. 200 and 50 day SMA crossover soon
. Indication of a price reversal
. Second confirmation: OBV divergence
. Double top on 15min time-frame
. News could have effect on price action however supply zone is on site and resistance remains strong
. Expect short position to the downside in 4H timeframe
. OBV indicates divergence
. Supply zone targeted, so more sellers enter market
. However if resistance breaks, possible continuation to the upside
My first idea. I’m by no means an expert at this... constantly learning and I’m absolutely loving it. So please feel free to give feedback if you see fit! If you decide to invest based on this idea, do so at your own risk!
As you can see from my analysis, Facebook has been in a strong uptrend for a couple of months now, however I feel this is coming to an end....
Price is in an uptrend, break and retest of a support level, simple stuff. Look left to set TP levels, ohh and for extra confirmation we have divergence aswell (red line on the chart).
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Price has been in some what of a uptrend, it’s hit a significant high resistance and been rejected, it’s near another support level now. Price is now making lower lows but the obv is showing higher highs, this is a sign of trend continuation to the downside. I’m not going to Jump straight into this trade, I want price to break and retest the support level (yellow...
So EURUSD Downtrend with a intrend divergence! You can take it 2 ways wait for the TDI cross!! or enter when you see it!
Me I will wait for it to cross and see if the RR is good enough to take the entry!!
I personally do like to wait for confirmation before heading into a trade.
By popular demand, here are my revised predictions for Barclays over the next month or so.
I will mark this chart as long, but READ THIS DESCRIPTION . I am not indicating that you long from the get go. Please read my thesis to see when and how you should enter these positions.
Barclays hit the initial target I set almost instantly. From there, it's been...
EURNZD I may look at an intraday short down to my monthly key level, before the swing back up.
We can see this Fibonacci extension lines up perfectly with the monthly key level. So I do expect the price to have that final push down before reversing. As we hit this level, sellers will be taking their profits, i.e leaving the market allowing the buyers to step in....
Looking at the DXY I am expecting strength to take out previous highs. This morning we are seeing a very weak JPY across all pairs, whether this is a typical Monday false move, we will see. Ideally, I would like to see a retest of the broken trendline to create this head and shoulders formation before taking the longer-term trade to the upside.
I will be updating...
Both daily and 4H time frames are showing:
Reaching up to long term S & R
Looks like a high risk reward short entry position. Shown short setup is a possibility of how this could be traded