Long term downside potential to .92 and possibly lower. .786 confluence with -27 and divergence showing on macd Wait for proper set up and use proper RM
Nzdusd has made a move down this week and is making a pullback. My bias is to the downside for now so I am looking for short opportunities. I am seeing this 15minute flag setting up now and believe we can see at least one more move up on the 15minute before continuing a sharp movement downward. Both of these trades are very risky as they assume price reversals...
I don't ever trade the EurChf, but it's telling me upside here
Divergence, wave structure. Why not?
Eurnzd has been making a very nice supercycle structure and is almost finished and ready for a large long impulse to the upside. Patience is key here, so watch it closely and don't forget about the bigger picture. Daily MACD and RSI divergence with a 5 wave structure close to finishing 4 Hour MACD Divergence 1 Hour MACD Divergence with 5th wave stopping...
Divergence and a finished corrective structure It's possible price may make another low before upside. So either use a small stop under current low or calculate for a larger stop around 20-22 handle.
Trump plans on building the wall with 3 things: Steel, Rebar and Concrete. Look at the beautiful weekly divergence with this rebar company located in Texas-- right where the wall will be built. Buy it cheap, because if the plan goes into effect this stock should soar. Even without the fundamentals, technically it looks good for a buy after a small daily...
gbp is really low and looking good for a buy anyways.
Monthly divergence Weekly Divergence Daily Divergence 4 Hour Divergence 4 Hour wave count finished near 1.20 level and .-.27 fibo extension 1 Hour looking more impulse than corrective right now. Watch closely ladies and gentlemen. Buy low, Sell high *Arrows are for general direction
Wait for correction to complete and break through light blue line underneath flag and sell. 4hr view
Flag-pattern-TL-candle sticks signaling for one more down. Lets see...
Looks like its about to drop for a correction at least. In the longer term I think it still has a little bit higher to go. 2043 area is a nice target to watch for big shorts.
Can't tell you how many times I have seen this type of price action. Watch for a sharp spike up to break the high and then look for a short entry. Anything else invalidates this setup for me. It is generally a good idea to wait for it come come back down and break the upward blue trendline.
Silver is looking good for one more leg down, possibly to 786 of weekly fib to complete a 5 wave ending diagonal before correcting to the upside. You can look to enter short where its at right now, but be careful as I think it can still go a little higher.
Hello all, I am back from vacation and getting into the groove of things starting with analyzing the dxy. As most of you know this index is comprised of major currencies and heavily weighted by the EUR. With that being said, I find dxy analysis to be a fruitful place to start, as it is a helpful guide for any other dollar based pairs you choose to trade. I'm...