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ETHUSD UpdatePrice is trading sideways. RSI is at 50 level as we are losing momentum on the Mac D. We recently made a new high since our last crossover on the Mac D. However, since price is trading sideways with not a lot of bull volume, this may be indication that price could either be exhausting on this hill or it could be ready to retest the previous low mac d at some point. Will update once I see something cooking for a newer move. Still waiting for the move to happen.
BITSTAMP:ETHUSDShort
by Redimere_91
2
ES1! SPY FuturesLooks like price has risen again with declining bull volume. If you look at the orange arrows, you can see what happened last time price action held after price rising on declining volume. We are overbought on RSI. If you look closely, we are on the top side of the macd and its just crossing. However, on the 4 hour, we are both overbought on the RSI and the Mac D. Might be a little early on this move but let's see what happens. Would love price to test one of the recent lows. I know its big earnings week however there could be some profit taking at this level with the current market conditions we are in. If this trades goes wrong and price continues up. I'll exit and re enter once price exhausts more.
CME_MINI:ES1!Short
by Redimere_91
EURNZD UpdateI can't lie....I'm glad this trade working out. However, I am now candle watching on the 1 and 4 hour to see how much juice this pair has left. I don't see any decline in volume even with us being at overbought levels on the RSI. The macd is just now crossing the zero line on the 4 hour timeframe. Resistance has barely been met but is close. Would love to see price test the previous high which was around 1.75470 ish the last time the mac d was at its peak. We have broken the previous high of 1.73523 ish where our RSI was last overbought. So at this point I will let candles take me out if i see declining volume on the 1 and or 4 hour timeframe.I still think we have more room to go but the only thing we can read and have some control over is candlesticks relative to volume. Let's see what happens.
by Redimere_91
NZDUSD Update If you saw my current outlook on the DXY, this pair could have some more room to go down if sentiment holds true. I exited this trade earlier today with 60 pips and wanted to play it safe when the market started pulling back. However, this one of my 4 tickers I trade so an update needs to happen. The RSI is not OS just yet but is close. MacD still on top side and bearish volume still looks to be strong. If you look at daily, you see the bullish volume coming down VERY slowly compared to stronger price movement to the upside. For this pair im pretty much just watching candles on the 1 and 4 hour to just track its until the 4 hour goes oversold then will try to update once i see another move or something. This isn't a good area to get it...again this is just a tracking update.
by Redimere_91
ETHUSD UpdateWe are at a resistance level here. We may have some bearish divergence here with a double top on the RSI and the recent higher high. Price seems to be have risen on the more recent move with not enough clearance on bullish volume so I can't buy it. RSI is at a 50 level coming down off some sideway candles. Could price be exhausting? I can't see why we wouldn't see the lows tested at some point. Mac D is also losing momentum and may send price down if resistance levels hold in the near future.
BITSTAMP:ETHUSDShort
by Redimere_91
2