bishopblue

bishopblue

Bounced on MA50. See this on 114 level within the week.

bishopblue

Nothing has changed. The price keeps on being rejected on MA20. This is how I'm going to trade this pair SHORT (0.71198) STOP (0,71588) TP (0.70404) Not a recommendation. For my personal reference only TRADE AT YOUR OWN RISK.

bishopblue

The NZDUSD is on a downtrend since April of this year. Last Friday, it broke the MA20 and barely above MA50 and is knocking on the upper channel. If the price gets rejected, we will see this bounce on previous low (0.64232) or making a lower low scenario. If the price breaks the upper channel, it will retest the previous high @0.67000 area which is also in...

bishopblue

First, the capitulation pattern occurs on the 3/4 of its ascent followed by a confirmation candle. Second, BULLISH crossover on MACD Third, breakout of trendline on RSI More than enough set up to confirm the triggers for long entry.

bishopblue

FOR OCT 22 - 26 Are the bulls simply losing its momentum? Let's see if the BEARISH DIVERGENCE will materialize.

bishopblue

For Oct 15-19 trade Capitulation pattern occurs at exactly three-fourths (3/4) of its ascent. Triggers a long trade with the confirmation of the bullish candle on the last trading day. Like my post if you find it useful. You can also PM me if you want to know how to trade the set up. As always, trade at your own risk.

bishopblue

For Oct 15 - 19 Capitulation pattern occurs at exactly three-fourths (3/4) of its retracement. Triggers a LONG trade for EURGBP

bishopblue

Update for the OCT 15-19 trading week. The pair is downtrend for medium to long-term. Price is sitting on 618 extension. Further drops will tend to revisit the multi-year support level at 0.68270

bishopblue Updated 

Price must bounce at MA100 to continue its uptrend momentum. Otherwise, it will become downtrend and the price will retrace to 110 or 109 level

bishopblue Updated 

Just like in the previous patterns, after breaking out of MA100, the price retested and bounced (see the encircled portion). USDCHF is back in upward move. Initial target is at 1.0070 neckline of the inverted H&S pattern. Easy trade if the price breaks the neckline.

bishopblue

Back in downward trend. Will try to break the previous low it set last Oct 9 (1.14322). My initial target still at 1.13591 completion of bullish shark pattern.

bishopblue Updated 

My personal bias for this pair is the bears is still in control. Target is @1.13591 of the bullish shark

bishopblue

After being rejected twice on 786 fibo on Oct 4 and 5, pullback is imminent. Healthy pullback must not fall below the Oct. 3 candlestick (0.98332). I noticed every time the price breaks above MA100 the price pullback and headed upward to revisit the neckline of the inverted H&S. (see the encircled portion). Enter a long trade just above or below MA100 and the...

bishopblue

886 Fibo is in confluence with median line of the orange channel. Let's see if 886 retracement will be respected.

bishopblue

Possible target price is at 1.35457

bishopblue

Confluence of bearish divergence on price action and MACD and RSI

bishopblue

After being rejected at MA50 (0.73039) last Sept. 21, the price continues to drop and may retest the multi-year support it set last JAN of 2016 @0.68270.

bishopblue Updated 

After almost 6 months of uphill climb for this pair, it is now approaching the major resistance around 114 area. To be able to break that year-long resistance RSI must also break the 73.77 level. As the price goes higher, the oscillators must follow suit otherwise a bearish divergence will form. My personal bias for UJ is that the price will get rejected as the...