Get started

Momentum Indicator (MOM)

EURUSD: Fifth wave impulse is now a real possibility Last week I published an idea that this pair would be looking to retrace down in accordance to the wave count it was following, unfortunately in that example the price didn't reach our entry level but I believe we are presented with an excellent trading opportunity here. This pair has now retraced down to a 38.2% fib level completing the 4th Elliot wave impulse to allow for a last movement higher. A tweezor bottom bullish candlestick pattern has also formed on this daily frame which is being supported by Kijun Sen (base line) as the price continues to trade above the kumo cloud. The wide gap in-between the base line and conversion line is indicating to us that a sizeable move is imminent and according to my idea, this move will be bullish. Fib extension level 161.8 is a potential target but I will be looking to take profits from 1.13900 as I ultimately don't see this pair posting a higher high as parity is a very plausible option sometime this year.
Long
by TradeHuntFx
Short On GBP/USD SELL SELL SELL !!! Reasons for -On the four hour we have been testing that upper trend line for some time now and price simply aint breaking it -Also we are putting in Lower Highs A sign of change of trend and a reversal -We also have broken our Wedge to the downside which confirms bearish momentum -We have also Held at the 0.618 Fib levels numerous times from the highs high on the up move Therefore i believe the 4 hour timeframe is bearish Daily -On the daily we are clearly in a long term down trend -There alot of wicks to the upside shows more selling pressure -This pull up can be seen as a small correction -After todays candle which is shaping up to close as a bearish engulfing if so A bearish reversal sign -Also price closes bearish it would have engulfed almost 4 days worth of price action -Fridays candle was a doji so this signifies indecision so price putting in a Bearish engulfing gives us the signal that we are going Bears again -We also trading at a key level of 1.45000 that has stalled price and show RES Therefore i believe the Daily is bearish Weekly -Firstly last weeks candle was a doji on our key level of 1.45000 -Yes i no we are only 2 Days into the week (Tuesday) But if this week carries on being bearish we could be looking at a long term selling setup But we will wait for that to happen -We are clearly down trending on the weekly The trend is your friend ;) -So the bullish movement we've had over the past two weeks could be a simple correction before another move down and create another Leg down -Also we are near all time lows so perhaps we are going to test that again before anymore bullish movement (LongTerm) Therefore i am bearish on the weekly too My Entry : 1.44350 3 Timeframes all bearish :) Only 1-3% of account proper risk management Trade safe If you liked this analysis and Setup Follow and give thumbs up Also id love to hear what you guys think of the setup :) Wishing everyone a great trading Week :)
Short
by ARFXC
30
Long On EUR/USD BUY BUY BUY !!!Reasons for -After huge move and break out of box range a week ago price has risen and become very bullish -Therefore i believe it will continue to rise till 1.15000 -To confirm is bullish strength it has made higher highs -And higher lows -Creating a structure -Also on the four hour we can see a long bearish wick to a downside which shows more buyers then sellers -Then the next candle after that is a strong bullish candle to confirm the bullish momentum -We also broke our key level to the upside 1.1000 so it adds to the bullish setup If we go to the daily We are clearly making higher highs and long term is very bullish after we broke the key level alot of people have anticipated 1.11500 for a long time and now the dollar is weak this would be the perfect time altho im already long from 2Pm for a news setup i had and currently in nice profit id advise people to go long now as it would be the perfect time Trade safe only risk 1-3% per trade :)
Long
by ARFXC
25
EURUSD: Chance for the Bears to make some moves...Off the back of the Federal reserves interest rate hike decision last year, this pair entered a long period of consolidation before finally breaking to the upside during the beginning of Feburary and proceeding to complete an Elliot wave cycle. A possible imminent Bearish run presented itself during the Friday trading hours as the price broke through the Kumo cloud of the Ichimoku indicator with the conversion line crossing through the base line. A selling opportunity arises upon the retest of the base of the cloud which has aligned with a 38.2 Fibonacci retracement level. Ideally a Bearish reversal candlestick formation will present itself in the sell zone to warrant us entering the trade. Bearish divergence is present on a Momentum indicator as well as showing that the price is gaining some Bearish momentum by being below the 0.0050 handle. Profits will be taken at the 161.80% Fibonnacci extension level while stops should be placed above the cloud (1.13082), this affords this trade an excellent risk/reward ratio. Please leave opinions/thoughts in the comment section!
