Go AheadA linha do histograma macd= linha macd - linha sinal apresenta tendencia de alta, a linhas de suporte de baixa e de alta , em vermelho representando os momentos de baixa e as verdes representando os momentos de alta , mostram uma leve discrepancia, um angulo diferencial, das 2 linha verde, um que acusam um tendencia de alta.
The online macd histogram macd = line - trend line signal is high, the support lines of low and high, red representing low moments and green representing the moments of high, show a slight discrepancy, a differential angle ,red lines and green line , who suffers from a tendency to high.
High
GBPCHF Bat Pattern at Daily Highs'* I tried to post another chart with this showing the advanced pattern, but think I messed up doing so. I'll keep trying but here's the daily view that was suppose to compliment my other chart** SORRY GUYS
I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the daily. As a countertrend trader it's important to realize that I'm not looking for the big long-term move, simply a brief correction.
If this correction rolls over more than expected there's a 2nd potential bat pattern down at our previous structure lows giving true trend continuation traders an excellent spot to get involved with an outstanding risk/reward.
NFLX head&shouldersHigh-beta names feels a bit heavy at this point after a big run since mid of May. In Netflix, after it borke up bear chanel, it had a nice and clear move following the 8-day EMA from $350 to $475. It failed to hold above previous high $458. Right Shoulder was re-test of this resistance that is still in tact. Entry Short on break of neckline around $433-$434 could give us high-probability trade. For trader with different risk parametres you can use earlier entries with tighter stops. This time I don't have well-defined target, reasonable level is $417.20 base support. I will measure and update.
Stock Indexes setup for a moveMarket Geometry like this normally results in some kind of significant move - especially when you factor in price...
and the other stock indexes, S&P500, The Russell, NYSE - all have this.
I don't need to have an opinion - all i need to do is to use a system that can leverage this condition.
I would be looking to line up at a session open... with the event of breaking the high, bouncing double top or a fakeout of the high with a continuation down towards the areas i have marked. - so really 3 possible signals to enter - bounce, break or fake...
Intraday entry could be the open range breakout at a high energy time sat 9.30 to 11.30 on - perhaps in addition to some seasonal day of the week - - or price cycle range breakout - 1 or more congested days.... for example some other fundamental timing or release etc... I will demonstrate this technique on an intra-day chart
I have also been assisted here by the MTAutoFib to show me likely retracement levels as well as extension...
In addition the MTHLevels - is set here to show peaks and trough levels of Support... and Resistance...
These indicators are available in Charts > Indicators > Market Place AddOns > MicroTrends
more details of the indicators can be found here: www.indicatorfactory.com
EUR/USD Channeling up to previous High, Resistance & Fib. levelBased On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum..
IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive for EUR and Negative for Dollar, this could be a fast move (1day).
Then ==> I will Buy EUR/USD, I may however buy it at a slightly higher price as the price action up has already strated, but it would be safer to wait till the price drops and then but, it could also not happen.
(IF EUR/USD will go up very slowly THEN i will take some profits of early)
IF Today's big economic calendar events goes in conflict with a move up THEN ==> i will close my position and possibly open it again if an opportunity presents itself.
Thoughts & Why's
UP SIDE
There is a clear channel that is going up and is likely to continue.
Stochastics RSI is Oversold at 11 (11.4)
Momentum is gaining
Strong structure (6-8 points)
US Dollar INDEX (DXY) look's like a sell along with USD/CHF ( ) so EUR/USD should go up as dollar weakens.
There is also a double bottom, which is also a medium sign that EUR/USD is going to go up in short term.
DOWN SIDE
1. Major Fibonacci Level 0.382
2. Structure (Confluence with Fib Level 0.382)
A major 0.382 Fibonacci level at 1.3689 that and structure right there as well.
When Fib Level 0.382 (EUR/USD=1.3689) a retracement will probably take place if Dollar index goes down.
IF you like my ideas and want to say thanks, please like&share them. As always thank you for viewing & till next time.