Showing the MACD on the main chart The indicator slightly dipped before the positive area but quickly climbed back into the positive area. This is a bullish sign. This strong stance from the indicator is also supported by price, with a sort of bullflag forming along this area of low volatility
Hello traders! We can spot a similar formation on EURSGD as on EURJPY, about which I discussed in my previous post, and which has already reached the take profit. EURSGD also seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe . We can see that the MACD is below 0 and EMAs are crossed, showing us a...
Hello guys! EURJPY seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe. We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 140.8. FX:EURJPY OANDA:EURJPY
Hello everyone! Here you can see an interesting formation of a downward impulse on GBPJPY, after the correction that was created last days. The entry point was already triggered and the position is live. The environment is bullish, EMAs are cut for short, MACD is above 0 and the moving averages also show confluence.
Hello traders! EURAUD has just created a slow correction after its last impulse, now printing a green and aggressive candle which can indicate another strong impulse to the upside. For the last weeks, the pair moved on a range, and now it finally managed to break it. EMAs are cut for long, and so does MACD, indicating a bullish environment, and the technical...
Several indicators point to a retracement: -Divergence in histogram (yellow line) -RSI touched overbought zone and crossed downwards -ADX tightens and has plenty of space -MACD deathcross For retracement i inserted fibonacci. But use your own strategy to get out. (f.e. partial TP or shifting of SL downwards on the way down could be good because the move downwards...
Hi there! So, I heard that the economy is in a bit of a rough patch because the FED is raising rates, there's some quantitively tightening happening, and there's a potential recession on the horizon due to a supply shock from the Russia-Ukraine war and China's pandemic restrictions. It looks like we might be heading into a recession, which is sooo not good news....
Hello hello! After a bearish year for GBPCAD , it finally shifts on a weekly perspective, breaking the Moving Averages & EMAs finally crossed. For the past 3 weeks we saw a strong impulse on this pair, now waiting for a slow correction that can be followed by another strong impulse upwards. Moreover, the Commitment Of Traders data shows confluence on this...
We saw a bullish MACD cross. If this holds we will have a green day.
Ascending triangle pattern on the hourly, however it failed to break out thrice, area of resistance is the blue rectangular, bullish cross on the macd signal line. SOL 1H
The NQ momentum looks to be slowing to the down side. I don't have a crystal ball so take it with a grain of salt. With the Money flow being really low on the 6h chart, the macd making a cross to the upside, I'm calling a long here or a lil lower after today's session to see where it lands. Small size maybe even micro. Stop is pretty obvious with prior low. If...
Auto Desk (ADSK) wave 5 in progress and trying to reach the target price of $238 - $240. This is on a daily chart. Wave 3 showed some extension so wave 5 might not complete its full course. Another confluence is that RSI Crossed 50. Also, the MACD Line crossed the signal line.
If we gauge the last major moves on SPY with Covid being the last in 2020 we can see the same pattern coming to and end on the current weekly SPY, using the fib ext paired with the RSI and MACD we can clearly see a jump to 530 on the weekly in SPY's Future. Also note that the relative strength index just crossed up over 50 and the MACD just crossed up as well. All...
AVGO has returned to its post-March 2020 point of control. Stepping down a time frame to the daily chart, we can see a cluster of Dojis. Combined with volume falling under the 50day average, MACD crossing its signal, and Stoch recovering from oversold shows hesitation in the selloff. An aggressive trade would be to enter now, while a more conservative entry...
DASHED LINES: When the 12 EMA crosses above the 26 EMA on the 1D MACD we get a reliable signal that the price will rise (will be higher by the next alert). SOLID LINES: When the same occurs on the 2D MACD we get confirmation. And vice versa when the 12 EMAs cross below the 26 EMAs, the price will fall (will be lower by the next alert). —— As you can see,...
Price action and chart pattern trading > Falling Channel pattern with target downtrend wave 5 within the range of 0650 - 1300 based on 1.236 - 1.618 wave 4 retracement > Long Entry @ local downtrend line breakout > Medium-term Target @ upper channel resistance near SMA200 zone / volume profile resistance zone > Indicator: MACD crossover signal line below the...
BTC has been forming a falling wedge lately, which I have shared in my ideas several times yesterday's dip confirmed its support line and brought the price up by a few % putting it back into the falling wedge asap I want to share this signal the MACD printed in the last days: a slight bullish divergence formed, and the macd line looks ready to cross the signal...
ishares Trust iShares U.S. Transportation ETF AMEX:IYT I am bullish on IYT because I've identified a Bullish Harami pattern on the daily chart. Furthermore, we have several confluences on the MacD, RSI and volume indicators. -The signal is crossing up like A.I. (Allen Iverson) on the MacD indicator - The RSI indicator is pointing up -The OBV indicator is...