The 100DMA is converging on the 200MA, RSI has been establishing a bullish support/resistance area and price is bottoming at support again. Leaning long with a month long horizon, entry potential at $5, or on a 200DMA break up on volume
Hi, answering to a member of Profiting Me, I described here the USDCAD Convergence to the Strong Supply Level. I hope this can help. Thanks you Girolamo Aloe - profiting.me
the garlty from my former analysis changed into a good cypher pattern confluence area remains the same with slight variation Additional confluence Internal AB/CD- 2% in the fib convergence zone
Follow the pair and if the price falls to around 1.4300, creates false break followed by divergence look to buy. Target 1: 1.4480 Target 2: 1.4600 Stop Loss: if the pair fails to move higher and breaks the last low created before entering the trade OR below 1.4250.
The pair has created a bullish convergence. At least in the shorter term i think the EURJPY is going up. So wait for a double wave correction down near the 50% fibonacci retracement zone and a bullish candle on the M15 chart in this area in order to get into a buy. Target 1: 128.00 Target 2: 128.80 SL: below 127.80
Criteria for long position: - new up trend on 4 hour time frame (successive HHs and HLs) - low test bar - 8 ema support - horizontal support at ~0.7245 - 38.2% Fibonacci retracement - Stochastic convergence entry - above high of low test bar stop loss s- below low of low test bar target - 127.2% Fibonacci extension or higher
Cycling downward in a down trend GBP/USD has pulled back into a previous support area, now resistance (at ~1.5250), after breaking below hence retesting old support, and the 20 ema as well as the ascending trend line that it violated in its recent impulsive downward phase. Price found resistance at the 50% retracement too which is in near proximity to...
Very bullish RSI Convergence in GoPro. The downwards trend line (purple) is also broken. I think the stock will rally into earnings as shorts cover their positions. I'm long the stock.
After today's bearish engulfing bar close below the marked resistance area on the chart a pull back is imminent on the DOW Industrials daily time frame. Stochastic and RSI convergence, and recent trending price action structure show the increased likelihood of bullish momentum to ensue after a suggestive pull back.
AUD/USD has formed new structure recently showing signs of a trend reversal. Whether this continues to hold longer or not is for price action to reveal. As for now, a potential bullish continuation is brewing after what seems like a shall retracement. The close of price action by end of day as a low test bar above ~0.7250, where price has found support, will...
USDCAD is converging to a fresh supply level after years. I take in consideration the possibility to sell in that level, in the convercenge, if it will be possible. SIGN UP to my Website Newsletter. DO IT NOW! - girolamoaloe.com One important thing to take in consideration is that the trend is bullish for the long term and the USDCAD chart is overextended,...
Another short set up on AUDUSD since downward momentum on the previous set up (idea linked) failed is on offer. The present set up comes after a deeper pull back, organic in a sense, into the 50 ema which also lines up with a previous level of support (~0.7250), now acting as resistance, and the 0.618 FIbonacci level. Price closed as a high test bar. Oscillator...
On the S&P 500 and NASDAQ100 indices, closing as a high test bar in the resistance zone, and a bearish engulfing bar on the FTSE100 (UK100) stock index, a sell setup is in order suggesting potential bearish continuation on these three (CFD) indices, following the recent sell off on major indices. 1. S&P 500 The rejection/resistance zone on the S&P 500 comprises...
Price is in an aggressive trend on AUD/USD as shown by its location in referece to the moving averages. The present setup takes advantage of this aggressive downtrend backed by a shallow retracement into a previous level where price has found resistance (0.7070). Resistance is also seen at the 8 ema and raised seller interest is evinced by the formation of a high...
Although the retracement/pullback on this pair is quite shallow my reasons for taking a long position are: - Bullish/reversal bar following 2 seller bars - Support at 1.3100 with close above - 8 ema rejection/support and close above - 0.382 Fibonacci level rejection and close above - Stochastic and RSI convergence entry - above high of low test bar stop loss -...