EUR.USD H4 Short 13CCI pattern, 13CCI tlb cross<zerolineS 1.183 or earlier. Took too long to draw/annotate chart
H4 EUR.USD has two CCI short biases.
First, the extended trendlines cross below the CCI zeroline, favoring downmovement. To catch a turn up early, monitor this crossing on lower timeframes.
Second, the CCI pattern is one I call hitchhiker's Short, because it resembles a hand signal with pinkie in the air (which by itsself is an early Short signal, then the rounded knuckles of a fist at a lower CCI level (~~100), then the thumb pointing down as CCI hooks well below zeroline. There is another hitchhiker short i marked in Sept. This pattern can run for many days before a CCI reversal Long is signalled, by CCI's crossing up thru a downtrendline.
We still have a possible H&S target below 1.152, a possible retest of earlier H&S target ~1.176,and new pitchfork targets, one for upsloping pitchork ~~1.177, and one on downsloping pitchfork, ~~1.152 or higher (to 1.164)
Centered Oscillators
Teck long opportunityHello everyone, we are back with yet another technical analysis. I hope you guys have enjoyed the past week, whether it be trading crypto, stocks, or currencies. The technical analysis today will be centered around the idea of TECK hitting 17.09.
Elliottwave analysis: My elliott wave analysis is kinda cluttered, some I'll try my best to break it down for you. The move to the 17.09 mark, I believe will be the wave 5, of the wave C, or the greater wave 3. The reason why I don't believe this will be the wave 5 of the greater trend, is because then we would have to assume that the wave C ended at the 15.70 range, which wouldn't make much sense since there are no fibonacci ratios there. Instead, I see this as the 3rd wave of the wave c, the retracement being the 4th wave of the wave C, and this next move up being the 5th wave of the wave C. Taking a projection from the start of the wave c, to the wave 3 top, to the wave 4 bottom, we can anticipate the wave 5 hitting the 0.8 fib range, which is around 17.50$. A break below the recent swing low is a bad sign and would mean I am wrong.
On the 1 hour chart, we can see some bullishly diverging rsi and macd, meanig the we are probably going to being the 5th wave sometime soon.
Keep in mind that this trade might take a couple of weeks to be completed, so position yourself accordingly.
I wish you all the best this trading week, and have a great day.
EUR.USD 240 Min Short CCI tlb, Pitchfork Targets on 2 H&S TargetThough 13CCI on 240 min EUR.USD has a higher low, the currently operative signal is Short from CCI crossing down thru an uptrendline and the exit signal will be CCI crossing up thru a downtrendline.
The pitchfork targets match perfectly with both the small H&S target and the larger H&S target, shown by red + symbols.
Caution tho, because news of additional money being sent to US citizens before election could change the charts
$HEPA aiming to trade higher-HEPA technical analysis$HEPA Breakout of the wedge:
- RSI divergence.
- MACD looks good.
- Price projection gives 40% possible profits.
- It would saver if traded until $3.81 resistance.
- Patient traders can wait for a pullback for a better entry position.
You can check my ideas here:
notrustyourbroker.com
BTCUSD 12H DMI ANALYSIS - BEARS STRONGThe DMI is showing bears in the lead and bulls are running out of real estate. Big move inbound over the next few days. See chart for more description.
The Williams %R is overbought and due for a oscillating correction. Yet divergence is always a possibility. Set alerts on trend line crosses and let tradingview work for you!
AUDUSD 0.70633 + 0.56 % MOMENTUM CONTINUATION IDEA HEY EVERYONE
Here's a look at the AUD/USD pair which just retreated to 0.7050 are clinging to some daily gains.
* AUD/USD lost its momentum after the climb, US DOLLAR INDEX is staging a technical rebound during the US session and the WALL STREET main indexes register some strong gains today from the fundamental perspective.
* The pair is currently trading in BEARISH FLAG which could signal continuation with the bears and the pair just saw a rejection at the roof of this structure looking for a move with the bears on this one.
LET'S SEE HOW IT GOES...
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Looking for more longs on EGThe targets for the break of the previous channel (sent to our students) were hit perfectly, before we saw a retrace back down. The beautiful thing about the retracement is that it appears to have moved directly into a new descending channel.
I think we are likely to see a little more of a dip before this pair moves away, but i for sure will be looking for longs on this pair with either a strong rejection of the marked lower level (.902) Or with a break and pullback of this channel top.
this level gives a nice confluence in also being the 618 on the fib retracement on the trend move in the day/week view.
We have nice divergence across our histo to vouch.
Now its just time to let the markets wake on Sunday night, reveal a little more price action and find a confirmed entry ideally in the 4 hour.
If we can get the break of this channel, .924 & .934 are the targets. I have another more ambitious target further up, but for now that will do.