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Moving Average Convergence / Divergence (MACD)

EURUSD ShortJust caught a really good trend. Price rejected the resistance at 1.08859 and started to put down heavily. The bears took the charge big time. RSI and Stochastic were in heavily bought territory. MACD crossed over and i enered. I got in this one at around 1.08742 with SL at 1.09000 (placed after the recent high as i didn't think it would reach that high again). TP at 1.08228. We took a really nice 50 pips in this one in the space of just under 3 and a half hours. Looking to pick up another trade (long) as i think we will see a rejection of the support at 1.08192.
Short
by Ethan_FX
EURUSD LongMy trade yesterday looks to have gone to plan. I got in just after the highest high as illustrated on the chart. As you can see both Stochastic and RSI proved that the market was being over bought. This points to a sell. The resistance at 1.08505 was passed with flying colours but volatility soon started to fade. Then MACD crossed over which pinpointed my entry point. It is looking as if things are going to go from overbought to oversold pretty quickly. I am looking to get a long position when the same circumstances appear but being oversold not overbought (obviously).
Long
by Ethan_FX
Setting The Stage For Years To ComeThis Is The Only Thing I've been able to look at lately. For everyone like myself at times that feels anxious and uneasy about the market, I say zoom out. I find it very correlated that this extremely large formation took place after the last halfnin'. Could We see something similar play out if this break to the upside? Could massive volatility and fomo send us much higher then expected? Of Course, just as this formation also paints a very possible doom for Crypto as a whole. The break of this formation will decide the next 6 months of price action and based on anyone's trend line, were nearing its completion. I have two descending lines: One, from 20k to 14k Highs, This Line remains intact and untested since 14k Local high. Two, from 14k High creating what most concede is the top descending resistance channel line that were currently in. Weekly shows this as our 3rd attempt at leaving this descending channel, the break of which would almost certainly provide enough fuel to break through the second resistance line. I Present this chart with MACD in full view so you can get a sense of just how long and powerful this formation is. RSI, Volume and MACD have all respected this triangle and eagerly await its decision. ENTIRELY a guess but I'd say were somewhere around 75-80% through this formation. Could we have another pull back all the way to test 5400ish? maybe but if we retrace that far I feel like it would already be over. Conversely If we break 10.5K to the high side and open/close, Were looking at air above us. I Would Look to the 100 Weekly EMA as a guide. Which ever side of the triangle the 100 moves us out of, it'll most likely be a long time confirm of macro trend change/continuation
COINBASE:BTCUSDLong
by F0urL34f
AUD/CAD in a possible sell and indicator are overbuyToday at night, there are a interesting analysis to entry in a short position. Waoh, there are an armonic pattern bearish with possible proyection of 0.78 and 0.61 of Fibonacci of the weekly that I draw it. Also, if you look up a yellow zone, this is a great zone paint of yellow that represent a strong resistance, this is a not signal to continue bull, I do hope of this par that validate the RSI and MACD to sell it, very important, I draw in the RSI a blue line if the RSI began to do a high lower and the price is began to do a high lower, this is a signal for sell. Also, se need to validate as third point if this possible manipulation is going to accomplish if go to make a pull back in the zone resisteance once that quitting quickly all participants in the market for eating it their stop loss. Take precaution of this par, its a great opportunity to enter a short. Tomorrow morning I go to continue make thsi analysiss. Proyection is 0.618 or 0.782 of Fibonacci, and its accomplish, we can to take decision to see what could happening of there area.
Short
by harisonhbn9718
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