Weekly charts represents series of data points where each data point is comprised of the price movement for a single week of trading.
This chart type has been used for a long time by traders and typically applicable for long-term trading.
The chart every trader winces at, and you can see why. It's *horrifying*. Looking at the chart we can see that a clear 5-count impulse Elliot wave has played out, and we now appear to be in the first leg of corrective wave. Money flow indicator (CMF) is signaling sell, RSI is crashing after bearish divergence from the run up to $100, Stoch RSI is nosediving. There ...
Top side resistance breakout on the weekly RSI. Look for a breakout of the green line for a sure entry point.
Volume should confirm moves.
Trade at your own risk. Have a trading plan with a predetermined stop loss
Looking for topside resistance breakout on the weekly RSI.
MACD should be performing a zero line crossing during this time.
GMMA looks rather bullish with trader and investor MAs compressing on one another.
Consider entry around the orange price action resistance line drawn.
Determine you stop loss before entering the trade
Chart says it all.
The daily chart shows sellers at $59.58 with a good number of buyers stepping in at the same time.
GMMA lines are bullish on the daily as well as the weekly for a breakout.
Monthly RSI is nearing a breakout setup
Breakout is not a sure thing on this one. If you enter the trade manage it with a proper stop loss. I think I would initially ...
Hey guys !
Here is a good potential setup on CAD/JPY
**Risky trade because of Canada interest rate hike ** -- Wait for reversal sign
Accumulation of :
- Fib 50%
- Fib 38.2 %
- Lot of trendlines from bottom / top
- Resistance zone
- Custom fit stochastic
Good '' luck ''
Hey guys ! ** Watch for weekly view below **
Here is a good opportunity to short the crude oil with a potential 800 pips profit trade ( R/R around 6 )
Accumulation of :
- Weekly trend ( blue )
- More weekly trend as resistance ( black )
- Others monthly trends ( red ) : far but still active
- Fib 68.2
- Fib 78.6
- Resistance zone
- Stochastic will be ...
Whats up traders
Great opportunity for the gbp/aud -0.02% :
**Watch comments for more info**
Accumulation of :
- Fib 88.6 ( 2 year )
- Fib 68.2 ( 4 months )
- Fib 38.2 ( 1 year )
- Strong support zone
- 3X Weekly trendlines as perfect support
- Stochastic oversold : I will update with a multi time frame stochastic system for perfect entry
Targets ...
Whats up traders !
Here is a good sell opportunity on the AUDUSD .
Lot of accumulation resistance :
- Weekly trenlines ( blue )
- Resistencece horizontal trendline ( red )
- Resistence zone
- Fib 23.6 based on 6 years
- Fib 161.8 & 127.2
- Stochastic to be overbought in D2 D1 H4 H1 & maybe more : I will update with my multi time frame stochastic ...
Back at it again with the EURJPY
Possible buy setup .
Accumulation of :
- Fib 50%
- Double fib 38.2%
- Weekly trend
- Double H10 trend's
- Support zone
I will update this setup for the next days with multi time frame stochastic indications .
Do not put a buy order on this one , we need to wait at least a week .
Good '' luck ''
EURUSD > Weekly / Longterm
Pair is trading in an uptrend beginning from support @ 1.16700 with a target @ 1.1910 to 1.2037/80
Break above could see 1.2100 and higher.
Indication that break and hold below 1.16700 will begin downtrend toward 1.15650 target.
Average range for remainder of month appears within 1.1670 to 1.2080 range w/anticipated end of month ...
USDCHF will remain bearish as .9800 resistance pushed back the trend. we can start selling at 0.97550 and target .94200.
Note careful for Fed Chair Yellen Speaks at 9am today.
