ES - Stochastic divergence in a falling wedge on supportEversource Energy (ES) has stochastic divergence at the breakout point of a falling wedge on trend line support. 200 ema touch. Reversal Candle.
Buy: 62.10
Target: 63.18 - 64.31
Exponential Moving Average (EMA)
GBPNZD will bullish trend continue?I decided to add another idea for this pair. Most of the ideas here are bullish and to me it looks bullish too.
My trade is set up so risk/ratio is 3:1.
There is solid GAP marked on the chart which was playing and I think still plays big role as s support/resistance area.
I think that the pair will reach 2.000 level soon and hit that 1.618 Fibonacci level as well.
GBPNOK 4HUsually don't trade exotic pairs, but here I see a nice potential opportunity. Price is sitting on broken resistance now turned support, rejecting the 200 EMA & is in consolidation. Will be watching for a break back below or bounce back to the top of the range & potential breakout of the top for uptrend continuation. Lets observe how it plays out there is a good amount of pound news this week
USDDKK Downtrend should continueIt is not much here on the chart. What I found is that top of the upside down head and shoulders formation touches the lowest lows from last 2 years May 2016 and August 2015. Those two lows created very strong support/resistance area. Pair is rejected perfectly from this level.
From my experience Upside down head and shoulder formations are very good sign suggesting further trend continuation witch is downtrend on our chart.
TI would set TP are close to 6.00 and SL just above head.
... if pair will consolidate for some time I suspect that 200 ema will push pair lower
Is ARK future google of Cryptoccurency ? Update #1I would like point out few important things I found on the chart.
We witnessed 3 major waves (not Elliot's) during the past year. Every wave finished with nice spike yellow circles.
Every wave correction finished before or very close to Fibonacci level 14.6%.
Every time it get close to this level double or even tripe bottom was formed which I marked with blue scarabs
There is saying three times charm, but be aware that 5 is a magical number as well.
...to me 3000 is a very solid support...
…If my idea is correct we can expect target around 30k as I mentioned in my previous one. Link below
There is probably a lot more on this chart like for example look how the retracements are double in value in every wave so far. First U have 8200 then double close to the 16000 another one 32000.
...Yes these values are stretched a little bit to match the double ratio like in most cases in technical analysis. I'm trying to point out that this pair actually is moving in harmonic fashion and spikes and bottoms are not random like in the other pairs
PAYBTC all time low psychological level 2000Pair is bouncing from psychological level which is 2000 here. It created very strong support/resistance area.
Tide SL with not high potential profit close to the another round number 2500
This is How a Full Time Pro Trader makes PROFIT!As long as price stays above the 50 ema there is a bullish trend. Pull backs to the 50 ema are entry points. Tight SL under 50 ema. How would you make re-entry trades on this bullish trend for the BTCJPY. Leave a comment below about your trade idea.
USDCAD another opportunity to go shortI marked with Yellow rectangles GAP from daily intervals and with circle very nice rejection and pull back after GAP acted as nice support area.
It is pending order and I'm waiting for pair to go higher so the trade will have good risk/reward ration.
Current price gives us around 1.5.
ETHUSD 1H 50 EMA TradesWhen price stays above the 50 ema that indicates a bullish continuation trend.
When price pulls back to the 50 ema and bounces long is an entry point.
Possible bullish momentum- Price is currently moving in an triangle
- The ascending (triangle) trendline is being supported by a round number and Fib retr.
EMA‘s might indicate a bearish movement in the future but the bullish supporting criteria is is strong - EMA‘s could end up losing it‘s force
CAD/CHF SHORT BASIC 123 setupBroken trendline and recent structure!
EMA 200,36, recent structure are acting as a resistance + we got nice rejection candle.
The risk on this trade is small because we are on D1/W1 structure, overall D1 formation looks promising.
It is also a hedge form GBP/JPY and GBP/CHF long.
Nothing fancy isn't it?
Looks like it will be breakeven month :) A lot of ups and downs, pretty harsh!
Talk to you soon,
Marjan
Forex Swing Traders
AUD/JPY short abc setupBroken trendline
EMA 200 acting as a S/R, horizontal S/R as well
We have also resistance trendline
Rejection candles in place
STR/BTC crossing EMA50 on hourly chart STR/BTC crossing EMA50 in hourly chart and at the same time MFI crosses above 40 ... is it a new pump and dump.
