Bearish Crab. Parabolic Sar getting closer to reversal. RSI is in overbought territory. Stop Loss - 1.90964 Short Entry - 1.90556 Target 1 - 1.87811 (6.8 to 1) Target 2 - 1.86145 (11 to 1)
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible EURUSD Hourly 2618 Style Long Opportunity 1. Bullish divergence earlier 2. Double bottom earlier 3. Can expect a retracement to 61.8 level of last impulse leg 4. Must wait for a confirmation before going long at 61.8 level. 5. First target @ 127.2 level where the fall started 6. Extended...
- USDCAD is well over bough on every timeframe - We've reached the 78% fibonacci retracement line - USDCAD might go higher but it needs a serious correction as it's not very wise to buy when the RSI is at +85 ! - USDCAD has been consolidating since 2008 but is 0.95 really the bottom ??? - As far as the chart can go USDCAD went down when its weekly RSI touched 85....
Hi traders, Looking the aussie on monthly chart we can see that he is in a very interesting place which is serving (until now) as an area of support. But what don't make very bullish is that we might reach the 0.50% fib (2001 low-2011 high) which also another fib (connecting on 2008 low and 2011 high), 0.618% is there. So looking the daily and we see a close...
Hi traders, Posted few minutes ago with the daily graph showing that 1985 is very important level and if we break we can see SPX slide and probably fast. If this really happens, I will look into 1897 area to get long again for maybe a new high. Lets wait and see what happens, but keep in mind 1985 and 1897. Good Luck! Thiago...
Hi Traders, As I posted just few minutes ago, I expect and hope to see one more high coming into play before we see him going lower. Looking this daily chart, we can see that we are in a very strong resistance zone, BUT I think that we can make a new high, scare a lot of traders and then reverse lower. This is what I expect and I will trade this (if he makes new...
Hi Traders, This is one of the markets that I trade the most. By looking this short term we can see a very good reaction from few minutes ago at 9939 (29/12/14 high). Now I expect him to go to 10080 for a FINAL high (also higher line of pitch-fork). I will short big at that level for a medium term trade. Mixing technical and fundamental (Germany not in a good...
Hi Guys, I normally don't like channels but this one, OMG! Working perfectly well for very long time. Giving a zoom so we can see more clear, we can see that TODAY we touched the upper channel line which now serves as support. More support for my USD longs. Keep this is mind! Also, keep watching, RSI! If we break that trend line, it will give us a...
Bearish Divergence formed at the outer Bollinger Band extreme. Divergence shown on RSI, Mac-d signal lines, and histogram. Today put in the first lower high on the histogram along with price creating a reversal candle on above average volume. Looking for a drop back to light support level.
What fun would trading be if we didn't stem up a bit a controversy every once in a while. Now when looking at the higher timeframes everyone is calling for a long on the GBPAUD based on the previous level of structure that we're coming into. Me...well I took a short position this morning at the 86 even handle. Seeing how more than 80% of traders fail I have no...
I was just checking this weekly graph of the Dollar Index and I just saw a divergence on RSI and price action. As we can see, the US Dollar is making a new high this week BUT the RSI is now. Actually, the RSI made his high few weeks ago. This is a signal that the current trend is getting into the final steps of the current trend, this does not mean that he will...
Hi guys, USD/CAD is the pair that is on my watching list for this week and is very interesting. The level that I am watching is 1.1917 which can a trend line from 07/2013. Also lets keep in mind that the H&S has already hit target and looks like we are in 5 waves up in this pair. Time for correction or reversal? I don't know, but thing is for sure, if he gets...
The Dollar Index (DXY) is close to a zone of resistance around 92.88 which is also 0.236% fib. Is in this area that I am waiting for a long time to reach and we might see a short to medium term correction or even reverse if the greenback shows some worrying signs.
1. Divergence to RSI formed and at the top price made a bearish inside bar and dropped. 2. Price broke through the short term trend line as well 3. Arrows denote the Highs and Lows within the previous up leg 4. Corrective rally to test the break out of the trend line, which should form a lower high (confirming the medium term down trend). 5. Sell to divergence...
UPDATE: The price didn't stay above $315 for 24 hours as I mentioned as rule to enter the trade. Instead the price flash-crashed a few hours later down to $304.99. This renders my entire "bottom trading" idea posted here invalid. The goal of this bottom trading strategy is to avoid risk and therefore the trade should only be entered if the price stays above $315...
Price is right now at demand and the RSI is building a nice divergence, meaning the bearish pressure is getting weaker and weaker, actually if we look at the last major swing low (which was the reaction from the supply level, price is struggling to get lower, so I expect a good reaction from this demand level. Stop a few pips below the demand zone and target can...
Currently watching the 1H timeframe, as price have touched once more an important demand zone (0.9593 - 0.9620), and I was waiting for a confirmation that price might have a good bounce from this zone again. We have bullish divergence on the RSI as price touches the zone. Price already touched the zone and booked 26 pips, but I did not take it, I am waiting for a...
Double top forming in H4 timeframe (H4 again? sick...). The second top even has double bearish pin bars. These tops forming at resistance zone from daily chart. Lastly, RSI is showing bearish divergence. All these H4 opportunities are tearing me apart internally as the little 'i's within me are having tug of war. Keeping to my vow to not trade H4.