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NZDUSD: Resistance Turned Support? (H4)Hi There, It has been a while since I have posted anything to Trading View, apologies! I spotted this setup over the weekend and it seems to be playing out how I would expect. The new highs printed last week at 0.6850 indicate that this pair may move higher, or at lest retest last weeks high price of 0.6860. The red and green boxes show where I would be looking to enter and exit the market. The previous range resistance area at 0.6720-45 is where I am looking to enter long. The risk/reward is a decent 2:1. Good trading, Luke
Long
by Beebags
Two potential shorts on GER30The current uptrend(see elipse on chart) the last couple of days has made things a bit difficult. I was expecting a temporary pullback. It sure came! But it came way later and way deeper than I had anticipated. Ergo, we have now two potential shorts. Keep in mind, if price decides to ignore the first red area and reaches the 2nd red area, the current long positions(see my other GER30 chart) get invalidated. So if it only reaches the 1st red area, the other long positions are still valid. As usual: 1. If price touches the red area, check if there is divergence on either MACD or stoch . If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double- bottom / top or w/m pattern forming on M15 or M1 . Will demonstrate those patterns when the time comes. If step 2 is fulfilled , continue. 3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade . If step 3 is fulfilled , continue. 4. SHORT when PRICE makes lower low . If it doesn't and instead makes higher high , abort this potential SHORT and look for the next red area.
FX:GER30Short
by TAFA94
Christmas and new year's eveThis ADX seems to be heading to a third wave that will be stronger than the other previous two. There may be some retracing in between with a short opportunity between now and christmas. I believe we will keep on an old support and won't go below 400. Then Santa's rally will come and keep up till 2016, then.... who knows, hopefully some sideways calm period, perfect for your january vacations. Once the trend on the ADX establishes, it rarely reverses in the middle. Would like to hear your comments.
OKCOIN:BTCUSDLong
by purpurato59
1
****IMMINENT STOCK MARKET CRASH AT HAND??????******STRANGE******I have not one clue about why this market is behaving the way it is right now . . . The exponential moving averages and the simple moving averages on the DIA suggest that the market is very bullish. MOREOVER, if one takes a look at the ADX indicator, the RSI indicator, the Stochastics indicator, and the MACD indicator, all of these indicators suggest a pullback on a Daily chart. HOWEVER, although the indicators suggest a pullback, strangely enough they tell a different story on a weekly chart. MOREOVER, on a weekly chart the indicators display massive divergence in this market that has been building up for SEVERAL MONTHS!! Furthermore, now that the month of October and November are quickly approaching, then perhaps one would need to consider some precaution, for it may be possible that this weekly scale divergence may unfold during the coming months . . .
AMEX:DIA
by TheBlanco951
2
London Session Watch EURGBPEUR/GBP has been quite volatile recently which was caused by both the Pound and Euro dollar. There's no obvious trend over the long term horizon but based on the shorter time frame, we do have bullish momentum going on in this market as we can see through the up sloping trend line and Tenken-sen continuing to stay above the Kijun-sen. The current support level is at 0.7977 and the resistance level is at 0.8036. We can also see that there's an inside bar candlestick pattern formed at the 0.8036 key resistance level which could cause the price to have a little pullback before it surges higher. We could potentially have buying opportunities near the trend line and 0.7977 support level in todays London session.
Long
by radoslaw.mazgaj