Short
by TradeHuntFx
The Beginning of the Next Bitcoin Bubble (Elliott Wave Analysis)It looks like Bitcoin has just completed Wave (c) which is most likely a terminal impulse. This means that the overall (unconfirmed) pattern is an Irregular Flat on the daily time-frame, however, this pattern remains unconfirmed until we break the 0-B base line. Until then it is still possible that a triangle could form here. If this is actually an Irregular Flat then the target could be anywhere from 700-1125usd for this impulsive wave, if its a triangle the target could be as low as 600usd. The terminal is more or less confirmed though so I am betting that this is the bottom and we'll get an extremely strong leg up from this point on. Momentum on all timeframes agrees and we are starting to trend up pretty hard. Being that this is a terminal the retracement of this entire pattern should be very fast. My time targets for the end of this "bubble" are around the time Quarterly settlement is for OKC Futures, which is March 25th, either on or around that date will most likely be where the top is. It looks like the bottom is in here so it would be a good idea to stop out if the bottom of wave (c) does not hold. Everything looks good from here though, the bears are out of momentum and we still need another impulse to follow the trend we started back in November. any downside should be short lived until we get near the top. Good Luck and Happy Trading!
BITSTAMP:BTCUSDLong
by Intuit
9
Short On AUD/USD SELL SELL SELL !!!(Change of heart after break)Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is an aggressive entry you may want to wait for the pull back :) On the daily we have put in a bearish engulfing also the previous daily candle was huge bearish candle ! on the daily we can also price making Higher lows ! so we are headed down now i believe My entry 0.70430
Short
by ARFXC
15
Long On AUD/USD BUY BUY BUY !!!Reasons for -Firstly we are up trending on the 4 hour -We are making higher highs so to signify uptrend -We cleared key level of 0.7000 -We are trading above the Key Level -We are due for a new higher high and a impulse move to the upside -We also have come to the trend line and has show Strong level of support -Also on the trend line we have reacted and put in a Bullish engulfing -We are showing bullish momentum Also on the daily we are making waves and impulse moves We can clearly see a uptrend All this Put together we are bullish My entry 0.70950
Long
by ARFXC
23
Short On USD/CAD SELL SELL SELL !!!Reasons For -We are now down trending on the 4 hour chart -We always want to trade in the direction of the trend -We are making lower lows and lower highs -We are trading below key level at 1.4000 Which we broke with a strong downside move -If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level -Sign of retrace Over ? -We have put in two dojis in on the 4 hour time frame -We have also come to our trend line that is acting as Res and also showing signs of bullish weakness So if we put all those together on the 4 Hour time frame we are extremely bearish If we look at the daily -We are also making new lows and currently in a new forming down trend The trend is your friend -The biggest confluence for me is we have broken the previous higher low on the daily when the uptrend was in affect we have come lower then the previous higher low Which also signifies a change of trend and direction -So after all the bullishness over the past couple years isit over ? well for now we are in full affect to make a new lower low in this current trend which is at 1.3500 Heads up Remember guys this pair is heavily influenced by Oil so it is a more risky pair to trade but in terms of technicals it is a great setup :) Also my entry is very aggressive id recommend waiting for a strong bearish candle on the 4 Hour time frame to confirm more confluence and be a strong selling setup as it confirms our momentum which is bearish So id Recommend waiting but if your a risk taker like me join me lol ;) Only 65 pips Risk well worth the risk with a great Risk Reward of 1:6 :) Trade safe My entry 1.38897
Short
by ARFXC
38
Short On EUR/JPY SELL SELL SELL Reasons for On the 4 Hour -We have been bearish since the trend line putting in nice big bearish candles -We have broken our counter trend line -We also have nice long wicks on the upside -This shows me there is more selling pressure On the daily -Firstly this is a long term trade -We can see price is down trending on the lower time frames Always go with the trend -Price has come to our major trend line and bounced of as trend line is acting as Resistance -Price put in a doji almost right on the trend line then a nice big bearish engulfing -This clearly signifies to me there is alot of selling pressure at this level -Also we have been putting in lower lows and lower highs (Clear down trend formation) Price has always reacted from this trend line so i dont see why it wont again also following the trend this is a setup i like nice and high probability So is it possible to put a new lower low ? and make it all the way down too next key level off 125.00 My entry 131.045
Short
by ARFXC
26
USDCAD 60min Balance Area BreakoutUSDCAD has retraced almost back to Daily Support and is balancing just ahead of the Support Zone. These Balance Area's make for good Breakout trades. Balance areas are simply just Accumulation or Distribution (we don't know which one it is until the market tells us, which is done by breaking out). This trade will be valid which ever way it breaks. I would think a breakout to upside would gather the most traction but you never know! RSI is starting to give a clue by showing some Bullish Divergence. Although, this is not a signal to enter the trade for me. Entry - I use a Break & Close out of the Balance Area for my entry. Stops - I use 1 ATR Above or Below the Breakout Bar. Target#1 - I use a measured move of the Balance Area (Blue Line). -For the Upside break, Target #1 has confluence with Structure and a 38.2% Fib Retracement from the highs. -For the downside break, Target #1 is simply just the measured move. Target #2 - I use the next Major Fib for Target #2. -For the upside break, Target #2 has confluence with Structure and the 61.8% Fib Retracement from the highs. -For the downside break, Target #2 is simply just the 1.618% Fib Extension. Best of Luck!
