Gold entered a small downtrend mid-way into last week. It's now entering an area of demand and the 100 SMA. Price action line on the indicator is forming as well as divergence. May enter long at the close of this 8H candle. Will post an update.
Looking for a long opportunity with FX:USDCAD
The divergence isn't perfect but it's still oversold and this pair has been making higher highs and higher lows on the daily chart for the past 2-3 months. 1.2900 price action number acting as a rebound should help this pair continue upward.
Possible divergence forming on FX:USDJPY. I have a sell limit set at my 1st deviation bollinger band in the supply zone, 102.6, with a 60 pip SL and 2 profit areas for a possible 4:1 reward/risk ratio.
FX:AUDUSD is showing overbought on the Stoch and the Bollinger Bands, and has touched the daily and weekly supply levels twice. Good reward:risk ratios. 2:1 for TP1 and 4:1 trade for TP2.
Looking to continue the trend on FX:USDCAD with divergence on the 4H chart. the price action line is bouncing off previous price action and the trendline will be crossing the price line on the candle close. We have a nice area of demand below and the whole number 1.3000 to help prevent us from getting stopped out. I've placed the SL below demand and the whole...
Supply & Demand and Divergence at play in this trade of FX:EURGBP.
I'm looking at a strong area of supply at the round number of .8500. Price bounced around this area all day Friday and couldn't break it. We have divergence on the 8H with the Stoch, and we also have a cross with the trend line & price action line. Looking to go short with a 3:1 Reward/Risk ratio...
This is my first post (woohoo) I've been forward testing this strategy for some time now and I like the way its been working so I'm going to start posting it from here on out. Thanks to all that view and comment and I hope to add value to the community.
Catching the pullback on FX:NZDCAD
1. defined uptrend
2. divergence on Stochastic
3. trend line intersection...