reasons to buy: 1- macd divergence 2- rsi divergence 3- break of resistance 4- break of trendline wait for these reasons to initiate a buy a trade
reasons to buy 1- rsi divergence 2- break of resistance 3- break of long term trend line
buy this pair if: 1- break of trendline 2- break of support 3- clear candle stick pattern forms after the break 4- break of the last swing standing ( grey rectangle) it would be a great trade with a bullish divergence on RSI
i am sharing my view for EURJPY on the long term : 1- trend line rejection 2- rejection of a support line 3- long wicks candles failing to close below support and resistance for this reasons i will take this position trade for the long term as their are multiple clues suggesting a high probability of this pair moving upward.
why would we buy this pair: 1- if price breaks above our last swing standing ( confirming break of trendline ) 2- if price breaks above resistance 3- if price give a price action trigger on the break of the support
reasons to buy : - if price breaks through trendline - if price breaks through triangle - if price breaks through support with a candlestick pattern - divergence on rsi reasons to sell: if price breaks through the triangle and break our last swing standing if price break through the trendline with a price action trigger ( candle stick pattern ) as you can...
on the weekly chart , it looks like gold will start rising to reaching 1300$ at the end of this year based on the divergence on the RSI on the weekly chart will it reach 1500$ this lets wait and see. for now our outlook for gold its up with great probability.
as we are purely technical , we only look at what the chart tell us . and in this case we can see that there is a divergence on the weekly chart with the price sitting on a major support area, with rsi oversold. reasons to look for ling on the pound ( position trading as this analysis is based on the weekly chart) 1- divergence 2- strong support
i only see 2 highly probable outlook for the usd index : 1- DXY will start going down in the next few weeks as the weekly chart is showing divergence , 61,8 fibo retracement and also dxy reached a major resistance level , and with a strong price action triger on the weekly chart , any good trader knows that it is a solid trade to take , however we know that...
how about a change of pace , lets analyse today EURUSD in the next year , whats the probable outlook : 1- price is sitting on a major support zone on the weekly chart 2- divergence RSI on the weekly chart and RSI also showing the currency is oversold 3-great PA on support , an engulfing candle showing that buyers are stronger then sellers ( wait for fridays close...