First of all, i think it was called DIVERGENCE? Look at my WT_LB and check the chart, i've put 2 lines. Showing a divergence is showing up on this 4H chart.
It's being rejected by the resistance level: FIB:
This should be the key area for a turnaround, going to head down more.
Short opened: 0.7234
Stop loss: ...
Here you see a 4h chart giving a nice opportunity to short the EURUSD
Watch how the EU climbed up. It has reached some good resistance, This will be a turning point for the EU, first target will be 1.1108(0.618 fib of this long upward move) 2nd target will be 1.1028 (0.238 fib of the upward move and the 0.786 ...
What is on the chart?
Orange/yellow circle: 200MA
Blue line: 20MA
As you can see i got 3 indicators, they give me a sign if it is likely to reverse.
Price action is the most important thing together with some fib levels or trend lines/resistance.
My trade currently: Short ...
As you see in the chart.
EMA 200(orange) trend = down.
It did pass the EMA 20(Blue line).
Trend lines are placed and it does follow the line perfect. It is going to bounce from the Trendline. going down again.
As you see the WT indicator is ready to cross. When crossing that is a first signal to sell. When MACD ...
Ready to go down again.
Chart tells everything.
Went below the supportive trendline. Getting ready to go down further, Targets gonna be. 153.40, after that 151,80 Breaking 151.80 could give opportunity for a move towards 150 or lower.
Idea's and tips are welcome!
I've been following this chart for the couple of hours. I've been checking fib levels. looking at resistance. The 0.9798 - 0.9810 has been a big resistance area. Does it break the resistance and close a candle quite some pips above the resistance, then we sure will see a Bullish trend being continued.
Does the ...
$ger30 Looking at the chart, it is currently on an uptrend, moving in a channel upwards towards 10800,
R1 shows a resistance area around 10400. if it passes that resistance level then it would still continue its upward channel. When it reaches R2 10645 it would decline back down to around the R1 area of 10400 or ...
Looking at the head and shoulder pattern, the slowly bearish trend and the little head and shoulder pattern, my idea is it will go downward to 1.4157. When it is breaking 1.4157 it would head towards 1.4050.
Besides the technical indicators tell us to sell on hour charts
Currently set up: TP 1.4051 SL ...