JUMP ON THE TRAINTake a short scenic route to some profits.
Why a long trade?
Higher lows developed.
Price has been away from the 50 sma for awhile.
Macd has crossed above the red signal line.
Watch pullback back to between 38.2% and 61.8% fibs then long.
Take Profit at the 50 sma. Confluence with 127.2% fib line.
Tell us how you would trade this pair!
Macdcross
SUSHI ON SALE 100 PIPSYou see here on the 4H the EURJPY is consolidating sideways.
The buyers and sellers are indecisive but I think the sellers will have Sushi Dinner because...
Price is stretched far away from ma's.
MACD is stretched far away from 0 level line.
MACD has crossed below Red signal line indicating possible new direction.
Close trade if MACD crosses above Red signal line.
Let us know what you think in the comments.
P.S. Waiting for our Big Three Indicator to turn Red based on a proven strategy we have been testing may be a good bearish confirmation.
I will keep you posted . Thanks!
ROYT is looking BullishFor those who enjoy swing trading, ROYT looks quite promising. MACD and Bill Williams 3 Lines Startegy show that momentum is entering ROYT, additionally RSI shows that ROYT is becoming slightly more overbought.
Can crude climb up this timeCrude has been negative 3 times a row due to inventory data. Now again US rise their drilling and is expected to be little more bearish. But technicals suggest that if crossover of macd and stochs is completed, it may make a new high. Lets wait and see.
If crossover happens in a day or two, then 1st target would be 46.11 and 2nd target would be 49.71 (if lucky).
Strong Bullish Engulfing Candle on 15min ChartNews that several major crypto exchanges (Kraken, Poloniex) just experienced ddos attacks triggering massive sell offs and margin calls cause a decent dip in LTC, ETH, XMR, and others. Looking foreward I see a strong Bullish Engulfing Candle forming near support and a MACD cross. Looking to trend back up from hear.
Litecoin Bullish Engulfing Candle on a V BottomLitecoin has formed a V Bottom and tested support. A strong Bullish Engulfing Candle has started the rebound. I have seen Sunday mourning historically show a lull in trading and the price testing support. I am looking at the $32.20 mark as a key resistance we may break then more back toward the $35 mark. Support looks to be around $29.85 to $29.30.
Litecoin (LTC) Bullish Ascending ChannelLitecoin (LTC) has formed a new Bullish Ascending Price Channel on 15 minute and 5 minute candles. Support is moving up and LTC is revisiting some key resistance areas from this afternoon and yesterday. Remember the market likes to go where it already has been. Crypto's are very strong right now both ETH and BTC at ATH. Look to segwit completion, coinbase adoption, and lightning network implementation as catalysts for LTC price action. Ive put in some key resistance levels that im looking to see retested.
Momentum Squeeze Play, GSVIncreasing volume, MACD crossover, broken resistance line, squeeze momentum on. Price target of $3.00, for just under an 18% return.
AUD/USD Rising Wedge and Long-Term Channel ResistanceAUD/USD is incredibly close to the long-term resistance and profit potential is becoming limited for bulls. I'm looking to short soon once I can see a clear breakout from the rising wedge. Also, my price target will be .745 to .748, for I believe this will retest the 200 day moving average.
Key Points
- Rising Wedge (Bearish)
- Double Top (Bearish)
- Long-Term Channel Resistance (Bearish)
- MACD Crossover (Bearish)
- RSI (Neutral)