Need to breakout the triangle pattern.1- There is a reverse divergence between MACD and price on Daily timeframe
2-Need to breakout the triangle pattern for Long posision
Macdivergence
USDMXN - Bull huntingplease review a 1 week Div for the USDMXN pair
Fib re-trace will provide key prices to look for while we hunt those all too important candle patterns
I would like to recommend hunting 1 day candles, look for a Bull Fractal before entering the game
potential bottom:
.786 18.11755
potential breakout:
.618 18.95532
take profit
.382 20.13218
remember this is a long study so be very precise with entry and shorter timeframe verification to go long
dont forget to use ATR for stop loss calculation, keep leverage low to support the long trade and in general just try to survive those tree shaking pip stealers
chears
USDTRY Div Bulllooking for an entry - still no sign of bull reversal but it is a div
current rough fib levels
.382 - 3.69127
.618 - 3.79736
.786 - 3.87289
enjoy
Resistance reboundCHK has shown many patterns over the last year, with 3 flags and a double top pattern, and now the stock has broken out a flag pattern and has had a partial rise and has fallen to the support trendline but has had a breakout, this position will lead to the support trendline. Also the 100 MA is providing resistance and thats where the stop is.This is also backed by the MACD divergence.
GBPUSD - Possible reversalThere's a good possibility of going long on GBPUSD. Previous structure broke to the downside (massively) and created a bullish Bat pattern. It might go lower, but there's a trendline (from october 2016) that could retain the market. Also, MACD starts showing bullish divergence.
Sell EURUSDThe bearish tread still stay true. However it is significantly weaker due to political uncertainty.
We will sell at 1.06350
SL : 1.06905 with TP at 1.05513 +- 10 points
GM short entry at top of price channel$GM is currently trading at the top of its price channel and is forming a shooting star pattern on its daily chart. Furthermore, it's also forming a sort of "micro" head and shoulders pattern with the two previous channel highs.
Looking at the hourly shows decreased volume, declining MACD, and declining RSI from yesterday. Combined this presents a very strong bearish divergence which we can take advantage of.
Strategy:
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Enter trade SHORT by COB today or on break of the hourly convergence pattern support line, whichever happens first.
Set price target at $35, but be aware that there will be resistance at the 37.25, 36.60, and 35.53 levels, which all may provide valid exit points. Again, see the hourly charts to clearly see the resistance points at these prices.
set stop loss at top of shooting star or a similarly sensible position.
Reversal Pattern Forming on NZDCADHello fellows. Here on NZDCAD I am expecting to see a reversal pattern forming. Keep a close eye for the move up.
AUDUSD In Depth Analysis Soon we will see this pair reverse and form an impulse to the downside. I have included an Elliott Wave count as long as a fib and pattern trendline to indicate an area that's best suited for a sell. Good luck and safe trading.
NZDUSD - Trend line Breakout - Possible HSH Pattern.The bearish channel has been broken, we had a pullback, and now we are waiting for a new breakout before buying, the idea is also supported by a huge divergence.
As I said wait for the breakout and apply your own strategy for this kind of setup.
CADCHF About to go down.In this moment CADCHF is making a flag, so this could be a good signal to sell after the price breaks the flag down, besides we have a huge divergence between the price and the MACD. Apply your own strategy for breakouts.
AUD/CAD nice short opportunity Good morning traders, good short opportunity on this pair. MACD bearish divergence on 4H and 1H charts, price deceleration at 1.0300 resistance.
I'm going to trade this on a shorter time frame than daily to be sure to be out of it before elections day.
Good luck and trade with care!
AUD/NZD Head and shoulder pattern Possible head and shoulders forming on daily chart, will wait for reversal candlestick and deceleration, bullish MACD divergence showing already.
This would be a medium term reversal fitting in a long term downtrend , so I think after testing 1.0700, price will head down to the 1.0200 level.
Trade with care and good luck!
EUR/AUD short bounce of 20 EMA Greetings traders!
Put a short order on this pair as it could bounce of the 20 EMA and trendline. Doji candlestick and MACD divergence confirm high probability of the downtrend continuing its run toward the 1.4000 support area.
Hope you liked this idea, thanks for the support and good luck!
$CRM Bounce?CRM is currently leveling out around the $73 mark. The past pull back was only to $73. This is a key level of support for the stock. Also, the MACD is curling and could break through. Either way this is a key level. Bounce = Buying opportunity, Drop = wait/selling opportunity
www.trendyprofits.com
gbpusd longAm seeing lower lows on the 30 min chart and higher lows on macd indicator. this shows that there may be a breakout of an uptrend.
NZDUSD Bearish AnalysisSome Fibonacci confluence at a strong structure zone and a trend line resistance.
Some bearish pin bar candlesticks have formed at this level to go along with MACD bearish divergence
Looking for a big correction to the downside
EURAUD BUY-SETUPBuy EURAUD
Reasons to buy:
- Support-zone at 1.44/1.45
- Double-bottom forming
- Lowtest-Doji
- Bullish macd-divergence
Exit points:
1.48
1.51
USDWTI SHORTExpecting some profit taking from the USDWTI longs in the coming days, who entered in the support zone near the double top (RED LINE). Looking for sellers to come in at the 78.6% Fibonacci level which is also being met by the WEEKLY 50 MA and both are within a DAILY resistance area. Price is currently trying to break and close above the DAILY 200 MA (GREEN LINE), it could also be worth noting that there is potential for divergence with the MACD and perhaps more importantly the RSI is nearing overbought levels for the first time in over 5 years on the WEEKLY timeframe.
