Please see annotated chart.
Please see annotated chart. entry - 43.00 stop loss - 45.00 target - 40 Reward:Risk = 2.5
Might be H&S forming, but also could break higher. Not really sure right now, but it looks like a big move could be underway. MACD looks a bit unclear, CCI appears to be bottoming, RSI looks like it could rebound but near 50. New phone looks to be a bust, and is just meant to be a filler pre-7 release.
New long opportunity on EUR/USD after the previous opportunity didn't trigger. Please see annotations on chart for details.
THIS HAS BEEN ADDED TO MY WATCHLIST - PRICE LOOKING EXTENDED OVER A NICE PERIOD OF TIME.....LOOKING FOR PRICE TO SET UP AS MY TRADING PLAN SUGGESTS AND GO LONG... LET PRICE DO THE TALKING,.....
Hey there guys! Since I have a sell setup in NZDUSD at CMP, I am looking to buy EURNZD. The price action coming back to previous structure zone. Making a correction after the impulse leg. I am expecting an upside move from the structure zone area to touch the retest of the impulse. Price acton also trading above the EMA's thus indicating a bullish bias. We also...
EUR/GBP has been in a range since March 2015. Another retest of ~0.7400 at the top of the range and a high test close with oscillator bearish divergence offers a short position in the ranging pattern possibly reaching the bottom of the range at ~0.7000. entry - below low of high test bar stop loss - above high of high test bar target - bottom of the range/support...
Hey traders I have got some reasons to long the pullback from 1.06028 that is the Rsi divergence and the structure support. Would like to see the price moving above 1.06744. 1st target would be the Retest of the final point of the impulse and the 2nd target is to the 1.618. Good luck
Short set up on USD/CHF by taking cue from: - bearish engulfing bar - resistance at ~1.0080 - Stochastic and RSI bearish divergence entry - below low of bearish engulfing bar stop loss - above high of bearish engulfing bar target - previous support level
Sitting in a range EUR/USD may rally back to the top of the range. If not, it may retest the level halfway and continue downward. Signs of bullish anticipation are shown by price finding support at the bottom of the range, a near resembling low test bar - but really a bullish reversal bar , and Stochastic and RSI bullish divergence . entry - above high...
This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs). The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal. Backtest period = 09/17/1916 - 11/02/2015 DJIA = 98 --> 17,830 = +18,094% = 5.38% CAGR Algorithm = net...