Whipsaw Engulfing on gbpjpy targeting south
Today I’ve learned how to use the momentum oscillator “Rate of Change” or ROC in whipsaw stock movements. You need to pay attention when it becomes positive and crosses the zero line and then you need to watch if the price crossed its MA. The key point is to use the same time period as for the MA as for ROC. I am not a day-trader and my strategy is short-term...
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement tracking ABC correction levels of Elliot wave. Price is likely to move within the parallel channel having the potential to breaking it down. ADX slopes down pointing a bearish decline. CCI diverges the price as shown in the chart. Market is...
GOLD: XAUUSD Update It's quite complicated and full of whipsaw - and there's likely to be more in store until DXY straightens itself out... Was waiting around a long time to get long at 1274 which looked like a good trade to begin with after an intraday low at 1273.25 as Wall Street joined the session...just hope you were smart enough and fast enough to exit,...
Since price topped off at 1.09 the bears have been relentless in their pursuit of driving the price back down to previous lows. In the first week of April the EURUSD retraced over 40% with almost no resistance and just in the last 72 hours price has taken another 15% dive. Currently, price is consolidating between 1.07 and 1.065 or in Fibb terms .50 and .618. As...
Now this looks much more bullisch than a week ago. I am posting an opinion that is contrary to my own from last week. I was more bearish then. But expiration week has come and gone and the SPX500 is simply bullish. it might be _somewhat_ bullish, it could also get _very_ bullish. Because what you see is a sidewise-to-down history that followed the tremendous bull...
On a 15M chart we have a bearish chart pattern The price has shown a large enough "tale, what confirms a rising wedge pattern, where the past of the pattern classical can be a target, but it's classic, so just thinking about RR, the sell might be a good idea. Price is currently at 61.8% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to...