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Momentum Indicator (MOM)

NZDUSD: Ascending Channel into 2nd Level Resistance Test The Kiwi was my sole losing trade last week which doesn't come as a surprise. This trade features a dual level of structure which is always difficult to navigate and although I waited for a conservative entry, I also took a very conservative stop knowing that I would rather get stopped out and retry if the opportunity presented itself vs. using a bigger stop loss and taking a larger loss than I'd want to. Similar to the GBPUSD, Kiwi is putting in an ascending channel where the buying pressure is starting to slow due to both bullish profit-taking and bearish interest at the current level of resistance. I don't know when or if I'll get the opportunity, but I would expect to see some relief in this market the closer we get to the higher level of resistance.
Short
by Akil_Stokes
Long NZDUSD - Monthly BreakoutWith starting this Week, the NZDUSD have make a strong upward movement. Last Week the monthly lows from April have held. In my view, the upward movement has a good chance of breaking through the Month's highs from March and April. The Entry for Longpositions is good between 0.6990 - 0.7040 First Target 0.7100 and the next Target is round about 0.7240 This Trade is more a Position Trade over Days and the Risk/Win Ratio is very good. The Stop is good under the Daily lows, so that 0.6970, better is the Stop under the last Week Highs by 69.30 If we see a breakout over the Monthly Highs by 0.7050, it`s not bad to buy addional longs. Good Luck Michael
Long
by Michael_Frank
Weekly Momentum Change EURUSD We see a strong Week in the EURUSD, with new Yearly Highs. Basically I see a bullish situation in the EURUSD - but addional I see a possible short Trade, for a short time, with good potencial for a winning Trade with 100 Pips and more. The Momentum of the last Week was strong and hard. After such a week, it often happens that the momentum simply reverses. One Point for this Scenario is, that we start with a new fresh Week. This is banal, but works. The cards are shuffled. and this is very common. The other bigger Point is, that you can make a short with a great small Stop. To trade the long Side is difficult, because you can not set a accurate Stop, without a potencial big losses, if the market goes further upwards. For the short Side, you have big potencial and a small Stop. The Risk/Win Ratio is great and we have a new fresh Week. Both Points make a short attractive. Addional we see in the EURUSD, that the Range from End April to beginning Mai, the Target from this Range is now reach. (Range multiplied with two). The short Trade: The best Scenario for a short is, that the EURUSD make not a new Weekly High - but frequently in the fist hours he do this. Aggressive Trader use this Situation for a short or starting the short beginning the Market is open. Carefully Trader are waiting for an hour break down. The first small Target is the area 1.1150 and the Main Target is below 1.1100. If we have on Monday lower Prices and Thuesday a break under the Monday Daily Lows. The Short Position have power to see Prices around 1.10 The Stop for this Trade is by 112.55 and if the Trade are working, change, the Stop above the Monday Daily High. Good Luck! Michael
Short
by Michael_Frank
Break of lower trendline, more downside momentum on DXY likelyThe US dollar index is at a turning point. For close to 6 months, this index has been in a converging symmetrical triangle that was playing out on the daily chart. During that time, many tests of both the upper and the lower bounds of the triangle have happened, but there was never an actual breakout. This has now changed. On Friday, the DXY broke and closed below the lower trendline for the first time. It also broke the 5-month lows and it closed relatively strong to the downside. We need to see what happens next week, but my initial bet is that we might see more downside momentum. This would be in line with multiple setups I have added to my weekly watch list, where I also expect to see the dollar lose some strength. For more potential setups, have a look at my outlook for next week . Find more analysis on smartforexlearning.com and give us a follow: - on Twitter: twitter.com - on Facebook: www.facebook.com - on Google+: plus.google.com
TVC:DXYShort
by UnknownUnicorn553472
