EURNZD - Nov 30-04 Oct Week trade opportunities for referenceFX:EURNZD
This is a summary of the trade opportunities during this week according to my Trade Rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close above previous candle in momentum direction
4- Targets for TP points from Week Outlook
Please refer to week outlook :
Centered Oscillators
NOTES: MACD- MOMENTUM INDICATORMoving Average Convergence Divergence
Type of Indicator: Lagging Indicator
-Data used in MACD is based on the historical price action of the stock. Since it is based on historical data, it must necessarily “lag” the price.
Consist of 3 components
1) MACD Line FORMULA: EMA 12-EMA 26
2) Signal Line FORMULA: 9-day EMA of MACD Line
3) MACD Histogram: FORMULA: MACD LINE - SIGNAL LINE
Functions
1) Momentum indicator for Bullish or Bearish
2) Helps in determining long or short position
3) Entry ideas
TIPS (Must not be used as stand-alone Indicator)
-BUY: When MACD Line Cross over the Signal Line + Reversal Candle/ Pattern
-SELL: When Signal Line Cross over MACD Line + Reversal Candle/ Pattern
-READY: When the MACD Histogram does not show big changes, ready for incoming big momentum either bullish or bearish
Idea sourced from:
-Investopedia
-YouTube Rayner Teo: MACD Indicator Secrets: 3 Powerful Strategies to Profit in Bull & Bear Markets
Continue to buy within this channelI do not see anything that is going to intercept NZD’s momentum. We can be confident that finding buying points within the support of the presented channel is safe until we see a significant break out of the channel.
Current indicators are playing out for a buy. I place an early buy prior to the MACD signal cross. Do not take blindly and place entry points along support line.
I expect an overall push to .74000 as we saw last year in Nov-Dec 2018
BTCUSDT 4H | Bitcoin market overview: Bulls DominationHello, dear subscribers!
Since the previous review, the price of bitcoin has increased from $16,000 to $18,965 per 1 bitcoin. Overheated market did not prevent customers from continuing to increase the price of bitcoin without significant drawdowns.
The current price of bitcoin is $18,700. The current resistance zone is $18,800 - $19,000. Fixing the price above this zone opens for buyers the way to $20,000 - the historical maximum of the bitcoin price.
Support zones: $17,600 - previous corrections were approaching this level. Below this level is the support zone 1: $16,500 - $16,800, and below this level is the support zone 2: $15,500 - $15,900.
In recent weeks, we have seen an unstoppable rise in the price of bitcoin, on the daily chart accumulated large overbought on the RSI and OBV indicator. MACD is in the green zone since October 10, it is a very long period of buyer domination. Growing trend is still in force.
It does not matter if we continue to grow from our current positions or go to correction, and at the top and bottom we have a large free zone for the bitcoin price movement. Which direction the price will go in the next few days.
Subscribe to the channel and stay with us!
Lumens going LightSpeed Part 2. XLMUSDBullish, strongly bullish. I've actually had some nice trades on this earlier this day. We are moving up even more, no doubt about it. FibGoals in green invalidation in red. And as you can see, impulse has been confirmed a while back. For Chrissake, this is not financial advice, but my hobby. Yes, charting is my hobby. Go sue me.
Direction watchWe are approaching key levels that offer strong supports. With NZD strength I think we may be able to push through these zones with retests at the key double zero points I mapped out.
I am looking for the MACD and signal on the 1 hr chart to make a 0 line cross with a candle close out. On the contrary I am looking for the 0 line cross to be rejected triggering the MACD line to cross back up through the signal for potential long entry. One of these key points will offer a strong reversal.
The Nasdaq Is Struggling at This LineLast week we cited the falling trendline in Apple. So far, it hasn’t broken out. Not surprisingly, this pattern appears in other key names like Facebook and Advanced Micro Devices. Most importantly, it’s also on the Nasdaq-100’s daily chart.
The tech-heavy index has been fighting this downward trend for most of November. This morning it made an attempt to rally above it but only stalled and made a lower high versus Tuesday.
Another key chart feature for NDX is the large bearish engulfing candle on November 9 – the same day Pfizer announced its coronavirus vaccine.
The stock market has undergone major shifts since then as investors embrace the reopening narrative. Energy, financials, industrials and small caps have soared. The old tech leaders have been neglected.
