MACD Divergence and Pattern Setup On AUDJPYThere is divergence on MACD and we have a pattern setup. Look for a sell at the top and see if we get a break at the bottom. Good luck to all
Macd-h
EURUSD near a breakout period looking on a previous trend we can see that EU has recently touched the trendline for the 4th time, however, given previous supports in the 1 hour an aggressive entry could be a good idea in order to get filled. Given the MACD overextended on the previous up move, we should expect the price to retrace before going back up, though a move up could also create an entry signal by breaking the downtrend and possibly send price into consolidation for some time given the near overbought conditions.
Good sell opportunity with a decent Risk reward ratioA few things here
Broken support line
MACD has just crossed and entered the sell zone, shown by arrow
RSI has a broken pattern as well, indicated by the arrow
To set stop loss level, it is clear there is a strong resistance at around 1.075, as it bounced back down twice from this price, so 1.08 is a safe level
As for the Reward, Fib and previous structures show there is a potential turn around at about 1.05 (also because its a round number as well)
Let me know what you think guys :)
NZDUSD: Starting to break the trendline, might be reversingNZDUSD 240 chart, starting to test the trendline, looking to break through... going to watch this one as it's sitting right on R1 on the monthly pivots... expecting price to start dropping in the direction of the monthly pivot point... thoughts?
USDCAD: Possible Short?Looking at the monthly pivot points and the trendline, I'm expecting price to test the trendline and start moving down to S1... thoughts?
EURUSD bounce backI think that the there is an option to go long on this pair in the short term. It is failing to break the S1 pivot support level, I'm predicting a TP @ the pivot level. Further MACD analysis confirms this and indicates a trend reversal. Good luck!
Filling the Gap?For the past month, price has been pushed down slowly staying near support for most of the time. Also, the 20ma has been acting as a dynamic resistance, and price has seen more resistance from a descending trend line.
Price has just broken and close below support (Double Blue Line)
Price has also closed below the 50ma, which has acted as dynamic support/resistance in the past.
There is also a head & shoulders pattern on the MACD Leader, and Insync Index
Price target is $87.88 for a R:R of 4.47
Went short with an entry of $99.06 after seeing a break of $99.20, Stop loss at $101.57
GBPUSD - LONGMonthly price action seems to have found support and printing large lower wicks
Weekly Double Bottom
Weekly MACD Divergence
Daily Price broke above a key Resistance level and also above a dynamic trend line
Price holding above all key resistance levels
Amazing Setup on NZDJPYHere I am looking for another leg up to continue the broadening ascending wedge on NZDJPY. Good luck and safe trading
Power of MACD DivergenceThis post doesn't do some trading recommendation for you. I want to introduce you the powerful trading pattern ——— MACD Divergence. In October 2014, as you could see a divergence appeared with a week scale. The divergence method could trading at a not bad price relatively. But a thing you have to notice, you have better find your way to offset position. It won't have a pair to pair divergence in the period. For example, you might using 20 to 60-day of moving average as your offset strategy.
AUDUSD In Depth Analysis Soon we will see this pair reverse and form an impulse to the downside. I have included an Elliott Wave count as long as a fib and pattern trendline to indicate an area that's best suited for a sell. Good luck and safe trading.
Short Term Short EURUSD and Long term Long EURUSDEuro may drop on Monday allowing for USD to gain some pace but in a long term basis, Euro will look to strengthen against USD
Euro may achieve the 1.08000 handle around middle of the week.
EUR/GBP Head and shoulders forming After 01/17 strong bear move, the possibility of h&s forming on EUR/GBP is now taking a solid shape. Should we break Daily 50 ema, next stop would be the neckline @ 0.83800, coinciding with Daily 200ema/Weekly 50ema.
Bearish MACD divergence is just the icing on the cake. Of course as always let's respect price action and wait for a confirmation of the direction before committing to a trade.
Cheers!
AUD/JPY Shortshort on audjpy after pivot resis bounce, ma's looks like their turning, macd is almost crossing, rsi is going down, i think´altho its going to break trough weekly resis
Possible Short SqueezePrice has bounced off of a significant resistance level (Blue Line)
I have gone long after seeing bullish divergence (Orange Lines), along with an increase in volume.
$EVH also has a high percentage of its float short at 34.20% , which has me thinking that with the recent bullish move, a large short squeeze may occur.
