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Macddivergence

APBR - ArgentinaPetrobras respeto la base del canal alcista que viene en el que se encuentra operando desde hace ya varios meses. Actualmente esta luchando por mantenerse arriba de la EMA50 (marcada en color naranja). Atencion!! Presenta una importante divergencia bajista en el MACD y en el RSI que se viene gestando hace varios meses. Habra que ver si se mantiene por encima de la EMA50 o si ira a testear la base del canal otra vez. APBR has been trading in a bullish parallel channel for several months. It's struggling to operate above EMA50 in the daily chart. It has successfully bounced from the base of the channel a few days ago. However it has been forming a bearish divergence both in the MACD and RSI so it would be reasonable for the price to adjust to this one.
A
by NicoTaccari
2
Weekly Watchlist: GBP/USD - July 8 - 12, 2019DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". DAILY: Price has reached a strong support area. There might be a possible double bottom, and there is MACD divergence. Over extended 50EMA. We might be looking for a reversal. 4HR: There was a lower test candle printed. Price still below the 50EMA I would have to wait for a cross of the 1hr 50EMA before taking a long position.
Long
by EdwardFabianRamirez
2
Serious Confluence Indicates – GBP/JPY going fo CorrectionQuasimodo Level after MACD Divergence and Pinbar Pattern in GBP/JPY Today, this GBP/JPY pair is in a downtrend of almost 1000 pips and is still considered bearish. Yesterday’s 1D chart, the candle has ended as a Pinbar pattern. The Pinbar candlestick pattern is a reversal pattern and is a very reliable pattern to use amongst forex traders. In this 1D chart, there is a bullish Pinbar which shows us the first signal for a reversal opportunity. There is also a MACD Divergence price formation. If the price creates a lower low, then the MACD creates a higher low. This indicates that the downtrend is decreasing its strength, and now gives us the second signal for reversal opportunity. This is at least for the short term. In the 1H chart, below, there is a third signal, which is a new demand, and it is a Quasimodo level which is considered to be a very powerful level. The confluence of these three signals, the Pinbar pattern, MACD divergence, and the Quasimodo level, all create a reliable opportunity for a reversal position. The right level to open buy position is the demand below, which is the Quasimodo level, and of course only, if the price retraces to that level. The first target for this position is number 1, the supply above. The final target will be number 2, the supply at the top.
Long
by the5erstrading