macd divergence looks a bit awkward but seems to be topping out at the channel near 8045, which is the level to hold until it day closes above.
there is a channel and 8045 has been tested twice. this shows that 8045 is the R that I want to watch on n price should not day close above in order to spoil this hns pattern for a new downtrend. I see a channel with macd divergence but the channel itself is awkward as the channel break does not present the best RRR. Hence i will need to modify my entry and look...
From larger timeframe I can take a strong bearish week below 3 months low. I am now looking at a neckline retest and there is a channel of sorts with macd divergence from the recent peaks. Price remains below the f6 from the downflow that I have identified. My bias is wrong if it should day CLOSE strongly below the green lines. Spikes are not considered SL for...
My usual channel setup with macd divegence , there is a multi day bear trap flush but I will be waiting for price to drop lower to get a better entry. Trading GBPNZd is tricky because of the larger ATR.
It was least expected but this channel setup with triggered at the last few hours of week 41. I will look to enter on open and place sell limit at higher price. The macd divergence looks nice as well. On Resistance, prices seem to be unable to day close above the day line chart R 7900.
2 day bull trap completed at 5pm h4 close awaiting cad news 830 with R as D1 line chart I will be looking at support near multi weeks low for exit 1.40XX
Some bullish sentiment coming in after Wed but by Thursday night price dumped again and now forming a channel with divergence . I am still keen to short but this time bullish has a reason to go long with the inverted head and shoulders. The crucial level will be 2669 for me and I am looking for a min. h4 candle close to reenter short. A close below this means the...
Upon break of the double bottom neckline price looking for bullish resumption. The DB is from the channel bottom as drawn earlier.
overall the market is uptrend and this year every dip has become a new rally point. I am still looking for this channel to hold and so my strategy from now on is to buy on dips
Admittedly, this is not what I will usually trade on. However, last nights FOMC minutes led to a confirmation of a temporary USD weakness. This morning, AUD had weaknews but yet h4 candle closed as a hammer. I am using this oppoturnity to play up AUD strength with USD weakness
week by week EURUSD is down. Why will I think of going long? My usual channel with price macd divergence setup. Pending channel break for entry. I am willing to hold if it goes higher n short even bigger.
an inverted heand and shoulders has been completed and I am now monitoring for a neckline retest to go long. The neckline support will be based on d1 line chart and I will be monitoring the neckline f6 area for a good test.
most EUR crosses had been plunging for several months but not for EURSEK, only until recently. With last week 's bearish expansion week, price closed below 3 months low and completed a distribution pattern. Upon completion of this bear flag , I will assume price to continue moving downwards
Never think that the trend is over until it is over. I may be wrong on this but as I have been thinking to go long on USD for every week since 8-9 weeks ago, even if I lose this i only lose 1 out of 9 weeks. On the other hand, pplewho keep thinking of catching the falling knife have been wrong for the past 8-9 weeks! It does not pay to go against the trend, Hence...
My standard channel and trending to go short after channel breaks with a small macd divergence.
a D1 ed channel has a smaller h1 channel colliding with it at the top. IF price does really goes down, it will have completed a 2 weeks high flush bull trap, and perhaps price will resume the strong trend seen in may. All is too prematured now and I really want to see the reaction within this blue oval. I got a small scout position in so still monitoring it. h1...
GBPCAD is currently at the 5 months low resistance which functions as a neckline. I have a h1 channel macd setup and should price plunge below yesterday low, it will signify the completion of a slanted hns and a completion of a flush of 4 weeks high. Then it may be the start of a nice ride down.
I am just a peasant and nobody to call for a top. Hence I will just play dumb and go long on USDJPY with a bull flag break.