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Dualrsi

ETHUSD LONG Sitting on Demand Zone Fib TargetsOn this 15 minute chart from the candlesticks, supply and demand zones are tool drawn. The resistance trendline and flat bottom form a triangle pattern. The Fibonnaci retracement tool is used to find likely targets which are also pivots to the left. The dual TF RSI indicator by Chris Moody shows both the faster 5 min and the slower 60 min rising over the 50 level with the faster higher than the slower. The times straddle the chart time. Based on all of this I will trade a swing trade long on forex with leverage set at 20. Partials taken 25% at each target to minimize risk. Stop loss initially 40 ( the height of the green demand zone) then raised by 22 every time price moves by 20. Expecting 60% profit overall in consideration of a tiered closure and the leverage for a trade of 10-20 days depending on the trend angle moving forward.
BITSTAMP:ETHUSDLong
by AwesomeAvani
1
TMF - Long Term Leveraged Treasury ETFOn this 4H Chart TMF has rallied in the past week about 9% as the reports of the impetus of inflation has diminished. On the zero-lag MACD, the lines are staying above the histogram which has not converted from negative to positive. The dual time frame RSI showing low 1 hour TF in blue and daily TF in black has the lower crossing over the higher both at the lows on July 10th and now both over 50 with the low 1 hour TF still above the higher daily TF. This confirms bullish momentum. Price is on a VWAP breakout ascending from the support of the 2nd negative mean anchored VWAP to above the mean anchored VWAP with a retest as well. Price is now above the POC line of the volume profile demonstrative the dominance of buying pressure over selling pressure. On the ADX indicator, a positive trend is rising while down trend is dropping proportionately with the intersection and cross occurring on July 12. Positive ADX is staying above 20. Overall I see this as an excellent setup for a long swing trade targeting 8.05 in the area of the values of the highs of June. A higher target would be about 8.3 where there were some recent pivots If the fed does an about-face and pauses rate hikes, a significant rally could ensue.
AMEX:TMFLong
by AwesomeAvani
3