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Higherhighsandlows

GBPUSD bullish divergence daily. Lows and Highs Div. I put out a buy on this pair a week or 2 ago, GBPUSD, a lot can happen in this amount of time, last time I called a Long-trade on this pair & the same this time. GBPUSD is moving up towards a neckline breakout on a Double-bottom system intraday. But the real glossy confluence I see is the Daily chart and bullish RSI divergence. In recent days the RSI on the daily chart, where divergences probably work best because most traders look for divergences on Daily & even Weekly, 4hr charts, has seen lower low to higher low on the RSI AND also lower high to higher high on the daily RSI, but on the price action for GBPUSD it was a lazy lower prices down compared to a bullish turnaround on the RSI. So this divergence is going to be noticed by traders and GBPUSD should be a buy going forwards. As an added bonus of confluence, I threw in some MACD's to also highlight that the trade is supported on the Daily by MACD's sweeping upwards.
Long
by Easy_Explosive_Trading
AAPL: A correction ahead?Hello traders and investors! Let’s talk about AAPL today! We are in a strong bull trend, and AAPL is doing higher highs/lows in the 1h chart. I see no clear reversal or pullback sign around as well. The $ 134.58 is working as support, and it was previously a resistance. The 21 ema is quite close to this point, making it a dual-support level in the short-term. If AAPL loses this green line, the purple line is the next target. However, so far, we have no weakness signs on AAPL. In the daily chart, we see that the target for this movement is the $ 136.84, and it seems AAPL will hit there, but the volume is decreasing. This tells us that we might see a correction after AAPL hits its target, but remember: corrections are not reversals. Apple is still in a bull trend, and it will keep trending, as long as we don’t see a clear reversal movement – Dow Theory, 6th tenet. If you liked this analysis, remember to follow me to keep in touch with my daily updates. And please, support this idea if it helped you! Thank you very much.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
9
PLTR: Complete Analysis (Hourly/Daily/Weekly charts).Hello traders and investors! Let’s see how PLTR is doing today, and do a complete Multi Time Frame Analysis (MTFA) by looking at the hourly, daily and weekly charts! This stock dropped sharply in the past few weeks, but right now it is doing something interesting. For the first time, it is breaking the bearish bias seen since it started its fall around the green line ($ 37.95), as we see higher highs/higher lows. This movment is natural, and not surprising at all, as we already discussed in my previous analysis, last week ( link below). What’s more, the 21 ema is pointing up, and the price is above it. We can assume it’ll reverse the bearish sentiment seen in the daily chart as well. The bias is still bearish in the daily chart, but if the 1h chart persists in its bullish sentiment, then the trend will eventually reverse in the daily chart too. What are the main challenges PLTR has right now? First, the 21 ema, which might offer resistance today or tomorrow. Second, the volume is still quite low, so, looking at the daily chart some people might not be entirely convinced by it. Aside from that, if PLTR keeps trading at this level until the end of this Friday, the weekly chart could be very interesting: At any moment the bears could make PLTR trade under the 21 ema and the 61.8% Fibonacci’s Retracement , and this is interesting. Clearly, this combination makes a very strong support level. In fact, PLTR did a very powerful Hammer candlestick pattern last week, with a nice shadow under the candlestick’s body, a good thing when we talk about Hammers. And this week we have a Bullish Engulfing (so far), making the situation quite bullish. Now, the 50% retracement may work as a support, but I believe the 38.2% level is more interesting, as it is exactly at the same price level where it would fill a gap. If you liked this analysis, remember to follow me to keep in touch with my daily analyses, and please, support this idea with your like! Thank you very much!
