Price bounced from the support level and MA20. RSI confirms price reversal and MACD gives a signal for opening long trades above 10580 with target near 11000. Stop order should be placed below the support level. If ADX starts rising, it will be good confirmation of up movement.
We saw a good down movement. Price broke MA50 and now it moves lower. Short trades, which had to be opened based on Bearish Divergence and Double Top reversal pattern, give good profit. So, what's next? I think we have to look at price action near MA100. It will be good reversal zone and after bouncing price we'll see movement in the same direction as the main...
We have to open short trades because: - price reversed from the resistance level - RSI confirms price reversal - Double Top or Triple Top chart pattern - Bearish Divergence was formed by Price and RSI - MACD gives a signal for opening short trades - ADX falls and allows open short trades To my mind we have solid arguments for opening short trades. Don't you think...
Price reached the resistance level 4838 and reversed with RSI confirmation. MACD gave a signals for opening short trades below 4810. DMI confirms range market conditions. Stop orders should be placed above the resistance level and take-profit orders near Bollinger Band. And tomorrow probably we'll have a reversal pattern on the daily chart.
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The market reached 1350 which is the level of round numbers and possible reversal zone. Price formed double top and bearish divergence with RSI. Probably we'll see price reversal from the resistance level and down movement. ADX starts falling and we can open short trades. Place a pending order below 1346.50 and stop above the swing high. Profit target is MA50.
Price bounced from Bollinger Band and gave us an opportunity for trading. RSI confirmed price reversal and MACD gave a signal for opening short trades below 0.97770 based on the daily chart. The pair moves lower and we can search for new entry levels for short trades using hourly charts. Our targets should be near Bollinger Band or the support level.
Price bounced from MA50 and moved below MA20. RSI confirmed price reversal and MACD gave a signal for opening short trades. DMI allows open short trades. Entry level is 44.10 with stop order above 45.75 or 46.50. Take profit should be placed near the trend line.
Here you can see examples of trades based on Simplicity Trading Strategy . We could make very good profit. But don't forget about 2 very important things. We must have trend market conditions on the daily chart and we must follow the main price movement.
Price moved below MA50 and a bearish candle tells us about possible down movement. RSI reversed in overbought zone. MACD starts falling and confirms down movement. DMI allows open short trades. We can open short trades based on the daily chart, but it's better to search for entry signals based on hourly charts, because of better R/R ratio. Entry is below 101.93...
Let's look at the weekly chart, it's rather interesting. We have a chart pattern which gives us possible entry levels if one of the lines is broken. We have price reversal from MA100 and the resistance line which is confirmed by RSI and falling MACD. Do we have confirmation for down movement? I think yes, if price breaks MA50 and the support line, we'll need...
Price reached 600 level and probably we'll see reversal and following down movement. In spite of MACD rises and shows up movement, ADX falls and we don't have confirmation from DMI. If we have a bearish candle, it will be a signal for reversal from the resistance level with RSI confirmation. We'll have to wait when MACD reverses and starts falling. It will be a...
Price broke MA100 and it's a signal that the up trend is over. On the daily chart price falls and we should open short trades based on hourly charts. Entry level is below 44.40. Place a stop order above MA100 and profit near the support level.
The market closed below MA20 and probably we'll see following down movement to the support level 1.1000. DMI confirms range market conditions. MACD histogram and lines fall and confirm down movement. We have to search opportunities for opening short trades based on minutes and hourly charts. Stop orders should be placed above MA20. Take-profit orders should be...
I would like to show you new examples of trades based on Simplicity Trading Strategy . Daily chart gives us good opportunity for trading based on 1H time frame. ADX is above 20 and confirms trend market conditions. MACD falls and confirms down movement. Based on 1H chart we can open only short trades. We had range market conditions during several days where we...
Price reached the support level and bounced. RSI confirms price reversal and MACD forms bullish divergence. We have a signal for opening long trades. Entry level is above 1316.50. Place a stop order below the support level and take profit orders near MA50 and MA100.
We have a very clear signal for down movement. Price bounced from the resistance level with confirmation from RSI and MACD. ADX is below 20 and confirms range market conditions. DMI allows open short trades. Entry level can be below 4756, it's the low of the signal candle. Stop should be placed above the resistance level 4838 and profit target is near the possible...
The market is in range and we did not get a reversal from MA20 which could push price higher. It means that we have opportunities for opening short trades based on hourly charts. Profit target is between 1.1050 and 1.1000.