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Macd_divergence

Long NZDUSD: Cypher + Shark + Pivots + Divergence + Oversold +TLNZDUSD has entered the PRZ of two bullish harmonic patterns. The PRZ is supported by two weekly trendlines and a series of missed pivots sit above price which may help add to bullish bias as well. Divergence can be observed on both MACD and RSI oscillators, in addition to an oversold RSI. Entry is placed at the base of the PRZ with SL below the second weekly support trendline and targets at .5CD and the unhit pivot cluster near the BC terminus. Bullish Confluence: Bullish Cypher Bullish Shark 2 Weekly trendlines Missed pivots above price MACD Divergence RSI Divergence RSI Oversold 1.618AB=CD 1.272BC Projection
Long
by glennmercer
4
Long EURJPY: Bat + Wolfe + AB=CD + Divergence (2X) + TL SupportEURJPY is nearing the PRZ of a series of bullish patterns. A medium term bullish trendline may add support to the reversal zone. To add to the bullish bias, MACD and RSI have both printed bullish divergence. Entry is placed in the center of the PRZ with SL below structure lows and Bat X point and target at .618CD. Confluence in the PRZ: Bullish Bat Bullish Wolfe Wave Bullish AB=CD Bullish MACD Divergence Bullish RSI Divergence Bullish Trendline Support
Long
by glennmercer
Long GBPJPY: Bat + Crab Complete at Weekly Trendline SupportGBPJPY has entered the PRZ of two bullish patterns on the daily chart. The PRZ aligns with both horizontal and trendline support which may add to the potential for reversal at this level. Multiple unhit monthly and weekly pivots sit above price and may help pull price toward target. To add to bullish bias, MACD has produced bullish divergence and RSI is oversold. Entry is placed at crab completion with SL below horizontal support and targets at the unhit January, 2015 pivot and the 50% retracement of the bullish bat CD leg. Bullish Confluence: Bullish Bat Bullish Crab Weekly horizontal support Weekly TL support Multiple missed pivots above price Bullish MACD divergence RSI Oversold
Long
by glennmercer
Long EURCAD: Gartley + Shark + Crab + Pivot + DivergenceEURCAD has entered the PRZ of three confluent bullish harmonic patterns within a tight PRZ and fib cluster. The .382 Gartley and Shark target aligns precisely with the new weekly pivot and the .618CD target for the bullish crab. To add to bullish bias, divergence has been printed on both the RSI and MACD oscillators. Entry is placed at the center of the PRZ with target at the .382 retracement of the larger CD leg and SL below .886XA on the Gartley pattern. Confluence in the PRZ: Bullish Gartley Bullish Shark Bullish Crab AB=CD (Gartley) 1.5BC Projection (Shark) 3.382AB=CD (Shark) 2.786BC Projection (Crab) 2AB=CD (Crab) Bullish RSI Divergence Bullish MACD Divergence Unhit weekly pivot above price
Long
by glennmercer
4
EURUSD Short: 3 Bats Align in Tight PRZ at TL ResistanceYesterday I published a EURUSD short on a bearish bat pattern. The bat has hit TP1 and is retesting the PRZ. If you missed the trade, this is a great opportunity to enter. A rare opportunity has presented itself where 3 bat patterns have aligned within a very tight reversal zone. The PRZ aligns with trendine touching the X points which may add resistance in this area. We also have very strong bearish RSI and MACD divergence with RSI being overbought as well. Target is placed at the bottom of the PRZ with SL at 1.13XA (yellow bat) and TP at the missed weekly pivot and .5 Fib level. Confluence in the PRZ: Bearish bat (240m) Bearish bat (60m) Bearish bat (15m) Bearish MACD divergence Bearish RSI Divergence RSI Overbought Missed weekly pivot below price
Short
by glennmercer
4