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Moving Average Convergence / Divergence (MACD)

Can GBP Bears take out the neckline?This setup is only relevant if we can get that daily close below this neckline. As i have already stated to TeePee Students; I want to hit a stop on this, and i will not trade it on a live account. all the reasons for this were shared in our live session earlier today. Targets (1.758 & 1.743) are fib ext targets (1& 1.618). i don't think the previous relevance of these levels is a coincidence. As above, no daily neckline break, then the setup is not in play.
Short
by TeePeeFX
BREAKDOWN OUT OF BEARISH RISING WEDGEi believe we may have had our blow off top and a correction has been due after all time new highs daily, acording to my new (10xbitcandles fantastic 4 strategy) * u can find my new strategy on my you tube,with full detailed tutorial and screenshots of using it on real trade, its under same name, sorry i cant leave no links, .... all signals have crossed on the 4h time frame, the (MACD) (RSI) (VWAP) AND (PSAR) those are the fantastic 4 indicators used and all you need to buy/sell, take a long/short entery and exit, as well as i have 5 golden rules when using my strategy, looking at my chart you can see all indicators have crossed and signaled bearish, we have broken downward out of the rising wedge pattern, my VWAP the most important signal in this strategy has fallen into bearish territory as i drew out trend lines for the hh-ll and it has breached the( LL) lower low, so i have put in a short position at 51,400 and stop at 52,300 just outside the upper part of wedge, and take profit using the (ATR) i use a 1 ATR on the (DAILY) pip and most times i do use the ATR for my stop losses as well and use 1.5 ATR on the (4H) , anyway one of my golden rules is to never use high leverage unless you are very experienced trader, never if a newbie as it is the single #1 that gets you REKT. anyway looks like a correction and maybe seen a blow off top but with the wild west of bitcoin and its bipolar swings u never know if it will just turn on a dime and move higher today since we left off on a (HH) higher high and most times i do not take a position until bitcoin has broken trend so would look for in this case a (LH) lower high, i use the (HH-HL-LL-LH) in my trading decisions and strategy, as you may see the ZIG ZAG on chart, another indicator that is used with my fantastic 4 is also (VMA) VOLUME MOVING AVERAGE, always make sure you keep a eye on any high volume spikes in the opposite direction of your trade, there are scam wicks and pushed up volume from whale manipulation aswell as the exchanges bots/algos have been known to trade against its users, so look out for quick spikes of volume in opposite direction and when taking trade always make sure the volume is in tandum with your position so when long make sure bullish volume and vise versa.
BYBIT:BTCUSD.PShort
by TENXBITTRADER
2
EURJPY MACD Buy pattern vs Order Book on H1Interesting situation has rise: an almost formed macd Buy pattern (if reverse from 61-78 Fibo) and profit seller until 127.3. In which direction price will prefere to run first? I would set a Sell Limit at 128.000 where some SL clusters are, just in case. Also, it may be interesting to Sell until 127.235, where al profitable buyers were lost already nut also, big SL accumulation is. If the price go down first, no problem for MACD. The Fibo has to be stretched. I would encourage to Sell now with TP at 127.27, SL 127.83, then wait the price to reach 128.000 for another Sell, TP 127.385, SL 128.54.
Short
by razvanpuris
1
Gold reached Key Low Support For a PivotGenerally we see a picot at this support retest. Seemingly we see this in play on the four hour chart. MACD indicator checks as MACD/SIGNAL are finding common support and not looking for an initial cross to pursue the 0 line. RSI is making a huge sweep out of the oversold zone as a strong pivot begins. I mapped out a consolidation zone within this level that could play as a pivot zone given the DXY strength. Recently we saw a slight downward gap in DXY that was quickly filled in frantic. However this could be a looming sign for a break in the greenbacks strength. On an off note we can see Bitcoin soaring while the Greenback has been strong. We can correlate that when Gold is going up Bitcoin and DXY are going down and vice versa. Please comment with thoughts and ideas. thank you.
