long now short lateruse of patterns, downtrend channel and indicators ( especially macd 15-50) show the return of an uptrend movement. the support ( black line) was tested and in my opinion now we have to buy
Moving Average Convergence / Divergence (MACD)
JPY losing steam, EUR getting strongerHey traders, here is the setup I am watching this week. After watching the JPY surge, and now seeing the EUR start to gain some momentum, I decided to put these two currencies together to see what happens this week. As you can see, we have some divergence in the MACD, as well as a higher-high and higher-low, which is great confirmation that price may go higher, combined with the strong versus weak analysis. I'll be placing my stop at 119.5, and my take profit at 122.0, a nice key level that price has hit recently without any trouble. This trade gives me a nice 2.6 to 1 reward to risk ratio. As always, plan your trades and trade your plan!
EURGBP bouncing back up?Hey traders, looking at the strong vs weak analysis for the week, looks like EUR is gaining momentum against GBP. As you can see here, a nice trend line has form, looking to bounce back up. I will place my stop loss at 0.861, and my take profit at 0.877, which is where you can see price touched last week without any issue.
JPY losing strength, NZD gainingHey traders, looking at the NZD and JPY as individual currencies and matching the strong vs the weak, NZD has been increasing while JPY is falling after the huge surge last week. When pairing these two together, you can see divergence in the MACD and a nice channel forming. Who wants to bet the channel will be broken to the upside? If it were me, I would be waiting for a close above the trendline and wait a little bit to see what happens. If the trade goes in our direction, we have a long way to go until exiting, possibly seeing it go back up to 80.0.
AUDNZD Divergence, possible trendline breakHere is a setup I will be looking at tomorrow morning to see what happened here. Looking to enter the trade if the trendline is broken, confirming the divergence that we see on the MACD indicator. Placing stop loss above the recent high at 1.105. Moving the trade to break even at 1.088, giving us a free trade from there. Looking to exit the position and take profits at 1.075. This is only if the trendline is broken, otherwise we will wait for further confirmation later in the week, maybe even next week. I believe this is going to fall eventually, even though it might not happen right away. As always, plan your trades and TRADE YOUR PLAN!
EURNZD H4 double top, MACD divergenceLooking at this trade setup for the week, have a double top and divergence on the MACD indicator. EUR has been losing strength recently, while NZD is gaining in strength, which makes sense to pair these two up together this week. I always give my stop loss a little room to breathe, so I will be placing my stops at the 1.55 key level. Once price drops down to 1.51, I will move my position to break even, giving me a "free trade" on this pair. I will set my take profit at 1.48, which is when I will exit the position completely and wait for another setup to form. As always, plan your trades and trade YOUR plan!
NZDJPY MACD Divergence, triple bottomHey traders, here's another setup I will be watching this week. I will wait until tomorrow morning to see how this plays out, just to make sure price isn't going to break down any further. We have divergence on the MACD indicator, as well as a triple bottom. I could definitely see price breaking down lower, but I am going to assume that price will take the path of least resistance, which would be going up to the levels that it has been the last few weeks. As with most of my trades, I give price plenty of room to breathe, placing my stoploss far enough away in case price wants to continue to text those support levels. Once price reaches the halfway point at 80.0, move the stoploss to break even. Looking to take profits and exit position completely at 81.0, though you can probably ride it all the way up to 81.5 or 82.0.
Pound strength increasing vs EuroHey traders, here's a trade I am thinking about entering this week. The pound is increasing in strength, while the Euro is weakening. I will wait for a pullback to the 20 SMA, and then enter the trade as seen here. Remember, plan your trades and trade YOUR plan.
