newbietrader_TZW

newbietrader_TZW

Divergence on MACD + Unmitigated order block + Evening Star Pattern

newbietrader_TZW

H4 Currently price level under pressure of 200MA Furthermore it is also under pressure of key resistance of descending channel MACD was showing exhaustion of bullish momentum What to do now? Short the market if you are an aggressive treader For conservative method is waiting for the reversal signal such as bearish engulfing or hammer pattern ...

newbietrader_TZW

H4 Strong and Strong bearish momentum indicated by MACD Out break of ascending channel and currently retesting the upward trendline resistance lower high and lower low was formed, it shows a bearish signal Daily Trading at top of the symmetrical triangle pattern Histogram of MACD was formed under 0 level, it showing a bearish momentum was...

newbietrader_TZW

H4 Out break of ascending channel and currently retesting the upward trendline resistance strong support at the bottom area ( yellow zone ) What to do now? Short the market if you are a radical treader For conservative method is waiting for the break out of the yellow zone The risk and Reward ratio will be 1:1.5 Do your proper risk management

newbietrader_TZW

H1 Retested the trendline ( purple line ) indicating a clear downward signal Weaker and weaker bullish momentum show by MACD indicators MACD 's histogram formed under level 0 indicates bearish momentum coming in MACD line and Signal line was under the level 0 What to do now? Short the market immediately Please do your own proper risk management ...

newbietrader_TZW

H4 Price Swing In the range of 1.682~1.666 MACD is showing a weak bearish momentum What should Know about Consolidation Consolidation is a period of range-bound activity after an extended price move. Consolidation illustrates the lack of a trend in a particular trading range. Price has “consolidated”. It frequently occurs after downtrends or...

newbietrader_TZW

H4 Double Bottom was formed MACD histogram showing weaker and weaker bullish momentum MACD line and Signal line were crossed below 0 level Stochatics also rebound from the 20 level What to do now? Long the market if you are radical treader For conservative method is waiting for the break out of Purple Trend Line Risk and Reward ratio will...

newbietrader_TZW

H4 The duration of consolidation( green box) was around 2 weeks, it finally breakout and retested the trend. The purple trendline also indicated the trend is going on and support by the 200 EMA. Furthermore, The MACD indicates the bullish momentum is still strong due to the MACD line, Signal line and Histogram was above the zero level. Stochastic also giving the...

newbietrader_TZW

short immediately or wait for a break out the support zone (yellow box) for confirmation.

newbietrader_TZW

H4 Break out the head&shoulder neckline under the pressure of 200 EMA (white line) MACD showing the bearish momentum Stochastic dead cross at the bottom Daily MACD showing a strong bearish momentum MACD line and Signal line dead cross at the top Histogram of MACD below 0 under 20 SMA Weekly Reversal candlestick signal in the...

newbietrader_TZW

Daily Key resistance of the descending trend(purple line) pressure by 200 EMA FIBO retracement resistance on 0.236 level MACD shows the exhaustion of bullish momentum What to do now? Short the market immediately Please do your own proper risk management #Good Luck to all traders!!!#

newbietrader_TZW

weekly descending triangle pattern broke out MACD show strong bullish momentum candlestick above 200EMA and support by it Daily Retesting the support at level 1.26 MACD also shows strong bullish momentum Parabolic SAR also shows support around 1.26 and indicates strong bullish momentum is going on H4 MACD shows the exhaustion of bearish...

newbietrader_TZW

Daily Reversal Pattern of Candlestick is formed (yellow box) MACD histogram shows the exhaustion of bearish momentum Stochastic indicators indicated the rebound at the bottom due to the golden cross under level 20 Fail to break the 0.786 level of Fibo retracement and rebound back at the current level. H4 MACD histogram is formed above 0 MACD...

newbietrader_TZW

Daily Testing the key resistance ( purple line ) Weak bullish momentum showed from the MACD due to the exhaustion of the histogram RSI indicated a death cross at the 80 levels and ready to turn down H4 reversal signal formed (yellow box) MACD histogram shows the exhaustion of bullish momentum Death cross formed at RSI What to do now? ...

newbietrader_TZW

Daily Flag pattern or symmetric triangle pattern formed Currently supported by the support trendline ( purple line) MACD shows the exhaustion of the bearish momentum Stochastic indicating the reverse might happen due to the KD line going to cross What to do now? Long the market immediately or Waiting for confirmation due to currently is...

newbietrader_TZW

Daily decending triangle pattern formed key support on the retracement Fibo 0.236 LVL ( yellow zone ) RSI shows ready to retracement at the level 30 H4 RSI retrace at level 25.6 currently is 27 and shows the retracement is started MACD shows bearish momentum is exhaustion MACD line and the signal line ready to cross at the bottom What to...

newbietrader_TZW

H4 Triangle pattern break out and retesting the upward trend line ( purple line ) Currently support by retracement Fibo level 0.236 and 200 SMA MACD shows a strong bearish momentum Histogram of MACD shows a red histogram that's mean the momentum still strong in bearish Daily MACD line and Signal across to down and shows a downward trend signal...

newbietrader_TZW

H4 Currently testing upward trendline which is the purple trendline Break through the previous downward trendline which is the Pink trendline A support at the bottom of Fibo 0.382 level The candlestick is above the 200SMA trendline that's mean trend might be bullish And 200 SMA can be a support level due to the historical pattern formed MACD begins...