GBP/USD - What Will be The Signal For Reversal Opportunity.GBP/USD is in amazing rally for the last 10 days,
For now, I prefer to look for a reversal signal.
If the price will breakout the support below it will be the signal for changing momentum to bearish,
In that case, I'll look for a price action setup to sell GBP/USD.
In addition, there is a significant MACD divergence which indicates the buyers running out of power.
The target for the sell position will be the demand at the bottom.
Macddivergence
One and DoneI opened a position here on ONE. I like the potential macd bull cross, with upticking histogram, bull break of the pennant and declining dominance. I'm in!
#ONE/BTC
Exchanges: Binance
Signal Type: Regular (Long)
Entry Zone: 74-76
Take-Profit Targets: 80-90-100-110-120
Stop Targets: 71
Risk: 6.58%
Rate: 75
ENGBTC Bear scenarioConsidering the daily time frame showing possible bullish divergence.
If we're following Elliott wave theory it seems a long WXY correction is not yet over. As it must respect Fibonacci ratios which are most the golden ratio of 61.8.
The bull scenario here if it will break out from the trend line resistance. It's still possible since bullish divergence is already present.
GBP/JPY Performed a Double Bottom After MACD Divergence.The price has performed a double bottom pattern on the D1 chart,
Also, while the price created the double bottom the MACD created a higher low, which's called MACD divergence.
The combination of double bottom and MACD divergence creates a great setup for buy position.
If the price will break the resistance above I'll look for a buy signal,
If the price will move down toward the demand below I'll buy at the demand,
For both options, the target will be the resistance at the top
GBPUSD sell set upThe price has broken the trendline and we are waiting for it to close below the first fibo level of .236. Once it closes it is a good opportunity to sell but to have another confirmation of the bearish trend you could wait to close below the support zone.
There is MACD divergence with RSI divergence as well.
Comment your opinions!
USD/CHF: Day-Swingtrade-OPPORTUNITYHey tradomaniacs,
welcome to another free signal of WEEK 38 NR. 13
How to trade: Wait for the breakout of the rising Wedge and the horizontal Support-Line!
We want to see an S&R-Flip before we sell!
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Type: Day-Swingtrade
Sell here: 0,99050
Stop-Loss: 0,99555
Target 1: 0,98500
Target 2: 0,98180
Target 3: 0,97950
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Huge BTCUSD gains by trading MACD DivergencesI've been playing around with the AutoDivergence Strategy on the 1H BTCUSD chart (Bitfinex) and tried some "unconventional" settings
As with a lot of other Crypto-Pairs, trading only longs seems to perform much better than going long AND short.
I configured AutoDivergence to use the MACD-histogram as an oscillator to find Divergences. I started to increase the oscillator length and the results kept getting better - "25" seems to be a perfect length.
By reducing the number of candles that need to diverge to 4, I got more signals while still maintaining a high profitability.
Find MACD Divergences on the EURUSD 1H ChartHere are the settings that can be used to find divergences of MACD vs. Price on the 1H EURUSD chart:
AutoDivergence Settings
To automate this strategy you would need to apply the AutoDivergence Study to the chart - check that the properties are set to the same values as for the strategy.
Luckily OANDA is supported by autoview, so you can automate the strategy. Or if you prefer a more manual approach - just use the Email-Alerts to get notified if you need to enter or exit a trade.
Comparison of PRISM and FG-DIVERGENCE generated Buy/Sell SignalsPRISM Signals (Lime/Red)
Buy/Sell signals based on filtered pSAR-based Monemtum/Acceleration/Jerk oscillator.
[ p.Doji ] marks points of market-indecisiveness, and where typically, significant volatility and movement is about to occur ahead.
FG-DIVERGENCE V4 {50/15-Series} (Light-Blue/Orange)
Buy/Sell signals based on Momentum/Acceleration hybridized FUSIONGAPS oscillator.
Seems to have a high hit-rate for local tops and bottoms at different time-frames.
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The above are based on the following two respective Indicators
PRISM Signals
FG-DIVERGENCE V4 {50/15-Series}
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Related Indicators
PRISM {PSAR+RSI/STOCH/MAJ Oscillator Set}
FUSIONGAPS V4 {50/15-Series}
FG-DIVERGENCE V4 {50/15-Series}
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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
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Please check out my other indicators sets and series, e.g.
LIVIDITIUM (dynamic levels),
AEONDRIFT (multi-levels standard deviation bands),
FUSIONGAPS (MA based oscillators),
MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
PRISM (pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
PDF (parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level)
and more to come.
Constructive feedback and suggestions are welcome.
If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~ JuniAiko
(=^~^=)v~
WDC now at a triple top with downside divergence on MACDWDC now at a triple top with downside divergence on MACD, its a short week next week but there's room 53.5 sept 6 puts to play out picked up some at 26 cents, in this case holding over the weekend unless we have a final hours strong down. the weekly is at a longer term topping area but no divergence on MACD.
GBPCHF sell set upThe price has formed a double top within the descending channel so we are expecting to continue the bearish trend but we are waiting for confirmation once it closes below the support zone in order to enter the buy.
This one should be a short-term one. Also check for the macd divergence
Comment your ideas!