Crossing EMA's. SELLCrossing EMA's Pointing towards bearish trend. Bounced off 61.8 fibonacci levels. May hit 50% and then fall
Exponential Moving Average (EMA)
Overall bearish trend. Drop at 38.2EMAs showing overall bearish trend. resistance is 38.2. Should see a drop from there to 110's again.
Gold wave C correction. EMA showing reversal on micro timeframes. Looks like were also on a wave C correction to the downside
GBPAUD double bottom and very harmonic three soldiers formationHuge doji candle formed in October stopped losses, then in next 5 moths pair created interesting formations close to 1.6000 three soldiers followed by double bottom. I put TP very high based on my personal calculation in relations to the three soldiers formations. GBPUSD rebound from all times low at 1.2000 which in my opinion will put pound in bullish mode for some time. It is long term position but I think it could trigger TP or SL in relative short time. If the pair will follow my idea I would suspect some side movements close to the 200 ema.
Neoscoin opportunity with very low risk and big possible profitBig bullish candle(some call it caffeine candle) from 15 of February established move which could reach highs from September. Pair was stopped by GAP and is on consolidation creating nice flag pattern. I would enter now or wait for pair to retest short term support established around 0.0001700 level. I'm not sure when or if the pair will go above GAP and it is quite possible that it will go lower. In my opinion this pair is testing GAP from last week right now. Price can move sideways for sometime and eventually bounce from 200 ema.
Pascal Coin buy opportunity It seems to me that pair found very strong support around 0.00012000 level. There is a visible GAP on daily chart which is respected very nicely on 4H chart.I would buy pair at this level with SL below mentioned support and TP around last highs.I would expect the pair to consolidate for some time around 200 ema, then eventually ema should hold the price and give it nice boost.
I think that it is quite possible that price will go down further which will make better opportunity to open long position with much better risk/reward ratio.
GBPUSD at 0.618 Fibonacci level GBPUSD
Bearish bias
downtrend
closed below FIB
The EMA's confirm a strong uptrend. A break of my CTL will confirm shorts. If 1.24 is broken and re-tesed then i will be bullish. But time will tell.
Taco to 18?Bearish Ichi Cloud Signals
1. Price Below Cloud - Yes
2. Bearish Cloud - Yes, Kumo Twist on Previous Candle
3. Bearish T K Cross - Yes, but large disequilibrium
4. LS Below Cloud & Price - Yes
Broke 200EMA for the 1st time since July 2015
Broke Yearly Pivot cleanly
Displaced EMA EnvelopeRutgers news reminds me of a suggestion I had made to Support.
Combine the tools "Displaced EMA" and "EMA Envelope" so the envelope can
better fit the price action. User should choose channel width (as well as the
left-displacement), perhaps as multiple of Average True Range.
Resulting channel is better aid than trend-lines, and can resemble cycle
analysis of James D. Hurst.
Keltner channels are also more useful with option to left shift by half
the calculation period.
USDJPY ShortMonthly Downtrend
Weekly Downtrend
Hour 4 declining trend-line respect
50% fib
21,SMA 8 EMA cross over
EURUSD approaching 1.06300 (important critical level)Will resistance be respected or ?
- Major bullish engulfing candles in the mix.
- EMA's look like they may cross soon indicating a change of trend.
The next candle close could tell us what we need to know.
MU Micron Exponential Moving Average Strategy exampleJust one example where I see this strategy working very well. 9 and 21 period Exponential Moving Averages give the buy and sell signals. I like the 2 week chart for this particular security.
EURUSD strong by signal based on GAP and psychological levelI can see here strong rejection after attempt to reach 1.0500 level. Monthly candles showing nice pattern for the third time( Bullish engulfing) and closed above support mentioned above.
I see also two important formations :
1. GAP from daily chart(different broker) is respected almost perfectly with pin candle
2. Shadow of the candle reached Fibonacci level 38.2%
the safe target for me is 1.0800 area, when probably price reach 200 EMA on daily chart.
