I want to see market price pull up to the resistance at the .7255 zone/50ema as well as momentum and macd to pull up to their resistance points. When all three have pulled up I will look to take a short targeting new lows at the .7160 zone
price is at a resistance dating back from October 10th 2010 and a trend line that started feb 25 2016. If price continues to fail to break above this zone we can see price make a correction and begin to go bearish. We also have a bearish divergence on MACD and Momentum.
We have approached a resistance trend line which started back on April 21st 2017 and a resistance dating back from May 6th 2010...if not even further back. We also have a bearish divergence on MACD and Momentum. If price breaks resistance it would be invalid.
Both Momentum and market price are approaching resistance points. The entry point is also set at the 200ema which if broken would make the trade invalid.
we have multiple resistance's, one even dating back from August 3rd 2016. On the daily price is being squeezed. Price has failed at this resistance trend line multiple times and doesn't look like it has the strength to break it now, however if price breaks above the trade will be invalid.
Retest .7555, fail to close above and a short position would be very possible at this point. Strong bearish MACD divergence.
looking for a push up to the 1.079-1.08 zone for a short. If we see a push up to that level without momentum and MACD following it I would take it as a stop hunt and look to short it after a fail to close above the trend line at 1.08. At this point a short down to the 1.069-1.07 zone would be very possible
3 options for this. a short position can be taken on a break and close below the 1200 zone which would open up the bottom and create a nice short position for 100-150 pips if not more. a long can be taken after a break and close above the 1205.5 zone. This would open up the window to retest yesterday high. As well DXY looks to be pulling back up on the daily to...
2 different possibilites. a test and break fail at the 113.15 zone which would send UJ bullish up to the 114.3 zone or a break below 113 with a retest from the bottom side and a bearish move down to 112. For a short position you will want to see a break of the trend line on momentum as well which would open up the bottom side for a nice 100 pip short position.
A break of the 50ema could open up the high side and retest the .7590 zone which would act as the upper parallel for the channel. If it fails to break above the 50 we have another trend line which would act as the upper parallel and push price back down to the .75 zone to create a new low.
looking for a retrace back up to the 50ema (red) and a retest of the 50 ema and trend line and a fail. Once it fails and begins to head back down to the lower trend line a sell position can be taken.
The 50 EMA (red) on 4h seems to be acting as a nice support which has created multiple different support trend lines coming off of many different areas on the chart. A 4h close above 141.50-60 could indicate the start to a 100-150 pip bullish move. If you look at momentum the highest high it made was November 10th 2016, ever since then it has created lower highs....
1h price action looks like it could head down to the 1.0710 area before heading bullish again but on 4h it doesn't look like it would form the same which is what led me to draw the possibility which does not retrace down to the 1.0710 zone. Momentum has formed a lower trend line and also held above -0.0034. As long as momentum holds above this level it is a safe...
I would like to see price come down to the intersecting area of 1209-1210 but also hold above the trend line that starts back on the 11th of the month. Momentum would need to cross above the 2.8940 resistance line also which would open up a long position opportunity targeting the 1230-1235 area. The market must hold above the trend line and momentum must cross...
The market is trading just below a trend line (the centre of the channel) dating back to the 3rd of the month. Momentum has been holding below the .3899 level. A break of the .3899 on momentum and the centre line of the channel on the market price will open up a long position aiming for the 114.20 area.
Market price is approaching a resistance level and momentum is reaching a resistance level as well. As long as market price stays below 1.007 and momentum stays below .004 area this is a safe trade. If momentum breaks above the resistance level I have in place the trade would no longer be safe and should be possibly closed as it could open up room for a bullish move.
Market price has been on a steady uptrend since the 5th of 2017 but momentum stoped its upward move on the 17th of this month. Momentum has been creating lower highs and higher lows since then. Momentum came back up to test the .001 level and is looking to break the lower trend line. On a break of the lower tend line a short position will be available with the 200...