jmontana1980

jmontana1980

There is no guarantee! No one can predict exactly the next price movement. However, this is what the chart is telling me now. Price is bottoming at a dynamic support level with bullish divergence. Sells are coupled with high volume trades, indicating buys are taking up much of the supply preparing for a rise in price for distribution purposes. MACD is close to...

jmontana1980

Using various Fib retracements and projections at points of major and minor swing waves, we get confluence of Fib levels to obtain stacked zones of support at retracement and extension levels (i.e., beyond 100%). The zones with greater levels of Fib confluence, the higher the confidence of those support zones will be. In the analysis, I am showing three possible...

jmontana1980

The high reached a resistance level that was confirmed by the confluence of regions in yellow of the fib external and fib projections levels at 127.2% and 38.2%, respectively. The uptrend wave extended beyond the 100% retracement to the extended zone up to the most recent high. The fib projections showed that the previous uptrend wave before the most recent high...

jmontana1980

We can identify the beginning major swing wave low as the anchor and the major swing wave high as the mast. Using the three major swing wave low points with the mast, we use the Fibonacci retracement to create an area of confluence.

jmontana1980 Updated 

(Continued from 1 of 4) In the GOLD (US$/oz) 4 hr chart, we get further confirmation that the bullish divergence in this time frame has already occurred and momentum favors the bulls. Within the support and resistance channel, we see a higher low has occurred and hit a new level of support indicated by the direction of the price to the upside after hitting that...

jmontana1980 Updated 

I will use this chart to describe the bullish divergence analysis coupled with the relationship of the EUR/USD 1 day chart and the currency correlation to GOLD (US$/oz) with its 4 hr and 1 day charts. Those charts will be published separately as "EUR/USD 1 day Bullish Divergence Swing Trade 2 of 4", "GOLD(US$/oz) 4 hr Bullish Divergence Swing Trade 3 of 4" and...

jmontana1980

This chart is used for further confirmation of a bullish divergence for a EUR/USD swing trade.

jmontana1980

This chart is used for further confirmation of a bullish divergence for a EUR/USD swing trade.

jmontana1980

This chart depicts hidden bearish divergence using trend lines to demonstrate a lower high in price with a higher high RSI indication. As the bears drop the price to form the lower high, the RSI is indicating that the price has become even more overbought than the previous high which could mean that the price could continue to drop further.

jmontana1980

This chart depicts a hidden bullish divergence using trend lines to demonstrate a higher low in price compared to the RSI at a lower low to indicate that the currency pair was even further oversold at that point and a divergence in trend to the bullish direction may occur; which it did after the higher low in price.

jmontana1980

This chart depicts a bearish divergence using trend lines to demonstrate the higher high in price and the lower high in RSI. The bulls have exhausted their buying and the bears have overtaken position after the higher high in price.

jmontana1980

This chart depicts a bullish divergence using trend lines to demonstrate lower lows with an increasing slope of the RSI to demonstrate that sellers are exhausted. The bulls take over after the lower low to increase the price in an uptrend fashion.

jmontana1980

BTC/USD on the daily chart is showing bearish signals with the price dropping below the 300 SMA and staying below it for some time before recovering, however, the SMA 20/50/200 have flipped in a bearish pattern signaling a downtrend. The weekly chart however is still very bullish with the SMA 20/50/200 in ascending order. I think we may see BTC correct soon near...

jmontana1980

Straddle trade position in a consolidated area within a reasonable length of pips. Breakout buy entry (buy-stop) set to 1.23798, breakout sell entry (sell-stop) set to 1.23590, range is 208 pips (difference of buy entry and sell entry points), buy-stop stop-loss set to 1.23715, sell-stop stop-loss set to 1.23673, buy T/P target is set to 1.24006, sell T/P target...

jmontana1980 Updated 

Between the channel-lines, starting at high 1 (H1), the RSI is indicating a change in direction to the downside showing selling pressure which continues to high 3 (H3) where it starts to shift in direction gradually as the selling pressure is slightly lifted. The MACD shows a cross-over at H1 to indicate an over-bought position with a change in direction (or...

jmontana1980 Updated 

I am new and learning straddle trading. Please disregard the previous straddle trades for this idea. Here is the final corrected version. This is a good straddle trade position in a consolidated area within a reasonable length of pips; range is 0.00212 (212 pips). Breakout buy entry (buy-stop) set to 1.23656, breakout sell entry (sell-stop) set to 1.23444,...

jmontana1980 Updated 

This is a good straddle trade position in a consolidated area within a reasonable length of pips; length from top channel-line to lower channel-line is 0.00246 (246 pips), divide by three sections, the range size is 0.00082 (82 pips). Breakout buy entry (buy-stop) set to 1.23551, breakout sell entry (sell-stop) set to 1.23469, buy-stop stop-loss set to 1.23531,...

jmontana1980 Updated 

This is a good straddle trade position in a consolidated area within a reasonable length of pips; length from top channel-line to lower channel-line is 0.00246 (246 pips), divide by three sections, the range size is 0.00082 (82 pips). Breakout buy entry (buy-stop) set to 1.23551, breakout sell entry (sell-stop) set to 1.23469, buy-stop stop-loss set to 1.23531,...