AUDCAD direction forecastThe pair has reached a major resistance on the daily following the recent bull uptrend. If resistance holds strong a retest of first support is possible for the bulls to load back up in attempt to make a push through the top resistance. Of the support does not hold a retest of bottom support is possible. This would present a great buying opportunity from that level if it was to continue in a straight channel.
RSI and MACD indicators are set for a sell off of some sort if top resistance hold. If top resistance does not hold look for that first retest and continuation off next resistance.
Please comment with any thoughts and ideas. Thank you.
Centered Oscillators
XRP/USDT : seems more bearish than before BINANCE:XRPUSDT
Hello everyone 😃
XRP is being neutral here, Stochastic RSI have a bullish crossover and MACD is being bullish..
So we expect a retest on resistance, then continuation for bears is possible.
📍 IF XRP Breaks resistance and take hold above it, then it will bounce to next resistance line located at 0.63$.
📌 By the way there is 2 EMAs which are acting as a resistance now.
🔴 As XRP is below 0.545$ it's slightly bearish, above it, bounce to higher resistance is very possible.
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
Technical sell with pullbacksRSI is in the overbought zone while we are finding rejection at top resistance. Given the chart pattern I forecast a sell off to bottom support with pullbacks as mapped in the chart.
If the MACD line crosses down on signal this will help give a push further away from resistance.
Please comment with thoughts and ideas. Thank you.
Buy (Identical to previous buy success)The pair found support at this zone setting up for another buy to retest top channel resistance.
The setup is almost identical to the last buy opportunity at this level. Look for the same pullback action as mapped on the chart.
MACD/Signal are making a push towards the 0 line to increase momentum. RSI has room to breach overbought zone.
Please comment with thoughts and ideas. Thank you.
Sell with continued forecastFinding rejection at top resistance.
Read the chart for TP and retest area for pullbacks and continuation/ pivot. Line space arrows represent potential direction off TP 2 support zone.
RSI and MACD are set up for a sell off as well.
Stop loss with break of top resistance with continued trend.
Please comment with thoughts and ideas. Thank you.
Sell off confirmed rejectionLooking for a sell opportunity with a top resistance rejection. Using 2 am timeframe trend for the reversal I have mentioned in previous posts 2 am is often a strong pivot point time.
If there is a significant break and close out above top resistance the trend may reach for the next resistance to retest.
Please comment with any thoughts and ideas. Thank you!
Buy off supportAnother buy opportunity with this pair off bottom support channel. Stop loss would be a significant break and close out below support. This would sentiment towards a continued down trend.
TP at top resistance as presented on chart. Expect pullbacks.
Please comment with any thoughts and ideas. Thank you!
Sell with safe entry pointWe have a significant breakout bar through a key support. For a safer entry wait for a break and close below .95800 as this serves as a strong pullback point. RSI and MACD have some room to break into their oversold zones to reach tp zones.
Pullbacks may occur at tp 1 and .95200.
Read the chart for better understanding and please comment with thoughts and ideas. Thank you.
Sell (Price action entry point)Presented is the 4 hr chart. Looking for a sell entry based off price action with RSI and MACD technical confirmation.
We saw a bull breakout bar with a key resistance rejection following an exhausted bull trend. Based off price action rules a longer full pivot waiting period is occurring along the key resistance (explained on the chart) I will wait for a bearish breakout bar in the 1 hr to enter a sell trade.
RSI has been looming along the overbought zone with the MACD set to cross down on signal.
Please comment with any thoughts and ideas. Remember my entry rule before making moves. Thank you.
EUR.USD Daily Short then Long. 13 CCI divergence, fib targetsCCI divergence favors some move down in price. 38.2% retracement of upmove Nov 11 - Dec 3-4 is at ~~ 1.201, which may be a good first target. But if price demands also want a small wave 5 up, where small wave 1 began early Nov., and if little w5 up is at least as big as w1, another good target could be ~~~ 1.24 (fib > 224%) or a fib 314% target ~~ 1.26
Political and monetary decisions this week should reduce uncertainty but we'll have to stay current reading our charts. Posted chart is what looks OK now, so I have nimble short EU in preparation for a possible later move to new highs for 2020
EURNZD - Dec 14 -18 Week trade plan
This is my trade plan for EURNZD for next week Dec 14 -18 based on HTF analysis.
Trades will be executed according to my trading rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close below/above previous candle in momentum direction
4- Targets for 1H recent support/resistance
Please refer to the Daily outlook for further HTF outlook.
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EURNZD - Daily Outlook for Dec 2020 - Update 2
This is an update to Daily outlook on EURNZD.
- Dec 10 Daily candle bearish close below Dec 4 bullish candle confirms bearish momentum continuation after retracement from Dec 1.
- A retest of 1.698x zone is viable to complete triangle of love formation and continuation of the bearish trend
- A break and support creation above 1.7340 level (Resistance Zone) will confirm bearish trend weakness and possibility of reversal higher to Resistance zones.
Notes for Next week:
Monthly Close : Bearish
Weekly Close : Bearish
Daily Close : Bullish
4H : Bearish momentum
1H : Ranging
Previous daily outlook : FX:EURNZD
Strong buyWe were stuck in the trading channel last week between 1.63000 and 1.64000.
I have pinpointed my strong buy sentiment on the charts. All very clear indications that the pair should continue towards top resistance and possibly breach to retest a new top resistance before reversal (most likely right at a whole number :) ). On the contrary we could see a significant breach following the second up trend after the first sideways breakout out following a downtrend.
Please comment with your thoughts and added ideas! Thank you and let’s crush this week!
Triple bullish divergence AMT
AMT Weekly:
The weekly shows a rejection candle that went up to -1 ATR, a point of reversal the last couple of weeks that often resulted in a pullback to the 21 EMA. MACD Histogram is ticking up, although EFI is hanging around its EMA and not showing much strenght yet. Stochastic RSI is bullish and its %D line is rising.
Daily:
There is a nice triple divergence here, on MACD-Histogram and Elder Force Index. Then a ATR channel divergence on the current decline as well. Stochastic RSI is coming from an oversold condition and supports the idea of prices going up here. Also, MACD lines are diverging as well, which is a strong sign.
Entry: 2.315
Target: 2.435
Stop: 2.24
R/R ratio: 1:1.6