OANDA:XAUUSDLong
by Pika7993
2
Top channel rejection for a sell offPresented on the 1 hr chart we see a potential pivot in play with top resistance rejection. Indicators are set to confirm with a full MACD/SIGNAL cross just above the 0 line. This will confirm a sell off in play. Watch for a pivot at 1.07400. With a MACD/SIGNAL cross through the 0 line the trend may truck right through our pivot zone. Take profit at current channel bottom support at 1.07200. Stop loss above current resistance with a full close out above. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993
2
Technical sell analysisPresented is a 1hr chart sell analysis. We can see rejection around 118.000. We may see a slight pivot to make a complete retest of 118.000 before the drop. I sentiment an incoming sell off if MACD/SIGNAL make a full cross through the 0 line. While this is happening we can see RSI forming a lower low breaking support in a slant pattern heading for the oversold zone. I have 3 TP targets as mapped on the chart. These targets also serve as potential pivots. Do not jump the gun and close out unless there are pivots the\at breach key resistance. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993
1
Ethereum in the bearish divergences zones!!!At the moment, the price of Ethereum it's go to down and we see that Ethereum it's need to find down the zone of $1,440 USD. that will be a possible conirmation to entry in the bull market in the $1,440 USD, the important and psycological point to bought. But we see in H1 timeframe that Ethereum it's formed a little bearish risign wedge, but if you see in H1 timeframe, we're go to the bearish trend pressure to sell. For that, I put a short position in Ethereum from $1,720 USD approximately and my SL it's so little in the $1,810 USD, the risk it's so minimu as 5% agains the possible earns of 16% to short Ethereum. i'm sell Ethereum In H8 chart, we see that Ethereum it's formed a bullish channel, and we see that the price action it's speak us to sell. The same in H4 timeframe that we see a bearsih candlestick group that they speak to sell Ethereum. And then, we see in Daily that a correction it's so necceary to Ethereum continue up!!! This senario could be possible and we see a 2 doji of indecisio that mark that the trend could to supposed a possible reversal to down becuase there's demand below at least of $1,440 USD. If you have a short or long trade plan, you can to post here about this idea of Ethereum. Guys, if you like this analysis, I Invite you to support this idea for others traders.
COINBASE:ETHUSDShort
by harisonhbn9718
5
Buy off supportOur previous Key resistance that was needed for a breach too continuation of .89200 is now acting as a Key support as presented on the 1 hr chart. While MACD/SIGNAL have made a cross on the 1 hr chart to set for a zero line cross, our two hear MACD/SIGNAL are making their initial cross for continued momentum. Our 1 hr RSI has made its breach deep out of the oversold zone with eyes on the overbought zone. Our take profit is our clear first line of strong resistance at .90000 with a take profit 2 at .90500 pending a .90000 breach. Stop loss would be a clear breach and continuation of our current support. Please comment with any thoughts and ideas. Thank you.
Long
by Pika7993
1
Buy technical analysis Presented is a buy technical analysis on the one hour chart. I mapped out the key supports at the sell off as we can see a pivot at 1.05400 with a support retrace at 1.05600. Following we can see the MACD/SIGNAL line making the initial cross up through the 0 line. This will increase buyer volume which will increase overall trend momentum. As a result we will see the RSI breach into the overbought zone. Take profit 1 at 1.06500 to secure profits in case of a pivot with a second entry riding through a potential breach to take profit 2 at 1.07200. Please comment with thoughts and ideas. Thank you.
Long
by Pika7993
4
Bull case for NIO using EWP Since the start of November of 2020 NIO has traded in an uptrend as pointed out by other traders interested in NIO. More recently it has been moving in a descending wedge pattern as it trades to the lower range of its uptrend to find support. On the daily chart, NIO is also finding support on the 25 day SMMA (and support on the 50 day SMMA on the 4hr) this seems to be converging with the lower support of the uptrend,an imminent MACD buy signal and the plotting of the EWP. The convergences of which may be a strong buy signal.
NYSE:NIOLong
by Yoimdop3
4
Analysis off resistance rejectionLooking for a pivot at marked resistance for a sell. These levels are 1.33400 and 1.33800. Look for a clear pivot off these levels for a sell entry. Currently MACD and Signal are above zero lines with potential cross through high volume Histogram bins telling us a retest is in play. A pivot off one of these rejections will initiate a macd/signal down cross to proceed towards 0 line. This is a strict analysis. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993
1
EUR/CAD: Sell pressure in the trend; explain it!!!In this analysis, we see that the day trading it's so bearish in Euro/Canadian Dollar or EUR/CAD. Now, I'm enfocous more in H2 tmeframe becuase in this point, there's an interesting good short position in this par that we can to sell right now in the market. There's a short opportunity to find down 102 pips, that it's a good profit to take it. I'm in the market price approximately in the $1.5439 CAD with the SL at $1.5480 CAD (45 pips) and my target will be the $1.5332 CAD (102 pips) This analysis in H8 timeframe it's the best to watch, becuase if you noticed it, we following this bearsih trend line that I also show them with red arrows these reaction that they make. So, I entry right now in the market using the price action in H2 timeframe, H4 it's ok, but I'd reccomend this timeframe H2 becuase it's the better, and also, this par it's so volatile and so liquidated that make movement so fast!!! And that, it's my Daily chart, we see that EUR/CAD it's into this cosnolidation and maybe in shott term, we could to leading down to these demand zone, in this yellow zone to bought, that it's a nice position ot put long position in these yellow zone in the down that formed this support!!!
Short
by harisonhbn9718
2