Comcast Approaching Wave 4 on Minor Period for a wave 5 LONGComcast Corp New seems to be approaching the completion of a Wave 4 on the Minor period before continuing upwards for a Wave 5 to the upper structured trendline. Stochastic seems to be approaching overbought position whilst RSI seems to indicate downwards movement to oversold position, as well as MACD suggests continued downwards movement for a confirmation of wave 4 on minor period. Structure suggests that we have already broken out of wave 3 Minor (confirmed) and needs to complete wave 4 before starting wave 5, which should be a great trade. Once price action reaches the top structured trendline, we can take a massive SHORT to trade the correction/consolidation of the chart for some really great profits ! My gut feeling is that this stock will drop substantially, possibly below the lower trendline but we shall wait for now to see which way investors view the continuous dubious practices which have landed Comcast the largest ever FCC cable fine ($2.3 Million) which suggests upper management panic due to possible poor subscriber numbers, together with CNN's continuous engagement into fake news announcements and leftist rhetoric and poorly executed journalism, resulting in very low viewer audience which may possibly affect investor confidence over the next year.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
----------------------------------------------------------------------------------------------------------------------------------------------------------
GBPUSD Short 4h ChartThis pair is currently testing a strong resistance, which lines up nicely with fibonacci 61.8. The pair is also overbought (RSI 14).
My stoploss is at 1.248, which is above the channel and above the fibonacci 76.4, giving the pair room to move, but will close out in time if the marked move too much. Will move SL when the pair has crossed below fibonacci 50.
Take profit will be at 1.211, which is at the previous buttom.
Risk/Reward at 3.4.
/CL long 1:2+ Risk/Reward on 1H CHART ($300 risk / $600+ reward)When you see that kind of pattern where a big candle hits a support zone and multiple candles test it without success, it's wise go against it. MACD has started turning. There's a good possibility that the market will go beyong the 49,50~ price, you'd have to determine how strong the market is at that point.
Potential Short Play : Exelixis Inc Exelixis has come to a stop after many months of upward movement, it is now consolidating around 52 week highs, and I am looking for a short opportunity on a large pullback.
Reasons:
- Class A bearish divergence on the weekly & daily chart (RSI, MACDL) + Acc/Dis (Daily only)
- Accumulation/Distribution line has dropped below the 9EMA on the daily chart. The past
two times this occurred the stock had a +10% pullback to the 20EMA
- Overbought on the RSI, and has crossed below the 70 line after being above it for a significant
amount of time. The past two times this occurred the stock also had a +10% pullback to the
20EMA
Going short with a break of the ascending trend line, with a price target around $19.30 or the 20EMA.
Watch the key levelsKeep an eye on the key levels and act accordingly, looks like price is really trying to push through to 1.35, think it will fall soon
Divergence, double bottomDivergence and double bottom on GBPUSD... don't enter yet, wait for price to reach the limit with a higher high and higher low.
Sell EURUSDThe bearish tread still stay true. However it is significantly weaker due to political uncertainty.
We will sell at 1.06350
SL : 1.06905 with TP at 1.05513 +- 10 points
Hexaware: Downward Channel Breakout1.Trading above All Importance Moving avg.
2.Two year Downward Channel Breakout
3. Stock Just Bounced From weekly 200 MAVG.
4.Company is virtually debt free.
5.Stock is providing a good dividend yield of 3.88%.
6. Company has a good return on equity (ROE) track record: 3 Years ROE 28.78%
7. Company has been maintaining a healthy dividend payout of 80.37%
Watch Near 217/207 For Tgt 270/340+ (6/8 Month) With Stoploss below 187
30 Min $ICLD Chart Going into next week expecting massive volumeVolume before action so they say, and it is very apparent by $ICLD's techs that this thing is more than ready to do damage to a long ago bearish chart. All techs are bullish or becoming bullish. Breaking above the cloud establishing support about the bollis and flipping the PARSAR in addition to the MACD crossover we have a winner here folks. Price Target for 1-2 weeks .10
$ONCI Triple spprt from when it last broke out Squeezing Bollis$ONCI has hit and moved from a support line from where it last broke out. Also notice the squeezing bollis, PARSAR flip and MACD crossover. News anticipated next few weeks.
gbpjpy shortsorry for being late guys
good divergence triangle break pattern with supply zone confluences with Fibonacci levels.,,,,
Watching the key level on the daily chart...Tons of momentum to the upside recently, looks like price is trying to break the key level downwards. If it does break that level, I expect it to fall hard. Thoughts?
GDX bullish days are overOver the past years, the GDX bounced on the 200 MA pretty hard, and it acted as a strong level of resistance or support. It just happened again. Even if gold was rising in a pretty strong way in the last couple of days, the GDX was still unable to go up. That means the bounce is really strong.
Oclr EBITDA has doubled since OctDespite bearish price activity, fundamentals should drive OCLR up long term (1yr)