Price target is $18.00 for a R:R of 4.42
Went long with an entry of $16.32 after seeing a break of $16.30, Stop loss at $15.94
AUDUSD Long Idea Using MACDThis a simple way of using MACD to predict impulses. These small blips (spheres) serve as buy signals. The blips form when corrections appear after impulses. So on our indicator window watch for a small blip into the red histogram and buy around the trendline. Good luck.
Day Trade (2:1 risk reward)Coupled with RSI and MACD, I have drawn the support and resistance line for confirmation. During the asian session, EUR may rise to 1.068 range or slightly higher. From there take a sell trade and set your stop loss at 1.07208 and TP at 1.06038.
Time Warner (TWX) Heading for Crash?Technical:
It seems TWX stock is now heading for a disaster, looking at the monthly and weekly charts, we have just completed a very lengthy correction, over several years in the making. My Elliott wave analysis for this pair, shows that if the current trend continues, the next impulse wave will send the stock to a crash. MACD confirms the end of the current upmove (the correction) and will now start to continue in a bearish trend. RSI and Stochastic, both indicate Overbought condition which aligns with the downward trend on the chart.
Fundamental:
Due to the continual irresponsibility of CNN management, employees not checking sources, stories and basically broadcasting irresponsible journalism and basically perpetuating political bias (where no doubt stakeholders have also been offended), the market is fast losing confidence as, once President Trump enters the White House after the official inauguration, legal and federal action will most likely be taken against the broadcaster and several anchors, thus the value of this stock will drop considerably, very quickly.
CNN has already been caught out numerous times in broadcasting fake news, all based on innuendo and rumor, without being fact based. This last episode today (12-Jan-2017 goldengatepee), originally published by buzzfeed, is noted as being totally fake. CNN's management have also failed to address this problem, as it seems anchors and journalists are making core decisions, rather than CNN's management. In my opinion, CNN is in an absolute mess and stakeholders are getting cold feet. The only way to save the stock, would be to address political bias and lazy journalism, something I cannot see happen anytime soon.
Therefore in lieu of the above analysis, I'm going to short this stock, trading with larger than usual lot size in order to maximize profit. If this trend is confirmed within the next couple of months, we should see a very rapid drop, at least to the base trendline, within a relatively short amount of time.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
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Divergence MACD- OILWe have clear divergence at MACD. In addition RSI is overselled. Good price to search a rebound to moving average.
Gold ChannelingHey Traders, today on Gold we have an ascending channel. From the looks of it there is a corrective structure which should reach the bottom of the channel. If price reaches the bottom I will look to buy. With the help of MACD price is very predictive. There are big bullish formations on the MACD and very small corrections, so just as my notes in the chart say, we will look for the small corrective formation and go long on the next move up. Good luck and cheers everyone.
Silver daily - Bullish divergence and price action at supportAccompanying the hourly chart on Silver, we see bullish divergence from the last few lows in the price, and we've also seen a good reaction at a previous area of support and resistance.
You may want to look at my hourly chart for silver (linked to this idea) to refine an entry on lower timeframes, but I believe even if we remain in this mid-term bearish trend since the June high, we can still see a bounce to the 18 level at least.
See hourly chart for lower timeframe targets.
Be aware of patterns forming here, if we find resistance push us back at 17, but also continue to see bullish pressure leading to a lower low, you're likely going to see an inverted H&S set up, which would suggest targets even beyond the target resistance marked on this chart. Get a good entry and then assess the price action on the daily or 4H charts to see if holding for higher is right for you.
NZD/USD LT viewAfternoon guys,
Hope you all enjoyed the Christmas break and are ready for another year of thrashing the markets.
NZD/USD is currently looking extremely bearish for the following reasons:
- Break of the neckline of the H&S, implying downside movement to 0.66150;
- Break of the trend line support from Jan to June lows;
- Break of the 200dma.
MACD and recent price action suggest that a pullback is imminent. I suggest shorting this pair at 0.70047 (.382 retracement of 14-22nd Dec move) and adding further damage if we see a retest of the trend line support.
This is a technical play at heart, although various fundamental factors including broad US$ strength during 2017 (see related idea), the commodity bloc currencies' position of vulnerability to worsening yield differentials vis a vis the USD and the propensity for loss of ground if the risk environment begins to deteriorate favour n/u shorts.
