Brilliant time to take long position after retrace from upper wedge resistance Next i suggest break through it and wait full correction) Other scenario is continuation of wedge bouncing
MACD - Showing hidden bullish divergence RSI - Hidden Bullish divergence 2 possible enter here, or if break 32.2 lower SL: 32,2 TP: 38
PA pattern: Rising wedge - Upper channel border resistance - RSI(14) drawn nice H&S with divergence between 1127 - 1130 - MACD showing same divergence For me only sell for now
MACD Hidden bearish divergence RSI Bearish divergence Price hovering Monthly median and ready to retrace from it (red dotted line) Hanging man Japanese pattern for today close (reversal)
Correction for now done with strong h4 divergence Descending wedge broken after such hammer we can have potential of 2-4 $ movement beware 49,2 lvl can strong retrace from there
Channel bottom bounce was so fast so price made some divergence on different high TF, so expecting bounce lower before continue storming 1200 lvl
see the chart all there
use lower Time frames to choose your strategy for me we need still to make double top or divergence on daily to continue downward moving so range 44,73 - 48,7 (if break 50,5) Also note: - Broken triangle pattern still not worked himself (bullish) - Megaphone on top for now showing possible retrace from 17.09 high to bold support line which if broken, downtrend continue
1138-1142 nice price levels to short it
see the chart)
H&S formation on EURUSD Lets see which daily candle show itself, but for me its time to sell what i/m done at 1,134 SL 1,4 TP 1 - 1,1 TP 2 - 1,075
H&S tgt was 1055 but i'm not consider it no more yesterday 20$ drop retraced today after breaking triangle on m30-h1, now best option to use would take short on break 1102 trendline with tight SL Also take focus on hidden bullish divergence
Dont think that we break throught support trendline and we already close the low and start bull mkt phase in Oil market, especially oil-rig's lowering this months This possible scenarion to choose, for me now out and waiting clear signal for breakout and raising power
MACD showing end of bullish divergence RSI now in hard bearish divergence, after retrace from strong support (18/03/15 high - 01/06/15 low) in my opinion we are ready to continue downward move even if i have to out by SL, looking for possibility to reenter later for price formation triangle setup
After a strong bounce from low bydaily and weekly divergence we have to retrace before continue this bull run SL 52,3 TP 45,4 (for sure) Enter whatever you like