I would suspect that next wave will reach 1.1000 area in long term.
EURUSD - ShortComing off of long volume trapped from Friday, i'm expecting some nice bounces off the 50 EMA and 200 EMA, possibly 800EMA if price wants to make a push. Overall i'll be scouting short positions, waiting for London Open.
USDCAD - SHORT TRADE IDEAThis is another pair that I have been watching for a while now. There are multiple confluences to suggest that the downside prevails for this pair. The 50EMA has crossed through the 200EMA, suggesting a longer term momentum shift, with the bears now in control. The price has tried, but failed, to make a number of rallies but each time has found resistance. We observed an ascending channel, from which the price broke out below, coming back to retest the EMAs. I have set a target back down to the low seen in May 2016, which gives a lot of scope for a longer term short position.
EURUSD - BUY TRADE IDEA.I have been monitoring this pair for a while, looking for ideal level to take a position long. The price saw a brief bullish rally last week, but found a cap at the 50EMA. The price rejected this level, looking to make a push back down into previous supply zones. I am targeting this pair to move back down to a previously used support level, before making a final push back up through the EMA onto its target at 1.0815, which would be 225 pips.
Potential Setup for GBPUSD in the Coming DaysFrom the daily chart of GBPUSD, I can see uncertainty on where the direction is about to go, as there are 2 potential setup for this pair :
Long Scenario
The reason why I said this is because EMA(100) has been breached for the past 7 candles. If price are able to break 1.2725 resistance line and move on, it may hit next resistance line 1.2870 which ultimately hit 1.3440. I don't see 1.2870 to be a strong resistance line though, should price were able to break out.
Short Scenario
However, overall EMA indicators shows that the downtrend is still there. Price has been ranging between 1.2725 and 1.2110 for the past 4 months. And if it failed to break out 1.2725, potentially price may fall down again to 1.2110 and similar range scenario will occur. Then if, eventually, price break over 1.2725, then above long scenario might happen.
In the next coming days there will be more news that affect these 2 countries and it may determine the direction for this pair.
Waiting for Small Pullback to 1200 before Long-ingThe price has broken out 1200 zone. Before getting Long, tiny pullback against 1200 is what I'm looking to confirm if 1200 will be the next support line. Ultimate target will be 1250, with partial profit will be at the previous resistance line 1220
Gold is 'Always on my mind' - E.Presley Gold went up and exactly touched 1220$/oz (checked it on a one minute interval) as predicted in my previous plots (3 weeks ago) and now will move south:
In short-term perspective price will rebounce at some levels (navy blue lines).
Price already retraced back to it's Exponential Moving Average (red line), that is a natural move.
Moreover, Buy or Sell Signal indicate that price approached to the Sell trendline (orange).
I'm still learning but in my perception price of gold will move down in next few days or
move sideway, approach ichimoku cloud and then keep going down.
Wide spread of ichimoku cloud (red and green lines) indicate strong downtrend.
Upcoming few days will release a lot of data on US economy: www.forexfactory.com
Indicators will be positive and gold will move down while DXY goes up.
The Bear is controlling the GOLD, but is it?I have been expecting GOLD to be "in touch" with EMA(20) and EMA(40) and it is (or about to shortly) happening now.
I can see there are 2 potential direction here :
1. If price can close below EMA(20), price will potentially be pushed down to 1170. Why 1170? Because apparently this is the latest most respected (red box) price level after 1127. Bear is gaining power here.
2.If EMA(20) and EMA(40) can act as dynamic support line and are not broken out, Bull may re-gain its power somewhere around 1185 zone, The reason why I'm saying this is because this is the first time EMA lines are re-tested ever since the uptrend started, and referring to historical data, price may gain power after the first retest to the EMA lines.
Overall, I'm still expecting the price to move even lower as there is no significant force of price pushing higher at the moment. It'll be an interesting next few days to see if reversal can happen within this zone.
