prices, anyway first target is 1.2854 level if the down trend continues for a longer term i think it can touch the 1.278 level for sure. stoch and RSI confirming short overbought like crazy.
well you can see there has been a very strong downtrend, when every the 101.671 level bullish action happens based on past performance so a buy order would be ideal. TP and SL have been provided. Profit will be collected when price retraces back to its original resistance. Price has officially gone under a 25 EMA in the past
The price opened higher this week but found downside pressure again. Earlier last week we Hit resistance and rejected. Bearish divergence on Stochastic. It is just my view. Trade Your own view. I have no incentive to post if i don't get enough support from you. Likes and comment. You can SKYPE me at : Technician - The Forex Channel My Regards, Technican
Major uptrend has been broken with a downtrend now BULLISH MOMENTUM is showing insce touching 116.926 level where the TP os 117.737 can be touched. STOCH and RSI confirm decision. Ema shows price is hovering around the average.
By identifying support and resistance and a solidifying uptrend there are bullish opportunities available. TP of 2974 can be achieved if my prediction is correct with an SL of 2955.
Deep crab formed and Stoch showing clear diversion, best to short to earn quick pips.
Just a combination of indies. The faster moving StochRSI can be used a trigger signal for Wave Trend confirmation of Price Action. Interesting to play with settings on different time frames - as always, whatever works for you. Can probably be helpful for binaries from 1M upwards.
I started building long positions in this pair and will wait the follwing week to see how it reacts. My favorite indicator for bottoms (stochastic) has already crossed the signal on the weekly interval and the daily is going now the same way. The last low hit right into the 1,27 fib extension of the swing, signaling a possible bottom. This could be the start of a...