Get started

Macd-h

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
AUDCAD direction forecastThe pair has reached a major resistance on the daily following the recent bull uptrend. If resistance holds strong a retest of first support is possible for the bulls to load back up in attempt to make a push through the top resistance. Of the support does not hold a retest of bottom support is possible. This would present a great buying opportunity from that level if it was to continue in a straight channel. RSI and MACD indicators are set for a sell off of some sort if top resistance hold. If top resistance does not hold look for that first retest and continuation off next resistance. Please comment with any thoughts and ideas. Thank you.
by Pika7993
Sell (Price action entry point)Presented is the 4 hr chart. Looking for a sell entry based off price action with RSI and MACD technical confirmation. We saw a bull breakout bar with a key resistance rejection following an exhausted bull trend. Based off price action rules a longer full pivot waiting period is occurring along the key resistance (explained on the chart) I will wait for a bearish breakout bar in the 1 hr to enter a sell trade. RSI has been looming along the overbought zone with the MACD set to cross down on signal. Please comment with any thoughts and ideas. Remember my entry rule before making moves. Thank you.
Short
by Pika7993
2