Monitoring to Entry – AN/PAGThis pair was added to our Awaiting Confirmation list on April 16 , after showing a potential setup for a long position based on price deviation.
As of April 17 , the setup evolved further:
The pair Started below the lower Bollinger Band , suggesting continued price dislocation.
Stochastic %K and %D were both under 20 , indicating an Oversold condition.
ADX = 12.0 – signaling a sideways market, favorable for mean reversion.
DI-/DI+ ratio = 1.86 – still shows dominance of sellers, but that value improved (decreased) from the previous day.
A strong bullish candle appeared, reinforcing the shift in momentum.
Conclusion:
Although not all indicators were aligned perfectly, the price structure and early momentum reversal were enough for me to trigger a long entry as of April 17.
Now, I am monitoring this position with close attention to DI dynamics and further stochastic confirmation.
Pairoftheweek
TECS/SSG Potential Long OpportunityTECS/SSG pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present.
Correlation : remains very high in the last few weeks.
Close price : closed below lower BB.
Historical test : I would be happier with more historical opportunities in the last few months to test, but generally it seems okay.
ZSL/JDST: Potential Long OpportunityZSL/JDST pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present, and a quick look at the daily chart confirms it.
Correlation : remains very high in the last few weeks.
Close price : closed below lower BB.
Historical test : I would be happier with more historical opportunities in the last few months to test, but generally it seems okay.
Pair of the Week: OIL & GOLDOverall sentiment: Bearish
Current market condition: Bearish
I would love to hear your opinion, feel free to comment, agree or disagree.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at www.facebook.com The only thing you need to 'pay' is your commitment to trading and sharing!
Have a great pipping day!
www.fxpipsology.com
www.facebook.com
Cheers,
KY
Pair of the Week: USDCADThis week, the we will be covering USDCAD and OIL.
Overall sentiment: Bullish
Current market condition: Consolidation with a slight bias to the downside
I would love to hear your opinion, feel free to comment, agree or disagree.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at www.facebook.com The only thing you need to 'pay' is your commitment to trading and sharing!
Have a great pipping day!
www.fxpipsology.com
www.facebook.com
Cheers,
KY