The trading idea is based on a trend reversal signal. The price diverged with RSI and MACD. We have bearish signals from a bearish divergence and MACD lines. RSI is in the overbought zone. If the price breaks the local uptrend line, it will be possible to open sell trades. Entry Price: below 1517.20 Stop Level: above 1526.50 Profit Level: at 1490.00 Risk per...
The trading idea is based on a double bearish divergence, which gives a trend reversal signal. MACD confirms a possible downward movement. RSI is bearish as well. Entry Price: below 60.95 Stop Level: above 62.45 Profit Levels: at 58.90 and 57.50 Risk per trade must be no more than 1% of your capital. If the price reaches 59.00 level, move stop orders into breakeven.
The price bounces from the support zone at 1.04000 level. RSI confirmed the price reversal. MACD supports a possible upward movement. If the price breaks the local downtrend line, it will give us a buy opportunity. Stop orders must be placed below the support zone and the local swing low. Profit targets should be at SMAs with 200 and 500 periods.
Let's look at the market using the 4H chart and key levels. The price is at 7085.85 support level. If you look at the left side of the chart, you will see how the price moved in this zone. Several times the price bounced from it and dropped below it. If we talk about the market conditions, we have a downtrend. The price bounced from Simple Moving Average with...
Let's look at the daily timeframe and try to plan our trading at the beginning of 2020. The price stays above the key support zone formed by 6500.00 and 6000.00 support levels. At the same time, we have bullish divergence as a trend reversal signal and the breakout above the main downtrend line. These signals gave us a buy opportunity and confirmed the trend...
Dear friends, I wish you to get more knowledge and experience in 2020, which will help you to become better in any field you want. I wish you to reach your goals and find new ones. I wish you to use all opportunities you will get. I wish you all the best! and of course, I wish you Merry Christmas and Happy New Year!
The price moved back to the downtrend line from the daily chart. If we look at the 4H chart, we can see why the price did not move lower. We have a support zone formed by SMA100, SMA200, the local uptrend line, and 7350.00 support level. If the price can stay above this zone, it will be able to become a starting point for further upward movement. If the price...
I have been trading in Forex markets since 2007, and this year I decided to leave it only for auto trading. I liked crypto markets in 2017 for the amazing trade opportunities and simple way to make a lot of money. But what is really cool from my point of view - it is stock trading. There are thousands of markets that can provide trade opportunities like crypto...
The price broke the downtrend line, and it gives us a trend reversal signal. Before it, we got a bullish divergence, which also belongs to a trend reversal group of signals. RSI confirmed the price reversal from 6500.00 support zone. MACD lines and histogram support further upward movement. DMI becomes bullish, and we don't have signals confirming the strength...
The price is going to bounce from 61.00 resistance zone. We have a reversal candlestick pattern. RSI confirms the price reversal. MACD supports a possible downward movement. In spite of bullish DMI, we don't have confirmation that buyers are strong now. If so, the market can correct the previous upward movement, and it will give us a sell opportunity. We have the...
Closely the same pattern as it is in the Gold market. The price broke one downtrend line and moved upward to a resistance zone. This zone is formed by SMA100 and the 2nd downtrend line, which we can draw using the important swing highs. If the price can break this resistance, it will confirm the strength of buyers and the further upward movement. We will be able...
The price moved above the downtrend line. It gives us a bullish signal, and we can expect the continuation of the uptrend. If so, the short trades must be closed. The market will be able to provide us new trading opportunities based on different timeframes, but for now, it is very important to get additional signals. If the price breaks SMA100, which plays as a...
The price bounced from 45.00 support level. RSI confirms the price reversal. MACD histogram supports a possible upward movement. We have a trend reversal signal based on a bullish divergence. It is possible to buy based on this signal, but it will be better to wait for a breakout above the main downtrend line. If the price can move above the trend line and...
The price bounced from 0.18 support level. RSI confirms the price reversal. MACD histogram supports the price reversal and a possible upward movement. The market provides a trend reversal signal based on a bullish divergence. If the price breaks the local downtrend line, it will be possible to open long positions with stop orders below the local swing low.
I wrote about a possible sell opportunity based on the daily timeframe. You can read about it in the post from the related ideas. If we look at the 1H timeframe, we can better understand when to sell. The price moves in a local uptrend below the upper line of the price channel from the daily chart. If the price breaks the local uptrend line and drops below...
The market should be added to a watchlist as we have a possible buy opportunity based on the daily chart and better buy signals from the lower timeframes. The price bounced from the support zone. RSI confirmed the price reversal. MACD lines and histogram support further upward movement. In spite of bearish DMI, ADX line falls. It tells us that sellers are not...
The daily timeframe looks bullish, but the lower timeframe like the 1H is going to provide us a sell opportunity. The price reached the local support zone formed by 0.67800 and 0.67900 resistance. If the price bounces, it will be possible to think about selling. In order to get an additional signal confirming the further downward movement, it will be better to...
If we look at the 1H chart, we can see that the price moves in the borders of the horizontal price channel. What does it mean? There is a balance between buyers and sellers. The market consolidates and prepares for a new movement. Will it be upward or downward? We will see. We should wait for additional signals confirming the strength of one of the sides. The...