P
by Nathan_The_Finance_Hydra
12
GBP/AUD LONG Top-Down Technical Analysis: (Similar to GBP/JPY) The monthly time frame shows a strong bullish signal as it is sitting on a very strong newly created support Weekly also is bullish biased rather than bearish as this week's candle broke the high of last week's doji (indecision) candle high and never broke the low Coming to the daily time frame we can clearly see how the trend has switched from bearish to bullish as soon as we formed a double bottom and broke the previous lower high formed Now as we created a new high, price should come and retrace at a certain level thus creating a new support (new higher low) to continue its bullish movement By looking at the 4-Hour time frame, we can clearly see how we broke the resistance held at 1.80500 area, so now we are waiting for price to come down and retrace that area creating a new support-turned resistance to continue the bullish momentum till our target profit area. Target Profit: Purple zone at 1.84000 *Keep in mind that fundamental analysis may disrupt price action at any given time, specially with sudden news being announced and creating a new sentiment in the market.
Long
by YerwantKansabedian
Best Ichimoku Strategy for Quick ProfitsStep #1 Wait for the Price to Break and close above the Ichimoku Cloud. Ichimoku cloud trading requires the price to trade above the Cloud. This is because it's a bullish signal and potentially the beginning of a new up-trend. The cloud is built to highlight support and resistance levels. It highlights several layers deep because support and resistance is not a single line drawn in the sand. It is several layers deep. So, when we break above or below the Ichimoku Cloud, it signals a deep shift in the market sentiment. A high probability trade setup requires more layers of confluence before pulling the trigger. This brings us to our next requirement for a high probability trade setup. Step #2 Wait for the Crossover: The Conversion Line needs to break above the Base Line. The price breakout above the Cloud needs is followed by the crossover of the Conversion Line above the Base Line. Once these two conditions are fulfilled, we can look to enter a trade. The Ichimoku Cloud indicator is a very complex technical indicator. The indicator is even used as a moving average crossover strategy. Now, we’re going to lay down a very simple entry technique for the Ichimoku Kinko Hyo trading system. Step #3 Buy after the crossover at the opening of the next candle. Ideally, any long trades using the Ichimoku strategy are taken when the price is trading above the Cloud. Our team at TGS website has adopted a more conservative approach. We added an extra factor of confluence before pulling the trigger on a trade. So, after the crossover we buy at the opening of the next candle. Step #4 Place protective stop loss below the breakout candle The ideal location to hide our protective stop loss is below the low of the breakout candle. This trading technique accomplishes two major things. Here is an example of master candle setup. First, it’s significantly lowering the risk of losing big money. Second, it helps us trade with the market order flow. Since this is a swing trading strategy, we’re looking to capture as much as possible from this presumably new trend. We’ll be looking to trail our stop loss level below the Cloud or exit the position once a new crossover happens in the opposite direction. The next logical thing we need to establish for the Ichimoku trading system is where to take profits. Step #5 Take Profit when the Conversion Line crosses below the Base Line We only need one simple condition to be satisfied for our take profit strategy. When the conversion line crosses below the base line we want to take profits and exit our trade. Alternatively, you can wait until the price breaks below the Cloud, but this means risking to lose some parts of your profits. In order to gain more sometimes you have to be willing to lose some. Note** the above was an example of a BUY trade using the advanced Ichimoku trading strategies. Use the same rules for a SELL trade – but in reverse.
BITFINEX:ETHUSDLong
by Tradingstrategyguides
3
BTCUSD edging upwardUsing the same chart as posted yesterday you can see how BTC price movements retested it's 50/200 moving averages. Great scalping opportunities from the first break down to now and they'll continue. Use your 5minute and 1 minute charts to confirm and ladder your stop limits on upward plays. It Looks like 50ema has slightly crossed 200 as typing. Expecting some pullback and short consolidation to begin. Watching TL's and movement on 1&5 min. Also, I'm watching hourly ma/ema ranges and gaps. If bulls can hold positions even with retesting and If higher highs and low's continue I'll watch for low 3700 areas to be targeted.3500 and 3480 range should be retested. Not at all unlikely not for 3400-3460 to be retested...holding those zones and the 200MA is key for bulls. RSI overbought across lower tf's
by CNotes1234