Macd_divergence
EURAUD LONGBounce from Fib and Moving Averages gives hope that red resistance line could be broken. MACD going bullish, together with RSI and Stoch might give enough power for pair to break trend upwards. Hoping for strong euro tendency from last week to continue (effects of CETA agreement).
RISKY, if trend not broken, I'll be looking for short.
NZD/USD Pin candle formationNZD/USD may be slowing down its momentum and could provide a nice opportunity for a quick trade.
-Pin candle formation at resisitance/swing high on 1H chart
-Pin candle formation on daily chart
-Stochastic RSI about to cross in overbought territory
-MACD bearish divergence
-RSI bearish 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
MITK Long: Bat Complete at 100 Day EMA SupportMITK has completed a bullish bat in a with a PRZ that is confluent with support from the 100 day exponential moving average. To add to bullish bias, 2 missed weekly pivots sit above price. Entry is placed at the bottom of the PRZ with target at the missed weekly pivot from 12/14.
Confluence in the PRZ:
Bullish bat
2AB=CD
2.272BC Projection
EMA100 Support
Bullish MACD Divergence
S/R Zone
Missed weekly pivots above price
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 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 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
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