The Macd is heading up towards the Red Line and the 0 level line. If it crosses above both then it indicates a bullish trend possibly starting. If macd Blue line falls back below the 0 level line void the trade, timing not right yet. Re-set up trade again. There is a resistance level @ 1.1824 that needs to be broken. Watch for a Break-Hook-Go so you don't get a...
The RSI indicator seemed to be overextended based on what the indicator signal showed here. Sell trigger was activated based on the rule set. let us know if you have any questions!
Depending on the Dollar Index if the dollar continues to be bought or if it begins to be sold off will determine the direction of the pair on the 4H. Currently the Macd is in the over extended sold side and the blue line is heading up towards the Red line and 0 level line which can indicate a bullish pullback/reversal may be coming. If price breaks the lower...
This pair has struggled at this support level @ 1.2846 for quite some time. It has broken that support and completed a Break-Hook-Go. Now the GBP has paused again which has given us a second support level to break @ 1.2811. I have entered a sell stop @ 1.2805 with a TP @ 1.2755
This is an example only of how the EFC Indicator finds trade trigger candles from RSI signals which will have divergence between the RSI and Price Action. The painted trigger candle open is used as a enter level with a stop order. This example had a sell stop order @ 664.0000. Possible targets can be Fib levels as shown in this example of TP1 @ 61.8%, TP 2 @ 78.6%...
Pair fell from the middle of the range between the 50 sma and 100 sma to the 100 sma while I was preparing this post. It is hard to enter a trade and then prepare these post if you are on smaller time frames. Macd needs a break with a long pullback with price. This will recharge the macd to lead the short continuation trade.
Pair was able to breakout long from the London Morning High and Fractal High. Macd blue line was above the 0 level line which give me a buy bias for the pair. I had a buy stop @ 1.1768. Our 5 Candle Mastery indicator helped find the Fractal High and gave me the Alligator MA for my TP. Price has now crossed over the Red Alligator Teeth MA for me to close the trade...
This pair is pausing at the 50 sma. It may bounce short from that resistance or may go up to the 100 sma and bounce short from that resistance. Watch the Macd for direction. Macd blue line may go up to the 0 level line and bounce short and cross back over below the red line. This will help confirm a short term bearish retracement to the resistance TP level. 1st...
This pair shows many signs that it may be beginning a bullish trend. We are at the beginning of that since we are at the bottom of this range box. The Macd Blue line crossed over the Red line which also shows the beginning of a new bullish move if it can stay above the Red line and then cross over above the 0 level line. This bullish move will happen we just have...
Pair has consolidated at the 50 & 800 sma and the 50% fib area for nearly 10 bars. Macd has crossed below 0 level line which indicates a bearish continuation. Entered at 129.62 with TP at the 100 sma @ 129.29. SL above 50 % fib.
I entered this trade at 10:30 am EDT @ .7925. Macd just crossed over 0 level line. Pair had been following the 50 sma 7 bars. 800 sma was right at the same spot as the 50 sma so great resistance for upward movement. TP was set at .7890 and has just been hit.
This pair is in an ascending triangle pattern. There can still be some distance price can travel in this triangle sideways. Price usually needs to be at least half way through the triangle before the break out. Chart shows lots of possibilities. My expectation is a break long so if price comes to the bottom of the trend line I will buy and set my SL right under...
USDJPY is a great pair to trade the NFP and FOMC on the 1H chart setup. I look to see if price is close enough to the 50 sma that news momentum can push price through to the 100 sma. 800 sma is above price which gave me a short bias for the trade. Price was above the 50 sma which if news pushed price short it was in line with my short bias from the 800 sma and...
This pair did a picture perfect setup for the Fractal High setup. Fractal high and buy stop were # 1.6150. SL under breakout candle. Big 3 Subchart indicator was adjusted for the 5 candle ma settings of 5-8-13 and it was green to indicate a buy signal. TP rule is when price candle touches or crosses red alligator teeth ma which made 63 pips.
This pair is in a Triangle pattern. I cloned the distance from the bottom of the trendline to the top and used that distance as my TP level. I did the same for the short side.
This pair has been progressing the bullish trend by creating higher highs and higher lows. So your expectation is that the trend will continue. The high has made a fractal high. There should be a bearish pullback to a range area, then look for continuation candle patterns to the long side. Enter then and enter a second time when the fractal is broken. If during...
This pair will take a break with a long pullback. Then will begin a continuation bearish trend to a Target Price range.
Pair can move in an uptrend this week to the swing high @1.1908 range as it climbs up this channel.