Although in a healthy uptrend, USDCAD has run into resistance at ~1.3070 which happens to be a price level on the weekly chart that has previously been tested (as support in April 2004 and resistance in March 2009). Price closed below this level on Friday as a high test bar. Coupled with bearish divergence on the Stochastic and RSI indicator a price action...
Idea is based on Elliott wave theory and the use of Fibonacci extension ratio confluence. Stochs are used for wave confirmation. More info on the chart. Good luck
Using bearish divergence to build a case for reversal trading on USD/CAD with the following favouring a potential short scenario: - resistance (3rd touch) at ~1.2800 - bearish high test close below resistance - price reaches and closes below 1.272 Fibonacci extension level - Stochastic and RSI bearish divergence entry - below low of high test stop loss -...
Hi everyone, simple trade idea, the trend shows higher highs again as we can see with the 200 period simple moving average. This pair is usually quite stable waving up and down and the RSI and Stochastic show it is a good moment to long. I will enter in this trade unless any bad surprise on Monday. Any opinion is welcomed. Good luck.
Nzd/Chf is showing a nice Bullish engulfing candle on the 4hr chart Just above 61.8% Fibonacci Expansion target - which now could act as a support The Stochastic indicator shows a slight bullish divergence too, and price seems to be rejecting the lows around 0.6260 I am long Nzd/Chf with a first target of taking out previous highs around 0.64, second target is...
FB has hit resistance at $83. Three times was not a charm for $FB as it could not close above $83. The daily stochastic indicates a sell today. My favorite indicator at present is the Aroon up, I use it to indicate tops in FB when it hit 100. It did hit 100 on Thursday and went lower on Friday. When it hits 0 in about 15 days, I expect FB to between $74 and $77....
Idea is based on Elliott wave theory. Fib extensions are used for target identification. Stochastics used for wave recognition. More info (including target/stop loss) on the chart. Good Luck
Idea is based on Elliott wave theory with use of stochastics for wave identification. Fib extensions are used for targets/reversals identification. More info (targets/stop loss) on the chart. Good Luck
Idea is based on Elliott wave theory and the utilisation of stochastics (K-line) for wave recognition. More info (with target/stop loss) on the chart. Good Luck.
Idea is based on Elliott wave theory combined with a personal strategy to utilize Stochastics for wave count. Fib extensions used for predicting the reversal zone. more info on the chart. Good Luck.
Idea is based on Elliot wave theory. Stochastic indicator is used for wave count confirmation. Fibonacci extensions are used for future price projections. Nothing really tradable for me here risk/reward wise. I will be wanting to trade the latest impulse upwards as soon as I spot it.
Idea is based on Elliott wave theory and the use fibonacci extensions. The stochastics are used for wave count confirmation. The rationale behind this set-up is shown on the chart along with specific target/stop loss. Good luck
Idea is based on Elliot wave theory. Stochastics are used for confirmation. Rationale and targets shown on the chart. Good luck
Idea is based on Elliott wave theory and the use Fibonacci ratio's. The count is shown on the chart along with specific target/stop loss. Good Luck
Idea is based on Elliott wave theory. According to my count, corrective wave nr 4 is on-going. Expect price to retrace into the 0.382 before wave nr 5 can initiate. Ratio confluence of waves nr 1 and 3 is used for the selection of the target. Good luck
Idea is based on Elliott wave theory. Stochastics are used to confirm the wave count. Rationale behind this setup is shown on the chart along with specific target. Good Luck
Idea is based on Elliot wave theory. The rationale behind this setup is shown on the chart. If you would like to know more about the way I am using the stochastics to confirm my wave count, please check my strategy idea. Good Luck
Idea is based on Elliott Wave theory and Fibonacci ratio's. The rationale behind this setup is shown on the chart. Good Luck