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Centered Oscillators

Potential sellThis is a two entry sell analysis with an entry rule. Although GBP as found some momentum as a whole, CAD has been looming right behind in its showdown with 4 weeks of strong positive economics which is expected to continue through the start of 2021. The entry rule here is clearly shown on the chart. A break and close out below the support of 1.73500 for one who practice strict risk management rather than sell stopping at 1.74000 ( which I’ll do on my demo account 😂). TP first sell at support shown and if the support breaks allow the second sell to continue to second TP. Close out second sell if there is clear support at 1.74000 and pivots look for SL. RSI and MACD are currently correcting towards selling points for some technical sentiment. Please comment with any thoughts and ideas. Thank you.
Short
by Pika7993
1
Long term sell off to low ( Strict entry rule)After a top retest of near 2.00000 in March the pair entered into a sell off long term short trend. We have breached levels that sentiment a continued drop into 2021 to match lows. It is difficult to forecast how low the trend will breach however due to global economy one would sentiment retesting low of lows. Presented is the day chart. With a steep sell off I sentiment a retest oft at least 1.54000 as long as there is a breach and close out below 1.59150. A safe entry point to ride the trend would be 1.59100. MACD divergence in play with RSI potential breach through oversold zone. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993
Current buy sentiment with potential sell forecast. Currently the pair is finding support at a major level. For a safe entry point off support to avoid unexpected swings I will place a buy stop at 116.500 with a take profit at 117.700. My personal sentiment is for a buy. On the contrary a significant breach and close out below 116.000 will sentiment towards a 113.800 sell retest. Given chart pattern if entry rules are followed whether it’s a sell or a buy will result in profit. My indicators are set for a clear pivot into a buy with RSI making a pivot at the oversold zone and MACD/SIGNAL attempting to fan outside of histogram bins that signal low volume sellers for a cross heading towards 0 line. Please comment with thoughts and Ideas. Attached is a previous premium price action forecast that was spot on. Thank you.
Long
by Pika7993
2
EURNZD direction forecast The pair is at a key resistance. I am looking for continued rejection to drop to next key support as shown on chart. A retest of the top support is possible before a drop. A break through top resistance will sentiment towards bullish trend continuation. MACD and RSI are in their pivot zones for a reversal but also have much room for a takeout and continuation. My entry will be a MACD signal cross with strong rejection. Please comment with thoughts and ideas and make sure you read my forecast thoroughly. Thank you.
by Pika7993
Ascending channel trading (Sell/Buy scalps)Presented is the 1 hr chart. A clear ascending channel is in play with high volume buy/sell swing trades. This is a perfect scalping channel to gain profits off a current volatile market. Look for buy and sell opportunities from supports and rejections. A significant breach out of the channel may sentiment a new direction pattern. Current position is set up for a sell looming at the top of the channel. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993