Apologies for late post here...
WTI testing the multi month trend line.
Recent move higher in oil was due to strong global growth and demand for oil and after US-administration confirmed they would impose sanctions on Iranian exports, the price of oil began to rally in fears of supply risk. As such traders pushed price higher ahead of the November deadline...
Bitcoin just crossed over first ATR line and changed it to the green (long signal 1/4)
RSIOMA signal line changed to green (long signal 2/4)
RSI line is very close to the middle line (neutral signal 3/4)
Heikin-ashi Smoothed changed from red to green (long signal 4/4)
3/4 Long signals
1/4 Neutral signals
Short-Term Market side - Bearish
Medium-Term Market side -...
In my previous post, I was short the DJIA, with the expectation of adding at down trending resistance. I did add, but was quickly stopped out.
Now price has broken ABOVE the resistance line, and I'm forced into a neutral position. This means I have no conviction either way, and any trades I take will be 1/3 of my full size.
I do not want to be one of these...
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 372.00
• Take Profit Level: 380.00 (800 pips)
If the price...
- Ichimoku Cloud
- John E. Zero Lag EMA
- Hilbert Sine Wave Support/Resistance
- Linear Regression Divergence
- No Repaint
- No Lookahead
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LTC seems to be consolidating at higher level, and we can see a floor and roof being tested. I do believe the market will cool for a while between 0.014 and 0.02 before it carries on the bull run... Just an idea.
A Game of Coins
Post turmoil where various outlets including social media, forums and media were burning up with posts and headlines of "we're going under", we have seen a relatively quiet time within the cryptosphere of late.
From a short term view point, instead of creating TA that lays the law of what the RSI, MACD and Elliott wave is indicating, we can cut...
Looking to go long on LL due to a small base break last week with volume - also being a new 52-week high. This is in a strong sector and industry. Open target will trail stop as price moves in favour. Initial stop is just over 2ATR also being below the wick of a previous swing point.
Hello traders. Eur/usd overview for the week ahead.Currently price react of 61.8% Fibb level. We have well formed channel and head and shoulder pattern. From now on we looking at either respecting the second shoulder and 61.8% level , price breaking the channel and looking for Buy scalps on 15m chart along the way. The second scenario is if price does not respect...
Been in this AUDUSD Bat pattern on the 4H now for a day or so following a pain-free Cypher win right before it (in green). Had some strong selling pressure here we can see from the indecisive candles, which is actually right at the 88.6% retracement (our entry point).
This is still a valid pattern as our X leg hasn't had a close above, so there's an...
Going to play either a momentum long move with a 61.8% retracement, or will be short the market at the 127% extension. Planning to let the market decide where it wants to go and take a good RR. Both trades are over 3:1 risk reward:
LONG @ 1.7740
S/L @ 1.7594
TARGET @ 1.8150
SHORT @ 1.8030
S/L @ 1.8105
TARGET @ 1.7820
Currently waiting to get filled on a bearish USDJPY Bar pattern on the 4 hour chart. This is a counter trend pattern so please be sure to follow your specific rules. The C to D leg did spike up towards the X completion before retracting, but didn't break below the C leg so it is still valid for me. 113% inversion stop loss and looking for 2 targets.
If you were short-term bullish and looking for a long position, this could be interesting. The position requires a pullback to the Value Area Low of this Volume Profile (visible range) before rallying up to recent resistance. The stop loss would be just below the recent lows.
Just found an at market Cypher pattern on AUDUSD 4H following our loss on this pair last week. I actually missed the conventional .786 entry however the pattern is still valid as X @ 0.7680's hasn't been broke. This is actually giving us a much better Risk Reward, especially for a Cypher pattern. Note - if X had been broken this would be an invalid...