It’s also important to note that NDX initially led the bounce after the election. But then it got hammered by the vaccine news. That kind of failed rally attempt might be especially bearish because it produced a false breakout.
Finally don’t forget about bond yields, which may rise now that bond prices are near the top of their channel. Higher yields can reduce the appeal of high-multiple growth stocks.
Traders may want to keep their eye on NDX and consider its downside potential, especially if the broader market pulls back. Nasdaq and growth stocks may become a source of funds for investors looking to add cyclicals like financials.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Alibaba Shows Oversold ConditionAlibaba is the most prominent of the major Chinese technology stocks that have soared in 2020. It fell sharply after authorities suspended the initial public offering of its Ant finance arm on November 3.
That decline has landed BABA deep in oversold territory, according to stochastics. This is the most oversold since June 2019 when Beijing and Washington were clashing over tariffs and trade.
BABA has also returned to levels from July and August. The current price area around $260 is near the top of a bullish triangle that the shares escaped in late August (and retested on September 25).
Other Chinese tech stocks have kept climbing lately – even as the Nasdaq struggles. At this point there’s a lot of bad news priced into BABA, even though Singles Day set new records. Traders may want to watch for the e-commerce giant to stabilize and start thinking about some kind of bounce.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NVDA 11/16 Earnings Run and LongNVDA is one of my favorite stocks.
As for the earnings run I couldn't tell you if it will pump or dump after we hear earnings but here is why I like this stock for the following week:
1)MACD hit below -15.00. If we look at the last time it did that we had a month long bull run of +$100. The big unknown is earnings.
2)The support and resistance wedge is getting smaller just in time for earnings. We could be following either green line support. we will see as the week begins.
OGN/USDT : next candles will change movement ! BINANCE:OGNUSDT
Hello everyone😃
OGN Broke Cloud and some how take hold above it, But its not a sign of Bullish.
On daily timeframe, OGN rejected from cloud and Stochastic is touching 100 limit.
Also MACD is weak to break resistance !!
So its more possible to retest bottom...
By the way If OGN breaks cloud and resistance and take hold above them, Then its safe to take long until 0.27$
🔴Indicators are being bearish also on daily timeframe, there is no sign of bullish movement, So wait for confirmation above resistance to take long
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
A technical end of year path to very high heights in 2021The RSI is clearly in the bull zone. And we appear to be essentially parabolic at this point. I believe all these ideas predicting pullbacks at every level up to 20k, are going to result in us squeezing straight through to a new high.
Fundamentally, bitcoin is win-win at the moment.
If coronavirus is cured and the markets propel forward on good economic recovery news, there's more money for bitcoin. If its all doom and gloom, governments print money to save their economies, then Bitcoin becomes the inflation safe haven and more money for Bitcoin.
Last time we were at this MACD level, opening up on the weekly, we went up 13k in 2 months. Which would put us at 24k target price over the next month or two. This should also drive the macd up to around it's previous all time high. At which point, you would expect the market to pause, perhaps retest the previous 19k high for support. And then we're free for the next run-up!
If that happens; then we're going to see the mother of all buy signals with an all-time MACD high touch, ease off, then power through. Historically when that has happened on larger indices the price never goes back below that point. And the markets rocket upwards. Which would give Bitcoin the technical fuel to achieve the more outlandish price predictions; 40k right up to lottery winner levels.
But this is just an idea at this point... based on 3 assumptions:
1) Bitcoin is experiencing the start of its next big bull run.
2) We power through, invalidating all these ideas for a significant pull back on/before 20k.
3) We touch the previous macd high, and then push through it a few weeks later!
If they're valid... then 2021 should be a very pleasant year provided you don't meddle too much and miss out on the easy bull money!
EUR.USD H4 Short 13CCI tlbThere have been multiple signals on H4 from 13 CCI trendline breaks, each requiring teeny stoploss and having potential targets easy to spot/reap. The price action is trying hard the whole time to say UP, but until it gets above 1.1826 and H4 CCI shows a divergence, the price may still attempt to reach H4 targets of 100p to 250-300p lower.
Since the moves are working and stops are so teeny, and there still is no diver., I've shorted again @1.1816 and 1.18080 . Current SL 1.182. If it is hit today, look for an H4 CCL tlb to the upside.