hey traders, another pair to keep an eye on. This pair is really going down, down, down. These are the trades I like to see as it will give us a 5:1 RR on the bounce.
The trendline broke, retraced, and falling down... TP right after S1... let's see how it turns out
Looks like price is having a lot of trouble at this level, and we can see the MACD starting to gain momentum to the upside. I think it's too early to act on this one, but wouldn't be surprise if price eventually increase and shot right through the weekly pivot, moving upwards to R1. As it stands right now, this gives us a RR of 3.5 to 1.
Here's another pair I spotted that might be reversing nicely, just like the AUDNZD I posted a few minutes ago. Same divergence in the MACD, occuring at R1, starting to see a lower-high with price struggling at the R1 level.
Good morning traders, spotted some divergence on AUDNZD H1. Going to keep watching this pair, looks like it might touch the R1 and reverse back to the weekly pivot point. I wouldn't enter too early, look for the classic double-top confirmation. Let's have a good week.
Normally I like the bounce from R2 back to the pivot, but I believe the R1 can be just as good, especially as we see some divergence in the MACD. This gives us a nice 3-1 RR. I'm not 100% confident in this trade, but the risk to reward ratio helps me sleep at night.
NZDUSD 240 chart, starting to test the trendline, looking to break through... going to watch this one as it's sitting right on R1 on the monthly pivots... expecting price to start dropping in the direction of the monthly pivot point... thoughts?
Looking at the monthly pivot points and the trendline, I'm expecting price to test the trendline and start moving down to S1... thoughts?
Wondering what you all think about this, double divergence between RSI & MACD, stochastic dropping, TP at latest swing low... nice RR... thoughts?
Let's see how this one ends up, double divergence... thoughts?
MACD crosses up while the channel is broken, looks like a decent move... thoughts?
Really nice channel with multiple bounces, looks like this one is going to bounce in the direction of the trend... waiting a little longer for confirmation from stochastic, looks good so far... thoughts?
Here's a nice little channel on the daily charts. If stochastic crosses back up, might look to go long, but really waiting for price to go back up and then fall back down in the direction of the trend... thoughts?
Looks like everything is starting to slow down, expecting a huge break either way... thoughts?
Trendline with multiple touches, waiting for it to reverse any day now. Pink line is the trendline, I would think about entering short once it touches the teal line, along with RSI divergence as confirmation. Thoughts?
Stochastic confirms by crossing below 80, good RR for my plan, placing stop at previous swing low... thoughts?
Was watching this trendline the last few days, finally broke to the upside... thoughts?
Stochastic oversold, then price rallies to break through the top of the channel with ease, wonder how long this will last... thoughts?