GBPAUD MACD divergence double tradeA repeat of my last trade in this pair, as the underlying conditions have not changed. I see an opportunity to shoot for extended targets as well as a simple 1:1 trade.
Moving Average Convergence / Divergence (MACD)
Bitcoin - Long-Term on Kraken's ViewShowing firstly a new trend provided by Pitchfork . Summarize little bit, Pitchfork is all about to respect these zones (blue, green) and lines (median line, intersection between blue and green, and the extremity). So, if the market respect the trend given by this tool, this Pitchfork will be a great way to be followed. Notice that the price touches specially the median line (red), which is a line where the price continually attempt to return to this diagonal and test this region. Looking previously it is possible to see that with this configuration the median line is touched several times, which make this Pitchfork very reliable for the present moment.
Bollinger Bands shows price within optimistic region. Moreover, it is showing a Bollinger Band strategy called Riding On The Band where basically this strategy will keep working until the next candle close completely inside of the band. When it happens this strategy will no longer be validated.
Based on the trend made by the pointed yellow line it is possible to trace a Trend-Based Fibonacci Extension . So that, it is possible to estimate a target for those whom are already on a long-entry in this asset. A preliminary estimated target is the region where there is a Pivot , which indicate a possible resistance zone.
Exponential Moving Average of 50 and 200 periods show super bullish trend and the markers R.S.I. and M.A.C.D. are not showing any signal of divergence until the present moment. However, it is possible to notice from R.S.I. that the price is in an overbought region, which is a clear indicative that the buying pressure is about to decrease and a correction is about to come. Nevertheless, M.A.C.D. still showing that there is more space for higher prices, and what show this is the fact that fast length (blue line) is a little bit spaced from slow length (orange line).
To interact with the chart above, please click below on RELATED IDEAS.
Looking-up it is visible that Ichimoku Cloud still showing that Bitcoin is in a bullish momentum, and as described above the Pivot R3 and R4, which represente support and resistance respectively, match pretty much with Trend-Based Fibonacci Extension that is given by the pointed yellow line.
GBPCHF MACD divergence tradeA slight MACD divergence has formed on the GBPCHF MACD, together with stochastic overbought conditions. This makes me believe the price will test the previous resistance level.
AMD MACD divergence tradeA bit unusual trade for me as I usualy only trade forex. But the conditions are present: MACD divergence together with stochastic oversold conditions. This is also a nice gap filling trade.
GBPAUD MACD divergence shortThree MACD divergence hills together with stochastic overbought conditions make me believe, we will see a retracement back into previous resistance. The chart looks especially beautiful this time, let's see if it's successful.
AUDJPY MACD divergence shortI see a hidden divergence forming on the MACD together with overbought conditions on the stochastic, making this a nice trend continuation trade for me. Stop loss is as always, previous high + ATR. Target are at the previous resistance levels.
USDJPY MACD divergence shortAdditional MACD divergences have formed on the USDJPY, together with overbought conditions on the stochastic. I expect a pullback into the previous support level.
READY - STEADY Sorry for my Head and Shoulders analysis completely wrong i cant delete it .First of all, the downward trend has to be passed completely. RSI is weak now too.If USDTRY can break MA20 too, we must do other technical analysis.
GBPUSD MACD divergence shortDivergence has formed on the MACD of GBPUSD together with stochastic overbought conditions. I expect a retrace back into previous structure.
NZDUSD MACD divergance longA divergence has formed on the MACD together with oversold conditions on the stochastic. This makes me believe the price will rally up into previous resistance.
USDCAD MACD divergance shortThe divergence is still present on the MACD together with overbought conditions on the stochastic. I expect a retest of the previous support levels.
AUDCHF MACD divergance longTwo regular divergences have formed on the MACD, together with oversold conditions on the stochastic. This makes me believe the price will go up at least until it hits the first resistance level.
a new and differnt forecasteurcad is giving me some problems.. this is my new forecast of what can happen.
you can compare it with my previous one. watch my page and write your opinion about it :)
have a nice trading
EURJPY MACD divergence shortFX:EURJPY Another pair with a hidden divergence formed and overbought stochastic conditions, ready for a retrace back into previous support.
USDJPY MACD divergence shortFX:USDJPY A lot of MACD hidden divergences have formed, together with the stochastic overbought conditions, makes me think we will see a retracement back into previous support.
AUDNZD MACD divergence shortFX:AUDNZD A hidden divergence has formed on the MACD, coupled with overbought conditions on the stochastic. This makes me believe we will see a return back into the previous support level, to continue the trend.
USDCAD MACD divergence shortFX:USDCAD A long term divergence has formed on the MACD, coupled with overbought conditions on the stochastic. This makes me believe we will see a return back to the previous support level.
FMG bleeding Fortescue has gapped down from the daily 150MA on the back of iron ore, may attempt to close the gap then sink again
$XAUUSD / GOLD Swing Short swinging gold short I've labeled everything on the chart i am in the trade now, two days of very bearish candles right on strong resistance/ Fib line. i expect it to drop to the next Fib line/green trend line then retrace slightly i may add to my positions here. then down to the Final TP is market conditions are good. MACD crossover indicates Bearish momentum. a break of the resistance zone would be bullish. Gold is in a long term down trend and is very close to the top of the bearish channel.
Murrey's line and MACD strategy system (experimental) How you can see btcusd okcoin futures in a channel, between Murrey's line 4/8 and 6/8. Daily MACD under zero line its still bearish. Break up or down the channel will be powerful!
