Price currently sitting on the testest trend line and also on the 0.236 Fibonacci line. 1Hr Stochastic showing market has finished the selling activity and is now entering the momentum zone for the buyers. 1Hr 6am Candle indicates a potential continuation of upwards. Ichimoku Cloud confirms the trend is now bullish. Entry 1.29350 SL: 1.28884 TP1: 1.30010 TP2: 1.30363
Euro price looks too high and likely going to see a reversal soon. The Day chart is indicating the market is overbought on the stochastic oscillator. 4Hr chart indicating an overbought market, as well as the 5 and 8-day SMAs crossing as a reversal signal. Candles are showing uncertainty with Doji's etc. Following the Fib for SL & TP's Entry: 0.92184 SL:...
Potential continuation of the up-trend after the price reversal. Price is currently sitting on a 15-day trend line. 1Hr chart is showing a bullish-engulfing candle at 8am. Following TP's on the Fibonacci Entry: 1.31506 SL: 1.30945 TP1: 1.32297 TP2: 1.32589
Price has hit resistance on the 200Day SMA line. Uncertainty confirmed with a Doji at 13:00 Stochastic indicating the market is overbought on 1Hr and 4Hr time frames.
Price is sitting on a tested support line with a 12:00 candle showing indecision and then the 13:00 indicating a change in price direction. 1Hr and 4Hr stochastic oscillator signalling the marketing is oversold. I am speculating the market with reverse to the previous resistance level, as shown in the graph.
Price indicating a potential reversal with Doji. Estimating the price will retrace to the 0.786 Fibonacci level. Stochastic is also indicating the market is overbought.
On the day chart we are nearly at a strong support level so potential one last sell off before the market begins to range. 4Hr trading below the ichimoku cloud and the 200 Day SMA confirming a down trend. 18:00 candle is a strong bearish pin candle. 1Hr currently trading past the 50mark on the stochastic oscillator indicating a continuation of the downwards...
Stochastic Oscillator indicating an overbought market on the 1Hr and starting to turn towards the range zone suggesting a price reversal. 6am candle hit the 0.786 resistance on the Fibonacci and was rejected. Placing Stop Loss just above the 0.786 Fib 7am and 8am Candles turned bearish and suggesting uncertainty. Entry: 0.96242 SL: 0.96468 TP: 0.95948
Price indicating a potential continuation of the bearish candles.
Price has the potential to breach the 1.18726 support line. On the 4Hr chart Stochastic is showing signs of an oversold market and the MACD starting to swing around to the buy-side and the 5day & 8day SMA's have just crossed, signalling a potential reversal. On the 1Hr chart, the Stochastic is entering the momentum zone for a buy and the histogram on the MACD is...
Trading the rang... the last candle engulfed the previous price indicating a continuation of the direction. Stochastic suggesting the price momentum will continue un this direction.
Entry Order - 0.95995 SL - 0.9584 TP1 - 0.96318 TP2 - 0.96163 On the 1Day, 4Hr and 1Hr chart the price for AUD is Trending upwards. This is confirmed by being above the 200 day SMA and being above the Ichimoku Cloud on all 3-time frames. The 1Hr Stochastic is showing a price reversal, this could just be due to traders exiting their orders prior to the session...
following on from the momentum at 10:00 am, I am estimating the trade will continue to the lower support levels as seen on the chart. Stochastic is crossing the 50range confirming a downtrend and still in the momentum range. 5 & 8 SMA are crossed confirming reversal.
Potential continuation of yesterday's short. 1Hr chart indicating potential momentum coming into the price as the 7am and 8am candles see some volume after 4/5 hours of stagnation. Price is still under the 200day SMA 1Hr Stochastic facing the 50 line 4Hr Stochastic starting to turn towards the downside.
Following the swings in the range 4Hr range. A reversal has already been confirmed by the price action turning bearish. Stochastic RSI indicating a turn in the market at the two signal lines reverse. 200 Day SMA confirms the trend is bearish to confirm a short buy
Potential price reversal to the buy-side. Trading on 1Hr chart here, the anchor chart is showing the price is turning to an uptrend. Candles on a 1Hr chart are showing a Three Line Strike. 1Hr Stochastic signalling a potential short term reversal
Throughout the Asian hours, the price broke the 1.30186 support line but was rejecting pushing the price upwards. The signal line and MACD line have just crossed and the lines are showing the potential for a big swing upwards. Stochastic lines are crossing approaching the 50-zone suggesting momentum may pick up for the bulls.
I am testing out a new strategy now as I have had numerous losses over the past few weeks and my profitability is sliding. I am focusing on larger timeframes to cut out most of the noise of intraday trading. However, to execute the trade I am making sure the 1hr chart is indicating a buy/sell indicator for the trade to play out in the 4hr chart. The US has...