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!
Macddivergence
SILVER sell set up The price has been forming an ascending channel, and it is forming a MACD divergence so we are waiting for the price to break the channel and close below the support zone in order to confirm the change of trend.
Also, look out for possible news that could possibly make volatile.
Comment your ideas!
EURGBP sell set upThe price has broken the ascending channel so we are expecting it to close below the support zone in order to confirm the change of trend and enter the sell.
There are 3 high highs but with MACD divergence so we are expecting it to change the trend in order confirm the sell. Look for the Fibonacci levels for confirmation as well.
Comment your thoughts!
PGR nice even double top and MACD divergence to downsidePGR looks to be rolling over from the double top at new highs. MACD diverging down and the slope seems to indicate PGR should be at just over $80. The pattern took 25 trading days and isnt as even a V-shape as we look for, but going to grab some July 19 80 puts just after the open today. Target to sell before end of the week.
Ravencoin LongRavencoin seems to be in a great position to go long. Aside from my possibly amateur wave counts, RVN is on a support as well as being oversold using my version of the Mayer Multiple. There's also Bullish MACD divergence as well. Putting all of these together leads me to believe that RVN is a safe buy for now and I don't see much of a reason for it to keep going lower.
APBR - ArgentinaPetrobras respeto la base del canal alcista que viene en el que se encuentra operando desde hace ya varios meses.
Actualmente esta luchando por mantenerse arriba de la EMA50 (marcada en color naranja).
Atencion!! Presenta una importante divergencia bajista en el MACD y en el RSI que se viene gestando hace varios meses.
Habra que ver si se mantiene por encima de la EMA50 o si ira a testear la base del canal otra vez.
APBR has been trading in a bullish parallel channel for several months.
It's struggling to operate above EMA50 in the daily chart.
It has successfully bounced from the base of the channel a few days ago.
However it has been forming a bearish divergence both in the MACD and RSI so it would be reasonable
for the price to adjust to this one.
Weekly Watchlist: GBP/USD - July 8 - 12, 2019DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
DAILY:
Price has reached a strong support area. There might be a possible double bottom, and there is MACD divergence. Over extended 50EMA. We might be looking for a reversal.
4HR:
There was a lower test candle printed. Price still below the 50EMA
I would have to wait for a cross of the 1hr 50EMA before taking a long position.
Nice divergence to upside on CNX bought someCNX has this third bottom in place but MACD has diverged up, and prices moving up form the bottom. Options are few and far between as is common with lower priced stocks. Bought the stock 500 @ $7.14. Gonna see how this pans out, MACD says price should be at $7.42 or so. If we get close to $7.40 we'll sell.
USDJPY for buyThe Price broke the trendline of the asymmetrical triangle so we are expecting the Price to seek for the next resistance.
MACD divergence is shown clearly as it is near the resistance zone and bounce back. Also RSI is in oversold and did not crossed the resistance which means no confirmation.
Comment your opinions!