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Technical-indicators

EURGBP [LONG] Institutional TradingLooking at the chart, we have seen within the blue box 4 touches of this level. This is filling the retail traders with confidence that a breakout below which is what's just occurred will continue that trend. Nice long candle this morning clearing the liquidity on buys and now that people are putting on sells they will push the price back up to clear those stops for further liquidity then onto reaching equal highs. The pink box I've drawn indicates the money they will need to get back at some point so could see this as a long term trade up to that point. TP#1 is the first green line TP#2 is the second
Long
by dc95
Probing the Indicator Rabbit Hole. Bullish Divergence.This is a stock trend trading strategy that is heavily reliant on indicators. I was seeing if I could use this same strategy for futures, and surprising no one, it does translate. You need at least 2 of the indicators to be giving you exactly what you want, and the other indicators to be at least not working aggressively against you. This is a super crisp example, literally everything came out right. That's why I chose this example. Not an accident. If you really want to test the metal of this strategy, by all means, don't let me stop you. The ending conclusion, if you've got your head right should be the following : "If I had been able to notice everything going on here I could have had a lot of confidence using a high probability order placement."
CME_MINI:ESM2021
by emehoke
OMG - Gearing up for a breakout? Over 200% Potential Long Term.Looking at OMG on the daily Chart, there's some interesting things potentially shaping up. Most obvious is the descending triangle we've been trading in. OMG trades on a bullflag historically; which is characterized by a long period of sideways or slightly descending movement followed by a massive pump. We see a fairly recent retest of bottom support in late september which held strong. We have steadily increasing volume, however the biggest spike was on a retest of the upper channel boundary that was rejected, marking a decent red day. RSI is very middling at the moment; could go either way with current priority being up. Bottom line: good indicators for a breakout coming at some point in the next few weeks, however the heavy sell volume on the upper boundary retest makes me think we might see a lower support retest like in September before things really start cooking. Wait to see if we retest or if we can break through that upper boundary without a swift rejection. Short term TP's are green fibs, potential for ATH or more when the bull flag pops. Thanks to everyone for the support over the last while, let's keep this going :) -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. If you don't like it, then leave like but do it with anger; I'll be able to tell the difference. Feedback, criticism and crude humor are welcome 🤙😁
OLong
by cryptosince1963
4
Pressing Top of Channel ...AgainBLUF: If we are going to go up the move by the bears must be extremely powerful! Do we they still have enough in them? Once again we find ourselves pressing the underside of the top of our longtime channel (since July). This is now the 5th time we've hit this top. I expect us to break out and to the upside sometime within the next few days to weeks, but if we are going to do so soon, then we will find some major resistance ahead. Not only must we break through the top of our channel but we are also facing the 200MA. Just above that? A few more levels of resistance from way back at $9300 and $9800. On the RSI chart, you can see that the bulls have already broken out of our down channel. This is a great sign! However, once again we are finding resistance at the 70.0 mark. I remain neutral for now. The next few days will tell.
COINBASE:BTCUSD
by stewdamus
XAUUSD - Descending Triangle on the 2 hour - PLAYBOOKAfter initially buying at 1448 I took profit 200 pips up now at the 38.2% fib resistance plus our price structure resistance. I now see a Descending Triangle in play - go to babypips.com website to learn about it.... I have a sell order at the previous lows in anticipation for a double bottom ... if i see support again at 1446 i will buy again and await the breakout of the triangle A breakout above would offer 400 pip movement to 1489 as part of the descending triangle playbook. If we can reach 1489 - 1500 may be on the horizon.
FX_IDC:XAUUSDLong
by tyross