Waiting to get long if this hidden divergence materializes
Winter months are here. The East Coast of the US is experiencing low temperature and snow. Demand for Natural Gas usually increases in the winter months. The price of Natural Gas has been climbing since late October and will probably keep rising throughout the winter months. I remain bullish NGAS to 5.10 which is the 61.8% Fib extension from the up move and it...
I am going short OIL to the lows based on hidden bearish divergence
Shorting EUR/GBP to 0.793 as first profit target and 0.784 (or lower) as TP2 SL 15 pips above previous swing high
Looking for a Bullish Candle Stick to enter long to 2.1480 on GBPNZD The trend is up on the weekly and I want to ride this trend to the 1.618 Fib extension. Small entry now and rolling over in case it pushes lower. Heavier position on a BULLISH candle stick formation. This is a negative carry trade so take if you wish
NZDCAD formed an inverse bearish pole flag on the daily time frame. I am also seeing that price is in the overbought zone and formed some sort of a bearish hidden divergence. I will go short at this level and my TP will be @ 0.8795 ... Please note the yearly pivot at 0.8524 which can also be a target for long term. I will not use a SL and will roll over the trade...
I am in love with the bullish pin bar which was formed at the bottom of the channel. I think price will push to the upper boundary of the channel in the following 2-3 weeks'
I am still interested in going long AUDNZD. I might actually place a buy next week around the 1.100-1.1035 level and ride it to 1.125 .. The pair is in an uptrend on the daily and weekly time frames.
I believe AUDJPY will make it to 105 .. However, I think price needs to retrace down to the 98-99 area before shooting up again. I remain bullish long term but I want to buy at a better price preferably if I see bullish signs in the green zone on the daily. If I do not get a retracement back to the green area, then no trade (Maybe short at 105)
Long Crude OIL WTI to 75.18 (Daily Pivot)
Based on Harmonics, we are in a buy area currently with targets and SL shown on the chart. Keep your SL tight
I am seeing a bearish divergence on the daily time frame. Price made a higher high while RSI made a lower high. I am expecting price to move lower to 0.954 (previous resistance area which may act as support). The utlimate target though is 0.9447 (the bottom of the channel & a previous resistance level) A break above the channel invalidates this setup. Stop...
- Bullish Divergence on H4 - Looks similar to price action back on early October - I like how EURUSD has been retracing on a 28 degrees angle - I like going long to 1.255 & maybe 1.261 IF price crosses above the current minor support level, come back for a re-test then I will issue the buy order. - SL 10 pips below the lows or on a break of the trendline. SL can...
I believe price of silver will attempt to climb to 18.50 however it needs to take out 16.16, 16.72 If it manages to clear out those level, then 18.50 looks achievable (previous resistance level which may act as support), A break below the lows will take price to 14.64 A buy will be initiated on Monday with a tight stop loss ... I will use a trailing stop of $0.5...
Overall Trend - Bearish - A break of 1132 will take price to 1086 - If price breaks 1185 higher, 1230-1240 is next resistance - A break above 1256-1260 is bullish for gold I am bearish to 1028 or lower in the long term, however a break above 1260 is bullish for Gold. In the short term, I think we will see 1220-1230
I can see the following: 1. Bullish Divergence: Price made a higher low while RSI made a lower low 2. Missed Daily Pivot @ 1.4328 - Price is going to attempt to reach this level 3. Price broke a 1st aggressive trendline and is gravitating to the 2nd trendline 4. A break above the second trendline validates the setup 5. Entry on the 15M time frame - expecting...