This chart may look a little noisy, but i assure you everything is of relevance.
I'm really liking this setup. We have a potential double bottom formed (Highlighted black circle)... This has formed right on the targets of the previous rising wedge (1618 ext targets)
The double bottom has divergence across both of the legs, and the neckline (123.4) has been...
Looking good for shorts here if this candle can close below the neckline. Nice and simple. Trendline break, double top, Divergence on the peaks and bearish price action.
1.962 is the neckline. TP1 = 1.946 TP2 = 1.939
Targets are conservative fib targets for the break of the double top - this is only valid if this 4 hour candle breaks and closes below the neckline...
This setup is looking very nice moving into next week. The week view rejected our upper T/L, we also have a potential triangle forming (upper level is marked, lower level sits nicely on our first target) If this triangle does form and come into play then its relatively unlikely we will see the second target on the first push to the downside.
We have clean...
Nice, clean and simple. We have the break of a very bearish 4 hour structure.
on the move to the downside, price failed to reach any relevant fib ext targets.
Im looking to the purple zone for scale ins to carry this pair to its final targets 1.74 & 1.72
This setup is currently looking very tidy indeed.
NFP appears to have given us a very nice break of this falling wedge pattern. We have already seen a near perfect retrace to the pattern top, but with the current volatility and indecisive nature of USD pairs, i wouldn't be completely surprised if we were to see another pullback, the purple box indicates my area...
nice and simple setup. i will find my targets for this short trade when we either see a retrace to the channel bottom, or when we see this potential flag break to the downside. MACD looking good for this trade also.
This setup is looking very interesting...
we have this ascending channel with not only divergence throughout the channel itself, but also across a potential double top.
Price action from Friday looks extremely bearish.
Both the potential double top and channel break can only have 'assumed' targets at the moment, however the fib extension targets both line up near...
this one is nice and simple. A break of this structure gives Fib extension targets that sit directly on the daily channels bottom... Coincidence? i think not...
I'm looking for a break of this rising structure to confirm this trade. Not the biggest trade in the world, but will give a very tasty RRR is it does break and give entry.
The targets for the break of the previous channel (sent to our students) were hit perfectly, before we saw a retrace back down. The beautiful thing about the retracement is that it appears to have moved directly into a new descending channel.
I think we are likely to see a little more of a dip before this pair moves away, but i for sure will be looking for longs...
the highlighted zone is an area of interest to me. I am not just looking to buy at this level. My bias may be long but i need to find a confirmation to enter the trade. (DB, engulfer etc)
This is a trade setup that i found and identified on a 1 on 1 session with a TeePee Student.
Last week gave a break to the downside of an ascending channel on this pair. we also took out (and pulled back) an ascending Trendline in the process.
What i like about this setup is that the fib ext targets sir right on the low of the previous rally.
Fridays daily close also presented a bearish engulfing candle.
We can see the MACD gave a clear indication that...
I have had to re-publish this as it was removed by T-View. My outlook is stil very much the same.
The difference is now we have converted 1.73 and we saw a continuation form yesterday targets will be slightly lower than is marked above, but ill see how it moves and adjust lower accordingly.
After a huge retrace down; DMS is showing triple MACD and RSI Bullish Divergence on the Daily.
I would fully expect to see it bounce from here and possibly test it's last high and maybe beyond.
My stop will be below it's lowest low.
Although we see a reversal divergence siganl, i beleve its invalid, we have just broke and retested this major support on the daily TF.
For this divergence to be invaild we would need to see price break below the area highlighted in yellow, so if you find an entry on this pair that could be an area to target.
Any questions on divergence or trading feel free to...
Bullish divergence in an uptrend at a support level...
If this pair doesnt fly to the moon then its just not meant to be, we are not in the trade just yet, i will send out the signal so make sure your following this page and all the revelant info at the bottom of this page!
Good luck, stay blue,