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Moving Average Convergence / Divergence (MACD)

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
1
Swing Trade to 12/20I entered a nice setup on EUR/CHF that I want to share with you guys. First off I'm more of a swing trader rather than a scalp trader. It's much easier for me to spot reversals, and I'm a very patient trader, as such swing trading is my favorite game. Okay, so let's get on with it. On the daily we can see the price broke out of of a falling wedge, and price has tested the top of the wedge, which was previous resistance, now as current support. Add to that bullish RSI, bullish MACD cross, as well as a 3 soldier daily candle formation. Then on the weekly the weekly RSI just made a bullish cross above the 30, and we can see the macd converging and prepping for a bullish cross. So I took a fib measurement from the top, which was at the first quarter of 2018, to the bottom (I hope it's the bottom...lol) and am aiming for the halfway point at the 50% fib. And I have place my stop below the low and have entered on the Bullish engulfing which is about to close for the week. Let's see how this goes, but the confluence and technicals look really good. I'll be holding this till the end of the year. Let's Go!!!
Long
by ChartCrushers
2