GOOD LUCK - POSSIBLE ENTRY SOON ON LOWER TIME FRAME - OR WAIT FOR CORRECTION TO COMPLETE
We are once again in the structure zones of 5+ year lows. Good risk/reward opportunity to buy cheap here.
LONG SETUP - ATO - ATMOS ENERGY IS IN STRONG UPTREND RSI OVERSOLD DIV WITH BULLISH KICKER ON RISING TRENDLINE
Price has now approached a strong resistance zone and is showing signs of stalling and i see the short opportunity here. I have entered according to the 4hr charts but will wait for the blue diagonal support line to be broken to add more positions. 1. Strong Resistance 2. RSI divergence 3. MACD4C divergence 4. 10 MA crossover TP1 @ 250 pips TP2 @ 450...
CADJPY has reached a pretty decent structure level resistance A double top has formed along with MACD divergence On the fundamental side of things the oil numbers oversupply & weak oil prices should affect CAD Anticipating some kind of bearish confirmation as a close below the neckline (dotted line) and moving average
MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is supposed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.
Possible divergence forming on FX:USDJPY . I have a sell limit set at my 1st deviation bollinger band in the supply zone, 102.6, with a 60 pip SL and 2 profit areas for a possible 4:1 reward/risk ratio. Happy Trading
Nice bow draw reversal back into wedge. Pos divergence and %R both say up. 200 MA just above, 8, 20 and 50 just below. We'll see.
4 hour long term fib retreacment (50%) with divergence on the MACD 4C
If that next order block doesn't hold The Dollar looks likes it could be pushing for another leg up, reaching for liquidity just above 96.40 if it gets there. Could be looking at some divergence on the way up. Waiting for the Sell signal. Also, if you notice the times of all the arrows, do not think that is just coincidence do you? Institutional Order programs...
If the price breaksout of the bullish channel with an area of consolidation or a pullback to the previous SR zones for a last kiss we can expect a sell. If not, the price could continue to make higher highers and get rejected at the trendline. Divergence can be seen on the MACD 4C confirming the halting trend.
Divergence at m30 and probably at h1 in next m30.
risk to reward is very bad, but i just started out trading and back tested this strategy, im still trying this out on a demo acc, so take this idea with grain of salt and thanks for understanding, any feed back is appreciated
after a bullish run since September AMK seems to be stalling around $69. Bear divergence shown in MACD, RSI, and StockRSI, indicate that this run could be ending soon, and could be the beginning of a tend reversal.
I think we may start to see some selling pressure. make sure you trade your plan