USDCAD - Wait for the BreakoutThe structure is pretty self-explanatory, wait for the breakout to sell, the price is most likely going to touch the past trendline (It can be seen in the daily chart) please apply your own strategy for breakouts.
Moving Average Convergence / Divergence (MACD)
AscendingLonG, TP from weekly chart. SL is no. No Accept LoSS, only win :-)
Previous resistance becomes structure, which is ancient resistance level from weekly.
Indicators have turned up across most timeframes
FIB, ICHIMOKU , MACD , HULL MOVING AVERAGE
some news stuff and also supply & demand
NZDUSD - Trend line Breakout - Possible HSH Pattern.The bearish channel has been broken, we had a pullback, and now we are waiting for a new breakout before buying, the idea is also supported by a huge divergence.
As I said wait for the breakout and apply your own strategy for this kind of setup.
CADJPY - Ascending Channel Breakoutthere is Breakout of the Ascending Channel, the pullback is being broken now, there is also a Huge divergence in the MACD which supports the idea, please apply your own strategy for this kind of situations.
AUD/CHF short ideaCurrently watching AUD/CHF as I expect a downward move to break a multiple time tested trend line and 200 EMA. Price is forming an ascending wedge (bearish reversal pattern), MACD showing bearish divergence.
Still early to enter short, I will wait a break and retest of trend line and 200 EMA.
CADJPYWait for reversal signals before trading the AB leg. Had convergence at the bottom before impulse to confirm the elliot wave.
:)
CADCHF About to go down.In this moment CADCHF is making a flag, so this could be a good signal to sell after the price breaks the flag down, besides we have a huge divergence between the price and the MACD. Apply your own strategy for breakouts.
NZD/CAD setting up for a breakout to the downsideHello traders,
wanted to submit my view about NZD/CAD, as the current uptrend seems to be exhausted, failing now to close past 0.9550. Canadian dollar is getting fundamental support from recent oil surge. Weekly MACD showing bearish divergence, personally I will wait for a break and retest of the bull channel bottom trend line before going short. Wish you all good luck!
USD/JPY Trend Support/Resistance With the Italian Constitutional Referendum, the US rate hike, the Euro is most likely to fall from its support. The USD/JPY being parallel to US Dollar Index, the pair is most likely to rise more, after the market correction in the near future. In the coming week, I think the pair is most likely to fall 110-111 level and after that it would continue its bullish move. So its "short" in near future and "long" in the bigger picture.
$SBUX Follow-through $SBUX is following through on a great last two weeks of price action. On a down day in the markets overall, the stock is up over .5%. The next hurdle to get through is the year long resistance level at $58.10. If this can break and hold, the stock has nothing but clear skies ahead.
www.trendyprofits.com
Trendline break to the upsideMACD crosses up while the channel is broken, looks like a decent move... thoughts?
AUD/CHF short at top of ranging channel Hello traders,
good opportunity to enter short on AUD/CHF:
- failed to break out in mid-October
- failed a second time in early November
- current deceleration + pin bar rejecting 0.7550
- bearish MACD divergence
Channel bounce with the trendReally nice channel with multiple bounces, looks like this one is going to bounce in the direction of the trend... waiting a little longer for confirmation from stochastic, looks good so far... thoughts?
Channel on the daily, think it will go back up?Here's a nice little channel on the daily charts. If stochastic crosses back up, might look to go long, but really waiting for price to go back up and then fall back down in the direction of the trend... thoughts?
Pound/Yen possibly reaching for July resistance.Expecting trend continuation to reach upper resistance at 142.214. That level was previous resistance back in July. I believe this is a Wedge Continuation type of move and will drop once reaching that resistance level.
There was some previous divergence seen in both RSI and MACD but it's become convergent over the last few days and now it appears to becoming divergent once again. I'm thinking this uptrend will becoming to an end soon and that's my basis for my opinion this pair will drop.
Looks like a good bounceStochastic confirms by crossing below 80, good RR for my plan, placing stop at previous swing low... thoughts?
Trenline brokenWas watching this trendline the last few days, finally broke to the upside... thoughts?
Breakout above trendline on daily chartStochastic oversold, then price rallies to break through the top of the channel with ease, wonder how long this will last... thoughts?
Testing the top of the channelPrice is currently testing the top of a channel, stochastics confirms that the price might bounce and head lower... thoughts?
Getting ready for the bounceNice channel formed, anticipating the bounce with confirmation of stochastic... thoughts?
