marto_el

marto_el Updated 

I'm looking to buy EurAud into previous structure. We are currently at the Weekly S1 and a .618 retracement from the previous swing. MACD Looks like it's about to give a buy signal. Stochastics were in the oversold level and are already moving up. I'm looking for the price action to show that the level is respected and it's going to go up again. A Double bottom...

marto_el Updated 

We have recently completed an AB=CD move back to previous levels of resistance. RSI on the 4H is oversold. Monthly S1 and Weekly S2 pivot in confluence @77.450, so it will be an interesting level to watch on a smaller timeframe for a future trend change.

marto_el Updated 

Strategy is well known here. After the double bottom and the rally, price came back to the .618 fib retracement. What's more is that the Weekly Central Pivot and the Monthly R1 are in the zone as well and are supposed hold as resistance. TP1 - 48.80$ TP2- 50.00$ SL- Just below the double bottom

marto_el

We recently bounced of the major weekly support / Monthly S1 Pivot and since last week we are on a rally. Now we are at the previous highs, so a retracement is expected. At the 1.48-1.47 level we have a cluster made out of Monthly central Pivot , Weekly Central Pivot , .382 Fib retracement. Price has previously bounced of the 21 EMA twice, showing a strong upside...

marto_el Updated 

Looking historically at the Weekly chart we can see see that a major support level is the 1.05 and bears have been guarding the 1.13 area for quite some time now. The MACD has been showing a lot of divergence untill recently. Since we've recently tested the 1.05 and held support again and the MACD is in confluence with the price, my bias on the pair is bullish....

marto_el Updated 

From what I see on the chart there is a really nice shorting opportunity on the 4H chart. 1) Monthly Pivot riht above. Price was rejected at that spot already two times. 2) Weekly R2 at the zone as well. 3) The 200 EMA 4) RSI Going overbought 5) .382 Fib retracement. I will enter with a small position agressivley and put the stop above the previous highs. Once a...

marto_el Updated 

The idea is quite simple. The 1.0000 level has been holding previously quite good. RSI is going oversold. There is an AB=CD and a 1.618 fib arround this level in combination with the monthly R2, which makes this level probbably a level of interest to other traders too. TP1 at the monthly R1 and TP2 at the monthly Pivot gives a good enough RR to me.

marto_el Updated 

Oil recently finished an AB=CD Pattern and now it has been struggling to close above 50$. There is also a rising wege that ends right at that price range. MACD and RSI are showing divergence as well. If we switch to a lower timeframe there is a double top that has already formed, giving us a opportunity for 2816 trade. A target would be anywhere between the 43$...

marto_el Updated 

After the impulsive move to the upside silver0.33% went into descending (top declining, bottom flat) corrective triangle. As of now, a divergence on the MADC is present signaling that the correction is near to its end. If price breaks to the upside AB=CD pattern is possible to form finishing at the 20 level. Trade with care.

marto_el Updated 

As price is approaching the upper end of the chanel a reversal may be comming. If price breaks the trendline I will be looking for a short if the impulse is strong.

marto_el Updated 

After leaving the steap bull chanel EURAUD looks like it has started to lose momentum. On the chart we see a 4H MACD divergence in combination with RSI divergence. What price may be doing is a double top and than possibly reverce. If this is true, this could also be a 2816 trade. For now I will be watching price action on the smaller time frames for further...

marto_el Updated 

The idea is simple. If price holds the previous upper chanel I'm going to look for correction.

marto_el Updated 

EURNZD recently completed an AB=CD pattern reaching the previous high from April. There is also MACD divergence and RSI was in overboought condition. R:R TP1 1/1.7 TP2 1/3

marto_el Updated 

Recently we made a double top at the 0.705 and went to the bottom end of the chanel. MACD is diverging on the 4H and 1D indicating price weakness. If we fail to make a new higher high an end of the chanel is possible and I will be looking to short. For the moment I will wait for a confirmation on the smaller timeframe before enter. 2816 trade may be a good...

marto_el Updated 

Gold started to make higher lows and comming to the upper side of the chanel. If price breaks and holds above 1280 I will start looking for an entry.

marto_el Updated 

As momentum starts to slow down and the MACD diverges I think that we may have a weakness giving us a short opportunity. My idea on attacking this one would be to wait for a double top or the price to leave the chanel and than to look for an entry.

marto_el Updated 

Although I'm more biased towards longs on gold I think we have a good chance to test previous structure resistance at the 1255-1260 area. For now I have a short signal on the 4H and 1H divergence and a double top. Trade with care.

marto_el Updated 

We are at the upper trend line on a downtrend chanel. Currently we have a bearish divergence on the 4H chart . If price continues following the chanel there is a good risk/ reward trade. If price breaks the chanel and the the upper trendline starts acting as support, I would start looking for buying opportunity. For now my bias towards this trade is short.