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Reversal-trade

USDCHF ARE WE ABOUT TO SEE A REVERSAL?Pair: USDCHF Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, pennant ————— Key Takeaway: We have broken our upwards trend line and seen a bounce off our resistance levels. We now need to see a push through support and rounded number and we will then be entering short ————— Level needed: need a close by ————— Trade: Short RISK:REWARD 1:11 SL: 20 TP: 220 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
It might be time for Oil and Nat Gas to turn: Watching $GUSHGUSH Reversal? An idea I'm considering but its a bit complicated to trade this one. 3X ETF containing a bunch of nat gas an oil stocks. Very high correlation with XOP. Watch out for decay if you plan to hold. HONOR YOUR STOP and don't be greedy yet. Here is a screenshot of the 3 tickers shown in the idea cart. i.imgur.com Oil (/CL), Nat Gas (/NG), and XOP have all been in sold downtrends for quite some time now. We are entering winter (elevating factor). Trade tensions are reaching a breaking point (over reaction might be ending, new reaction could come soon). Gush has slowed its decent and is possibly reversing along with 3 other key charts. If you are trading alone join our discord and share what you know with us. There are no GURUS and you probably should not trade based on others calls but lets push ourselves to become the best trader we can be. Its free so join in and follow your passion with others like you. discord.gg Like this idea no matter what and don't forget to subscribe for my private ideas.
AMEX:GUSH
by Noxtreme
3
2] How to use Traders Dynamic Index and Complementary OverlayWe here learn to observe the higher time frame 360, and analyse 1D that RSIPL are crossed down parallel. So lower than daily time frame= 540, 360 allows for trend entry at a 360 RSIPL and 'TSL initial cross down for max profit. On 180 as on 360 allowed for entry using the RSIPL/TSL crosses down. Also observing Phaser very near price as it 'pushed' priced down until price could breakout Phaser which had much importance. Price breakout of black Midline meant clear reversal and price retraced to it for support with target being HighPhaser or Fibonacci retracement tool for extension target. Entry for this retracement was possible by means of the countertrendline cross. __________ Promoting free and highly useful Indicators: KK_Traders Dynamic Index_Bar Highlighting Traders Dynamic Index Overlay "Price Action Channel Master by JustUncleL Restored"
Education
by YardleyRosette
USDCHF- Bullish Move UpOur RSI 80-20 Strategy triggered a trade. Below are the rules of the strategy: Step One: Find the currency pair that is showing a high the last 50 candlesticks . (OR low depending on the trade) Step Two: When we find 50 candle low, it needs to be coupled with RSI reading around 20 or lower. (If it’s a high it needs to be coupled with the RSI reading 80 or higher.) Step Three: Wait for a second price (low candle) to close after the first one that we already identified. Step Four: Wait for the price to head in the direction of the trade and wait for a candle to close above the first candle that you identified that was previous 50 candle low. Step Five: Place Stop Loss-This strategy follows a 1 risk to 3 reward ratio entry/exit points.
Long
by Tradingstrategyguides
1
Divergence, again, on USD/CADAlthough in a healthy uptrend, USDCAD has run into resistance at ~1.3070 which happens to be a price level on the weekly chart that has previously been tested (as support in April 2004 and resistance in March 2009). Price closed below this level on Friday as a high test bar. Coupled with bearish divergence on the Stochastic and RSI indicator a price action behaviour is suggestive of bearish sentiment. Judging by the optimistic Fed outlook to raise interest rates, and positive expectation from the US economy from improving economic data, a stronger US Dollar is likely to continue. The following short setup banks on a technical perspective to take advantage of a sell signal; potentially a temporary run. entry - below low of high test bar stop loss - above high of high test bar target - previous level at ~1.2771
Short
by amanpaulbhogal