USDCHF on the move, potential reversal down in the makingOn the 4H charts, we can see that the $USDCHF is starting to look as if it wants to reverse. Main things I'm looking at right now are the rejection of the larger timeframe downwards trendline, followed by a break of the moving average and (more important) a further push down. A pin and drive reversal entry trigger is in the making with the last two bars. This will start to look familiar if you also checked at my previous charts, but I'm looking for very specific market conditions and these seem to happen at the moment: Clean trend, RSI divergence on the last trend swing, rejection of the trend line resistance, small double top formation and then a drive down. There is a support level relatively close by, at 1.00300, which makes me a bit cautious to get into this setup too soon. I've marked this with the blue horizontal line. Instead, what I would prefer is another run at the trend line resistance, followed by a push down which would mark the start of a new trend. For now, I'm in waiting mode. Find more analysis on smartforexlearning.com and give us a follow: - on Twitter: twitter.com - on Facebook: www.facebook.com - on Google+: plus.google.com
Short
by UnknownUnicorn553472
Potential short reversal setting up for the Swedish KronaOn the 4H charts, the USDSEK is at an interesting point. We can see that for the most of April, the pair has been in a clean and long uptrend and is now in oversold territory (the Fibonacci extension indicates a move well over 200%). Additionally, the pair has reached a previous swing high. This clearly acts as a resistance level, which the price hasn't been able to break. Instead, a double top was created, followed by a strong move lower. For the first time in a long time, our moving average has been broken. This has all the signs of a reversal in the making. An aggressive trader might already be tempted to enter here, but I reckon that the pair will make a retracement to the 9.06000 area first as a way for the sellers to catch their breath. If we see strong selling momentum afterwards, I will be looking for a short entry. Of course, price might move lower straight away too. I've laid out some of the levels (in light blue) where I can see the price hold up a bit or even change direction. However, if the trending markets of the previous months are any indication, we might see a nice move down. Find more analysis on smartforexlearning.com and give us a follow: - on Twitter: twitter.com - on Facebook: www.facebook.com - on Google+: plus.google.com
Short
by UnknownUnicorn553472
Potential long reversal for AUDUSD after reaching 4H swing lowOn the 4H charts, the AUDUSD is at a crossroads. Since around March 20, the pair has been in a downtrend. Especially the last "wave" was very clean and controlled. The pair reached the 161.80% Fibonacci extension and at the same time, we're at a previous swing low which acts as a strong support. Today, this setup gets more interesting. The lower bounds of the support level were tested, over-reached a little, but then shot back up, forming a good size pin bar. The price is still staying below the moving average, but as you might know, I am now waiting until I see a strong drive up (creating the pin and drive reversal entry trigger I often trade). The pin bar, together with the previous test of the support level, creates somewhat of a double bottom. If this holds, I could see the price reverse and move up, with some of the potential resistance levels mapped out in light blue. If the support level breaks, there is a lot of downside for this pair as well. I'm keeping my options open, with a careful long bias. As I said, I'm waiting for a drive candle; a momentum candle to the upside. I have alerts set at 0.75200 and will re-evaluate the price action once the price reaches it. Find more analysis on smartforexlearning.com and give us a follow: - on Twitter: twitter.com - on Facebook: www.facebook.com - on Google+: plus.google.com
Long
by UnknownUnicorn553472
Becn mom squeezed in on weekly daily chart - indicator testingHi guys just testing some different indicators and settings for momentum squeeze setups if you have any preferences i would be happy to here them thanks. i am only looking at the bigger time frames where momentum is squeezed on at least two tf's eg weekly and daily like this one and daily - 4hr etc. Currently running cogchannels and mtrend squeeze with default settings. Just running through becn on the weekly and daily chart can see it has been nicely squeezed in for some time on the weekly and may just be breaking we have broken the high on the move up which looks as though it's just broke from a triangle top, positive divergence on the mtrendsqueeze indicator granted its not major but div none the less
NASDAQ:BECNLong
by wolfstreetswinger
Head and shoulders on AUDCAD daily unfoldingI've been waiting for this setup to unfold for a while now (I was already eyeing the setup in my weekly outlook 2 weeks ago). For the past months, we could see a couple of beautiful swings on the daily for AUDCAD. The price has now reached the previous swing high, which was a strong reaction point last time. As is often the case for a reversal, we can see a head and shoulders pattern forming. The neckline isn't yet broken, but a very nice pin and drive pattern is now showing. This pattern is often the precursor of a big move. Given some patience, this could become a nice entry. I'm looking for the 1.01600 level to break first.
