Get started

Stochastic Oscillator

AUDNZD: AUD Weakness at Channel SupportAUDNZD Timeframe: H4 Direction: Long Confluences for Trade: - Waning bearish momentum - Price action at support of downward sloping Resistance Channel - Horizontal Trednline support close by - Stochastics at Oversold conditions (1D and W) - Widening gap EMAs is large Suggested Trade: Entry @ Area of Interest 1.0450 - 1.0510 SL: 1.0381 TP: 1.0709 RR: Approx. 2.32 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
USDCHF: Continue Selling on RalliesUSDCHF Timeframe: H4 Direction: Short Confluences for Trade: - Weakening momentum in rally - Price rejected 50 EMA - Price action at 38% Fibo Retracement - Price action at Resistance Trendline - Price action at Horizontal Resistance Trendline - Stochastic Overbought momentum (H4) Suggested Trade: Entry @ Area of Interest 0.9950 - 1.0000 SL: 1.0049 TP: 0.9842 RR: Approx. 2.00 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
EURAUD: Strong Supports; Ready for Bounce?EURAUD Timeframe: 1D Direction: Long Confluences for Trade: - Stochastic Overbought momentum - Too wide of a divergence for 8 EMA and 50 EMA - Price close to Strong Horizontal Support (since Feb 18) - Price close to a Support Trendline (previously resistance; since March 18) Suggested Trade: Entry @ Area of Interest 1.5610 - 1.5670 SL: 1.5542 TP: 1..5884 RR: Approx. 2.89 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
GBPUSD (H4): Gartley Pattern FormationGBPUSD Timeframe: 1D Direction: Long Confluences for Trade: - Gartley Pattern Formation almost completed - Stochastic Oversold momentum in both (H4 and 1D) - Gap between 8EMA and 50EMA is quite wide, should narrow back - Fundamentally, despite Brexit uncertainty, there was a glimpse of positivity that the Tories want to stand behind Theresa May and get through this. Suggested Trade: Entry @ Area of Interest 1.2830 - 1.2930 SL: 1.2969 TP: 1.3111 RR: Approx. 1.97 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
Maxar Technologies ReboundFound support at the 23.6% retracement. Very over sold on the RSI and turning around in the RSI and the Stochastics. 1 week heikin ashi is indicating reversal. Fell through previous support, which is the first sell target. This matches up with the 38.2% retrace, around $50 - $51. If it breaks this resistance we have two more targets. The first is the previous support line, as well as the 50% retrace, about $60. It was also rejected at the 200 day MA, so it is important to watch this as a key point of resistance. If these two break, we are shooting for the 78.6% ($85) and the previous resistance ($90).
MLong
by green_brow