MACD and RSI confirm a bounce off the top of the channel. Not betting a short of the full channel due to the current Euphoria we are experiencing in the market.
short term long based on a MACD and RSI crossover, and the current range it is trading in.
just a correction to the last chart
will the current gold channel stay intact?
HELI had a breakout recently. Great thing about small caps is they move in much straighter lines. Likely due to less day traders and funds working them.
Positive MACD and RSI. Just made a big jump up on high volume. Take profit at Fibonacci extension
Vodafone has broken out and pushed up. MACD and RSI are bullish. Taking profit at the Fibonacci extension
RSI divergence and a MACD crossover suggest UK100 is heading for another downtrend. I am just waiting for an RSI cross below 50 to confirm the negative trend.
just a quick personal test and log using my script and strategy
A short position in EUR/CHF >The moving averages are still in order meaning the bearish trend is still intact >StochRSI just intersected 80 signalling the start of a new short term trend Entry is at 1.2214. Risk is at 1.22365(the 200 day moving average), and reward at 1.217 >at 1.2192 move the stop loss to break even
An excellent short term trade in EUR/USD. >The moving averages are still in order, meaning the trend has been preserved, despite the deep correction we have just experienced. >The morning doji star is another bullish sign >As is the highly oversold nature of the stoch RSI I plan to enter if the 1.373 mark is breached. The risk is at 1.36457 and reward at...
Rising wedge and bullish divergence signify that we are going to be seeing a correction in the 10yr note. Agree or disagree?
The idea is to go long at the lower range then exit at the next level up, for a seemingly high probability, good reward trade.