Nice wedge Wait for breakout and retest back into the zone
There is a potential move to the downside on the 4 hourly time frame. This one looks pretty obvious to me with the Cypher pattern and trend break in the vicinity together with confluence on the pound. Many traders will put their stops in the same place so there is a possibility that the price may spike up a little past 1.07800 before falling back down therefore it...
FISV's long uptrend was broken in September. Prices have subsequently rallied and are testing previous highs. The RSI has not followed and is showing a divergence. Look to buy Puts when prices break the Keltner Channel. Play to first profit stop at 34EMAH.
Here we see a rising RSI, weak candles, all moving into a support. I expect to see a bounce in the coming weeks.
After a sharp recent rise, I'm seeing multiple indications of selling taking place, possible leading to a move down to the 84 area or lower. Obviously, this is negated by a push upwards towards 89.
This indicator tries to show the probability of an impending reversal. It's using a number of different input signals and candle stick patterns and conditions: 6 different moving averages Averages of moving averages MACD RSI Stochastics Keltner channels Pin bar patterns Engulfment patterns The indicator is designed as an oscillator and treats...
Now its a strong downtrend :) Lets take some Pips ^^
FX:USDMXN has been on a savage tear the last 2 weeks. It has printed multiple Knoxville divergences as well. Using pivot points and trend lines, I shorted this on break of the last trend line. It now has 2 missed weekly piots, and 1 unhit weekly pivot. I want to short again on a break of the current trend line (which should also make it hit the weekly pivot)....
As seen on last trading day that the price action broke the downtrend diagonal move with high volume on charts, today we are observing confirmation at the previous breakout levels, which will eventually push buying and move prices up. Target 1: 570 Target 2: 582 SL. 557
please let me know if you have any question.
4 hour Rsi approaching overbought. 1 hour is already overbought. USDMxn also approaching major resistance at 17.94ish. I think it will tap that resistance line then run down for a beautiful end of week trade. I have my sell order set at 17.9 and alerts set for a break of either line. If it breaks the trend before it hits my sell order I will handle it manually.
$SPY has finally broken through the resistance line and approaching 195 level.