As per my previous ideas, if price closes below the MA line then it's a SELL.
Similar set up to my BUY USD/CAD idea yesterday. If price closes below MA line then it's a SELL.
If today's candle closes above the MA line then it's a BUY.
I previously published a BUY based on engulfing candle. This is not in profit right now but the selling did not go beyond the last low wick. Also, the latest red candle closed within the price action of the previous candle. Therefore, my idea is still a BUY.
Today currently shows an engulfing candle. Looks like buyers have returned. Watch for continued bullish action in lower time frames on the next open.
Previous selling/resistance zone could now well be support/buy zone. Watch for a clear turn up in lower time frames.
Divergence in the MACD histogram and not much of a rejection from starting price of last large move down. I think this pair is now a BUY.
My previous short idea worked in the very short term but the daily candles have pushed higher, probably taking out the stops of all those outstanding shorts. I believe the small climb up is the final push to the top but that's as high as it's going to get. The MACD is showing divergence in the histogram. Watch in lower time frames for the move lower before committing.
The daily chart appears to indicate that the buyers have taken over. Therefore, watch lower time frames for a definite break of that current resistance line before entering a trade. However, the previous break using the hourly chart at the beginning of August did not last so be wary.
I recently published an idea to short this pair which has proven correct. If the candle for today stays the same over the next couple of hours, I do believe it indicates that further selling will continue into next week.
I previously published an idea to be ready to SELL this pair by watching lower time frames. The daily candles still indicate that continued selling into next week is likely. So, if you are watching in smaller time frames, look for your sell signals.
Keep an eye on lower time frames. Daily looks like a SELL is on the cards.
That final candle on Friday looks like the start of some selling so keep an eye on lower time frames and be ready to SELL.
I published this idea on 2nd July which is working out nicely but will the BUYING continue? I think it will reach the 50% FIB as per the chart. It may also reach the projected FIB price which happens to be a 'SELL ZONE'. At which point, I do believe the SELLING will re-commence.
I think this current move down has enough legs to reach the 50% FIB retrace target.
I previously published a short idea for this pair, expecting the move from 5th June to continue down due to the rapidness of the selling. However, this move down has paused for breath by way of a retrace back to half way, the 50% FIB. I believe that is it for the buying. It's SHORT from here although I have yet to establish a target.
I published a LONG idea for this pair and got it wrong by about 3 days. Wrong is wrong though. The previous move down was a 76% retrace right on the button. This move up has started a retrace and has almost but not quite made the 50%. A conservative target would be the 61% but I do think it's got legs to get to the 76%. I expect the final leg up may well come in...
I previously published a LONG idea and the price has almost touched the FIB 38%. I still think the 50% will be the eventual final destination before a turn down.