Price is sitting on a tested support line with a 12:00 candle showing indecision and then the 13:00 indicating a change in price direction. 1Hr and 4Hr stochastic oscillator signalling the marketing is oversold. I am speculating the market with reverse to the previous resistance level, as shown in the graph.
Stochastic Oscillator indicating an overbought market on the 1Hr and starting to turn towards the range zone suggesting a price reversal.
6am candle hit the 0.786 resistance on the Fibonacci and was rejected. Placing Stop Loss just above the 0.786 Fib
7am and 8am Candles turned bearish and suggesting uncertainty.
Potential price reversal to the buy-side.
Trading on 1Hr chart here, the anchor chart is showing the price is turning to an uptrend.
Candles on a 1Hr chart are showing a Three Line Strike.
1Hr Stochastic signalling a potential short term reversal
Potential continuation of yesterday's short.
1Hr chart indicating potential momentum coming into the price as the 7am and 8am candles see some volume after 4/5 hours of stagnation.
Price is still under the 200day SMA
1Hr Stochastic facing the 50 line
4Hr Stochastic starting to turn towards the downside.
Following the swings in the range 4Hr range.
A reversal has already been confirmed by the price action turning bearish.
Stochastic RSI indicating a turn in the market at the two signal lines reverse.
200 Day SMA confirms the trend is bearish to confirm a short buy
Price has the potential to breach the 1.18726 support line.
On the 4Hr chart Stochastic is showing signs of an oversold market and the MACD starting to swing around to the buy-side and the 5day & 8day SMA's have just crossed, signalling a potential reversal.
On the 1Hr chart, the Stochastic is entering the momentum zone for a buy and the histogram on the MACD is...
Throughout the Asian hours, the price broke the 1.30186 support line but was rejecting pushing the price upwards.
The signal line and MACD line have just crossed and the lines are showing the potential for a big swing upwards.
Stochastic lines are crossing approaching the 50-zone suggesting momentum may pick up for the bulls.
After a few days of buying the price is showing uncertainty with a few dojis showing on the 4Hr chart.
1Hr Stochastic is signalling an overbought market and the MACD line is crossing the signal line as well as the Histogram showing a downwards reversal.
Main to watch out for is the ECB Rates tomorrow and the Bank of Canada's rate decision today at 15:00
As fear of a No-Deal Brexit looms, the £ is taking a sliding hit with the FTSE following. I have placed this trade this afternoon with the opening of the US to see if they follow suit of the European session this morning. I suspect with Borish Johnson's bullish and pragmatic approach to Brexit the market will fear the chances of No Deal being even more...
following on from the momentum at 10:00 am, I am estimating the trade will continue to the lower support levels as seen on the chart. Stochastic is crossing the 50range confirming a downtrend and still in the momentum range. 5 & 8 SMA are crossed confirming reversal.
I am testing out a new strategy now as I have had numerous losses over the past few weeks and my profitability is sliding. I am focusing on larger timeframes to cut out most of the noise of intraday trading. However, to execute the trade I am making sure the 1hr chart is indicating a buy/sell indicator for the trade to play out in the 4hr chart.
The US has...
MACD crossing the signal line
MACD histogram signalling a bear market
5 day SMA & 8 day SMA crossed on the 15:00 candle
Price trading under 200 day SMA indicating a bear market
4hr stochastics oscillator lines just crossed showing a reversal in momentum
Overbought conditions for the dollar
The overall market trend is downwards, however the price is currently crossing the 200 SMA
8 & 5 SMA just about to cross signaling a sell-off
MACD histogram is going light green suggesting the market may be turning short4HR chart confirms the market is bearish and the MACD is showing signs of uncertainty
MACD line crossing the signal line
MACD histogram showing volume short
Stochastic oscillator lines crossing and pointing downwards
Set TP at resistance around the 0.91080
4Hr Stochastic oscillator showing signs of a potential continuation of the down trend
MACD line just about to cross the signal line indicating a potential buy.
MACD Histogram has turned a lighter red, indicating withdrawal from the market.
Candles indicating revers, with a DOJI and a bullish candle at 6am.
Stochastic Oscillator entering bullish momentum.
Price currently sitting on 200 Day SMA potentially indicating a reversal to the buy-side
MACD line is crossing the signal line.
5 day & 8 day SMA's are crossing just before the move indicating a potential downturn
Stochastic K% &D% diving into the momentum zone
MACD histogram showing momentum to the downside
Set up 2X TP