Short
by UnknownUnicorn553472
1
USDMXN setting up for a potential long reversalThis is one of the setups I'm looking at for next week. The USDMXN on the daily has one of the cleanest trends of any pair recently. However, it has been overextended and is nearing the 200% Fibonacci extension level. At the same time, there's a very strong demand zone close by, around the 18.30000 level. Last time that price dipped into this level, it shot up with an incredible force and it only makes sense if there would still be buyers left to pick up the price once again. Technically, we can already see a slight RSI divergence and a slight slow down of the price, but nothing too much in terms of an actual reversal yet. Fundamentally, this setup would be aided by a strong US economy. So far, this is the case and a better than expected NFP release tomorrow would only help. This setup still needs some more time and I expect this to unfold sometime next week. My alert is set around the 18.3 level. Find more analysis on smartforexlearning.com and give us a follow: - on Twitter: twitter.com - on Facebook: www.facebook.com - on Google+: plus.google.com
Long
by UnknownUnicorn553472
Cash bleeding company on a bullish trend how far can this run?PLSE has been bleeding cash for a while now but it has attracted investments from two investors providing cash infusion to help it stay afloat on early February. This is when the stock broke out and has been trending up since then. Even though doom and gloom was predicted for PLSE here on Feb 23 2017 stock has moved up by $7 since then. Yesterday I was expecting a pull back to $18 or a $22 to hold and rip. Now some sort of consolidation would be necessary or else this will get shorted aggressively. Originally posted in : blog.buysellshortcover.com
NASDAQ:PLSE
by Saadey
EURUSD buy opportunity Good morning traders!! I just got long EURUSD. However, there is something important to note here. I believe that this pair will at least test 1.0621, but I don't know if it will do so from here because it could also do it from the lower level. In other words, if this trade fails, I will be ready to look for an opportunity on the lower level of structure. I got long on that huge pin bar at structure. Hopefully we will see some momentum to the upside.
Long
by GasperiniGS
2
Has Blackcoin Bottomed Out?Blackcoin is in an AB=CD potential harmonic reversal zone, accompanied by a 1.13 projection, very nice looking bullish momentum divergences on all the higher timeframes, a possible triangle, and bullish divergent bars on multiple timeframes. This sets us up with a fantastic r/r trade because Blackcoin is a very small coin that could increase pretty dramatically from the current prices. There will likely be significant resistance along the way up, so it will be good to watch and possibly take some profit if the resistance zones hold, and get in lower if the supports subsequently continue to hold. If this support fails then it will be a good idea to steer clear of this crypto for awhile because it will likely go significantly lower, and there is no where you can short it. If support continues to hold, though, this coin could definitely begin advancing over the next couple years. And, potentially, this could be one of the lowest prices we ever see for Blackcoin. Fundamentally this coin seems to have a lot going for it, there's a dedicated dev team and an active community, and the launch seems like it was pretty fair too. More details can be found here: blackcoin.co and in the ANN. If the devs are able to deliver on all of their promises this could end up being a very useful coin, and they already have delivered on a few of their promises and are actively updating their wallet software. Blackcoin definitely has some potential for a bottom here, especially with how bullish cryptocurrency has been in general, and if the ETF gets approved and the bull trend on bitcoin eventually continues a lot of new money will start flowing into all kinds of cryptocurrencies because the media will be all over it again. I think this may just be one of many altcoins that finds a bottom this year if this support holds and Blackcoin starts picking up some of the breadth from the larger crypto bull run. "It is not because things are difficult that we do not dare; it is because we do not dare that they are difficult." -Seneca
BLong
by Intuit
Snapchat IPO: Day 2Since this was a high volatility event, I actually drew the following analysis on a one minute chart, but Tradingview won't let me post the idea unless it is on a 15 minute chart or greater, so please excuse the coarseness. First, regarding the Fibonacci levels, the most important thing you can do is anchor them properly, which is as much an art as a science. I've chosen the open, and first relative high as the anchor points. The first relative high is the point at which the price first pauses, and the 'sickle' shape starts to form. Notice how I set my 50% fibonacci level at this point, instead of the 100%. This is because the sickle pattern is in the process of forming and we don't yet have hindsight as to where the apex is. If we *assume* the 50% level is at the first retracement in the pattern, it is usually pretty accurate in predicting where the apex will be: at 0.618, or 0.786. Next, take a look at the indicators. Red = short term momentum, purple = medium term momentum, and blue = longest term momentum, to sum it up in a very crude way. It's interesting to note that short term momentum actually arced down, indicating there was a lot of selling. This confirms what I had thought, that the insiders were selling off and taking profits from their buy at $17, for a 41% profit. Not bad for a couple hour's worth of work. The interplay between short term momentum and long term momentum (purple and blue, respectively) give you a feel for retracements. That is, when the purple dips, but blue is still strong, the trend is still in place, but the pressure has let up. Notice how blue still remains high, despite purple dropping toward the end of the graph? This tells me that overall, buying pressure picked up throughout the day as we noticed as those 200million shares almost got entirely gobbled up. But the fact that price diverged from long term momentum toward the end of the day leads me to suspect a rally today, even perhaps a gap.
NYSE:SNAPLong
by quantguy