Brain storming ... please tell me your thoughts
Waiting for ETH to cross above EMA 50 and MFI crossing above 40I always wait for for the price to cross above EMA50 and at the same time it has to be supported by volume. Money flow Index (MFI) is one of the best indicators to see the flow of positive money to the market.
SILVER HITS SUPPORT LEVELWatch carefully the price, if the price of silver goes below the support ( white ) line, then you could start selling. If it hits it and you see green candles forming, then it won't keep going down, and you could go bullish.
Basically, if goes below the support line and breaks it, then short, otherwise you can stay bullish. Just watch carefully. From my point of view, there are more chances of the silver price going down, but we will see only in a couple of hours.
XEM about to pumpThe 4 hour closes in 3 minutes and the 10 day and 30 day EMAs are crossing. If it holds the current price, the new 4 hour candle is going to open above both EMAs as they are crossing up. There is also a bullish divergence happening with price and Stoch
Ripple short This chart shows that this coin is not much different from the rest of coins. It is correlated with most of them and follows the same trend.
I marked with yellowish rectangle nice price action with solid spike which was hold by GAP from daily chart for 3 consequential days. Pair never managed to go above this level for one full day.
Currently it is trading below psychological level 5000 which is not really respected by market but it may stop another attempt to go higher.
I would short it till 1000.
ABCD pattern after Friday's NFP EURUSD There is almost perfect ABCD patter on EURUSD 4H chart. Pair bounced from the strong support around 1.1660. Fridays NFP wasn't good for dollar as far as I can tell.
My Profit target is just below GAP which was created Sunday two weeks ago.
I marked the other GAP from the last week which rejected pair 4th of October(C).
There are three important things which should be taken in consideration.
- will open from Sunday will bring another GAP
- how the pair will act when it will meet 200ema
- how the pair will react to closest GAP
I will update this idea next week.
USDCAD another short I marked GAP from daily chart. It seems like that the pair is treating this place as a good support(we can see nice combination of 200ema and GAP).
USDCAD is still in bearish trend and I expect that the trend will continue and the lowest low may be challenged.
SAFEX worth to take a closer look Based on recent price action I think it is good idea to consider buying some of them.
We have 200 ema acting as strong support pushing pair towards north, triple bottom, GAP which may hold any drops and huge bullish candle on the Daily chart.
I marked similar formation with Yellowish rectangle which may suggest similar price action in future
I would set first TP around 750 or hold it for some time ans see what happens
I think fundamentals are very positive for this pair too.
GBGBTC Interesting price action I marked on the chart 3 GAPS based on Daily chart . Two blue ones are recent and the yellow one is older then 1 year.
First thing we can see here is how 200ema rejected pair multiple times during the last 30 days. See eclipses on the chart.
18th of September we have very strong movement and pair with ease went through 200EMA and all three GAPS.
GAPs are not very respected by market but 200 EMA seems like swapped roles and it is playing important role as a support instead of resistance.
I would wait a little bit ans see what will happen when the pair will touch the 200ema how market reacts and then make decision.
It is also good idea but slightly more risky to enter market right now with TP around 0.0000670000.
This Idea will be updated in near future
AUD/JPY Resistance-turned-Support Another one as you can see the pair is moving to retest a major level which is a good opportunity to go long..
RSI is heading south to overbought area, also .50% fibo retracement smack at the support area , and EMA 50 is getting close to the price as you know this moving average is a dynamic support and resistance .
If you want to take the trade from this levels it could yield around 100 pips to 90.25 as a TP
PS. all yes pairs are highly correlated to USD/JPY 0.24% so if the greenback keep the pressure yen will be weak against all currencies, but if UJ drop this trade will probably gonna fail..
good luck homies
Searching it´s touchdown at a 200EMA!The EURGBP is trying to get back to the level of the 200 EMA
Due to traders getting their profits, it seems the start a retracement. According to the theory, it will make the last move down to get back to the level of this 200 EMA.
Check the 4H chart to see the best point to enter.
When a full candle is under the 14 EMA line.
