Centered Oscillators
Technical buy off supportThe pair is finding support at a previous pivot. MACD and signal have made a cross with RSI gradually exiting oversold zone. Volume for both currencies are high with CAD having slight edge.
TP as shown as chart. A MACD divergence may lead to support breach and SL to retest lower support.
Please comment with thoughts and ideas. Thank you.
Current buy sentiment with potential sell forecast. Currently the pair is finding support at a major level. For a safe entry point off support to avoid unexpected swings I will place a buy stop at 116.500 with a take profit at 117.700. My personal sentiment is for a buy.
On the contrary a significant breach and close out below 116.000 will sentiment towards a 113.800 sell retest.
Given chart pattern if entry rules are followed whether it’s a sell or a buy will result in profit.
My indicators are set for a clear pivot into a buy with RSI making a pivot at the oversold zone and MACD/SIGNAL attempting to fan outside of histogram bins that signal low volume sellers for a cross heading towards 0 line.
Please comment with thoughts and Ideas. Attached is a previous premium price action forecast that was spot on. Thank you.
EURNZD direction forecast The pair is at a key resistance. I am looking for continued rejection to drop to next key support as shown on chart. A retest of the top support is possible before a drop. A break through top resistance will sentiment towards bullish trend continuation.
MACD and RSI are in their pivot zones for a reversal but also have much room for a takeout and continuation. My entry will be a MACD signal cross with strong rejection.
Please comment with thoughts and ideas and make sure you read my forecast thoroughly. Thank you.
Buy scalp with supportFinding continued support .90900 which correlated with the current RSI trend support.
All indications point towards upwards momentum to retest the current top resistance in this channel.
A break of this support leads to the next support retest.
Please comment with any thoughts and ideas. Thank you.
Ascending channel trading (Sell/Buy scalps)Presented is the 1 hr chart. A clear ascending channel is in play with high volume buy/sell swing trades. This is a perfect scalping channel to gain profits off a current volatile market.
Look for buy and sell opportunities from supports and rejections. A significant breach out of the channel may sentiment a new direction pattern.
Current position is set up for a sell looming at the top of the channel.
Please comment with thoughts and ideas. Thank you.
Buy/Sell within straight channel.Presented is a simple channel setup while we are bouncing between major low support with current channel high resistance. Pullbacks are significant in this zone as you can see on the chart.
My sentiment for this pair is entering sells at top resistance with rejection and entering buys at the major support with support confirmation.
Current indicator sentiments towards support retest.
Please comment with thoughts and ideas. Thank you.
BTCUSDT and " Hidden Divergence on MACD "Hi Dear traders, nice to meet you.
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In my opinion, this is Hidden Divergence on MACD
It has a good position for the uptrend.
We have to see what happens in the coming days.
Happy Trading and Stay Awesome!