by PateSkpate
12
Short on Aud/Nzd SELL SELL SELL !!!Reaons for -Firstly we are forming a triangle -We have just bounced of the trend line with a bearish engulfing -Also a bearish hammer has been put in place -We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again Price action leaves clue in structure :) If we go to the daily Timeframe we can see -Lots of long wicks to the upside suggesting more selling pressure -Price bouncing of trend line acting as Res This setup aint the best simply because we prefer setups that include breaks of trendlines or triangle formations etc but it will do as theres not alot going on in the market and lots of news about altho its a good setup just not as many confluences we would like our entry 1.07731 Happy trading :)
Short
by ARFXC
1
Bitcoin Double Combination Breaking Down (Elliott Wave Analysis) Continuing from the last chart that I published, It looks like we just completed Wave (b) as a double combination. The confirmations are the count (zigzag x triangle), the break down of the B-B baseline, the break down out of the A-A Channel, momentum divergences, and the time of Wave (b) being just slightly longer than 1.0 of Wave (a). Also the fact that this channeled so well is a good indication that the whole move is a complex correction and not an impulse. The implications of this pattern are actually very bullish, that being said we shouldn't retrace more than 80% of Wave (b) on this bear run which will form a c-failure flat (or possibly a non-limiting triangle, depending on if wave (c) is impulsive or not). Since Waves (a) and (b) are so similar in time, it is very likely that Wave (c) will either be much shorter in time (probably 0.618 of Wave (a)) OR much longer (probably the length of (a)+(c) or 1.618 of (a)) and it definitely will not be the same length in time as either (a) or (b). I think that it being shorter is the more likely scenario because that actually puts this time target right on New Years Eve around 11pm EST which I think is perfect because there is suppose to be a lot of news for Bitcoin at the start of 2016. This downtrend will give us just enough room to trap out a lot of bears and get people to close their longs which will help compound the strength of the uptrend once everyone starts panic buying and closing their shorts. Since this double combination ends with a non-limiting triangle we should not return to the apex of the triangle, if such a scenario occurs it would be smart to close shorts until a new count can be discovered and confirmed. For now, though, this looks like a great place to go short. “Don’t let the fear of striking out get in your way.” -Babe Ruth "Every artist was first an amateur" - Ralph Waldo Emerson Good luck and Happy Trading!
BITFINEX:BTCUSDShort
by Intuit
4
SUNE market changing sentiment to bullish, technical confirmedThe last time MACD crossed the centerline was from the positive side, and the 80+ percent drop played out over the next few months (highlighted in light red). The MACD is about to cross the centerpoint from the negative side indicating the long down trend and negative direction in the chart has ended and we are seeing a start of what could be a lengthy bullish trend. In addition as further confirmation, a long downtrend has been pierced and closed above (long green line).
SLong
by nickotien
USDCHF Used Supply and Bullish PatternThe Supply Level on USDCHF shows its own weakness. So, watching the Chart, in the third test of the Supply level the price moved higher going out of the old used Supply level. It marked a new and larger Supply Level absorbing the old one on the monthly time frame. If you missed my last Webinar, go here Definitely the Demand willing is dominating the Price Action. On chart everything is properly described. What do you expect for this currency? Thank you girolamoaloe.com
by girolamoaloe
2