Looks like price has risen again with declining bull volume. If you look at the orange arrows, you can see what happened last time price action held after price rising on declining volume. We are overbought on RSI. If you look closely, we are on the top side of the macd and its just crossing. However, on the 4 hour, we are both overbought on the RSI and the Mac D....
I can't lie....I'm glad this trade working out. However, I am now candle watching on the 1 and 4 hour to see how much juice this pair has left. I don't see any decline in volume even with us being at overbought levels on the RSI. The macd is just now crossing the zero line on the 4 hour timeframe. Resistance has barely been met but is close. Would love to see...
If you saw my current outlook on the DXY, this pair could have some more room to go down if sentiment holds true. I exited this trade earlier today with 60 pips and wanted to play it safe when the market started pulling back. However, this one of my 4 tickers I trade so an update needs to happen. The RSI is not OS just yet but is close. MacD still on top side and...
We are at a resistance level here. We may have some bearish divergence here with a double top on the RSI and the recent higher high. Price seems to be have risen on the more recent move with not enough clearance on bullish volume so I can't buy it. RSI is at a 50 level coming down off some sideway candles. Could price be exhausting? I can't see why we wouldn't see...
Potential Double Bottom where the blue dots are. Last time price was overbought on the RSI and Mac D, price was around $112.55 ish. The RSI may be creating a Bullish Divergence if the double bottom holds and we create a higher low on the DXY. Last time there was a crossover and the Mac D was on top was near 113.94ish. Let's see if price tests any of the recent highs.
Possible bearish divergence spotted. Check related ideas for previous updates!
Just noticed some potential bullish divergence . Correct me if wrong. Check related ideas for past posts!
We may be approaching an overbought level on the 4 hour timeframe. We are on the top side of the macd. We may have a double top pattern forming and if you look left we may get the same pattern where the arrows are. This is just an update not a signal or anything. I would like to see price test the lows in our range.
A tad bit late on this chart. RSI oversold. Mac d on bottom. Might be range bound. We have touches where the arrows are located. Previous candle might be a buying climax. On 1 hour time frame. Price is declining on lower bearish volume with some bullish volume coming in. DXY may also get stronger which means that the euro may get stronger as well relative to other...
Inverse head and shoulders could be playing out. We have a three touch uptrend on the line on the bottom. We have a three to four touch downtrend on the top line. Could the inverse head and shoulders lead to a breakout to the upside? Mortgage rates came in hot and the streak continues on higher rates. I’m a little late on the markup but I want to see if there...
At this point we will watch the 4 hour time frame. Gonna take notice on the 1 hour as well. Price action is still holding our sentiment. Although RSI isn’t oversold yet, we still want to play it safe. Waiting for some more candles to get more information and will also keep up with DXY to see if that strength continues or not. Will update on next move.
Bias: Neutral Chop. Leaning Bearish. Top Watches: Long - NFLX, UAL, AAL, BKR, PG, MNTV, ZYME. Short - ALLY, GNRC, ABT, BIDU, MRNA, RIOT
Went ahead and took profit at 1295. Need to get a better read on the DXY. Just want to play it safe. I will update on the next move.
Price broke through first resistance. Let’s see what happens here. Pretty much just riding the train til the candles gas it down. I’ll update once I see another move setting up.
Looks like we may be near a reversal point. RSI oversold on 1 and 4 hour. Mac D is on the top side on both timeframes as well. Price has recently been building up on declining volume. Would like to see if price will test the current support zone listed on the chart.
I want to see if price can reach the support zone. The 4 hour RSI is oversold. The 1 hour RSI is at the 50 level. The 4 hour Mac d is still on the top side and could continue to lose momentum. I want to see the 1 hour RSI reach oversold and I will look to see where price is at. With my sentiment of the DXY going back to retest the recent high, I can envision ETH...
I don’t like marking up charts as I like to keep them clean. The RSI is oversold on the 1hour and 4 hour. Price is trading sideways and may be creating a new support. We have more rate hikes ahead so I consider the recent movement a pullback on the uptrend which may continue. There are two resistance levels. Let’s see what happens.
1. Price rising on declining volume. 2. RSI Oversold. 3. Mac D slightly crossing zero line towards top side. 4. Potential double top forming here. 5. Waiting for more bearish volume to kick in. 6. Mortgage Rates come in 10/19. Would love to see if we continue to rise in mortgage rates.