Civeo Broken SupportCiveo has broken support, MACD shows a sell signal, DMI shows downtrend. Short until DMI shows slowdown of trend.
Moving Average Convergence / Divergence (MACD)
Erickson Inc SwingErickson Inc set up for a swing trade. Reasons shown on the chart, but several other reasons are also the RSI is gaining strength, CCI has moved up over 0, and MACD is showing a buy signal.
EnteroMedics Swing Chart 2Looking like a solid swing trade, reasons shown on the chart, along with another chart with supporting reasons linked to this one.
EUR USD LONGEUR USD Long
Break of the 50 EMA, bounce of the pivot point, stron bullish engulfing.
MACD crossing over the 0 line
Trade with care - upcoming brexit likely to play a strong part in the volatility on this pair
TP1 at R2 and TP2 below R3 but still requiring price to make a higher high.
0.5% on each TP
1:2 risk reward
LOOKING FOR PA ON THAT LEVEL MY VIEW:
STRONG SUPPLY LEVEL
HH, HL TREND CONTINUATION FORMTION
0.618 FIB % RETRACEMENT
DAILY CHANNEL
STRONG MACD DIVERGENCE
RSI ON OVERBOUGHT SIDE
AUD/USD - TIDY HIGHTEST ON STRONG RESISTANCEI love a nice long hightest like this esepcially after clsoing below its open. Really nice all around. Looking for a quick 2:1 on this one.
- Hightest candle on psychological resistance (0.7500)
- Double top pattern
- Strong MACD divergence on 4hr
- With trend
NZDUSD Horizontal Channel Breakout Soon - Potential Short SetupNZDUSD is set up for a double top at this moment.
If the price crosses .71024 area, it will most likely begin a multi-day downtrend if it can break through the support levels around .69231.
If price is able to stay within the channel and eventually cross over .71293 resistance level, NZDUSD may remain in uptrend mode.
I am going short if:
- price crosses down over .70982
- 3HR and 4HR MACD line crosses the signal line
Exit price range I am aiming for is in the .698's
EUR/GBP - WILL UK STAY OR LEAVE?I am staying well out of any trades this week as i am expecting the market to be extremely volatile with the anticipation of the EU referendum. However this is just an idea that it appears traders are taking the position that they expect the UK to stay in the EU as the Euro declines as the GBP grows in strength. Stochastic/MACD/RSI all show a strong correlation that the Euro is declining in value and strength against the pound in anticipation for the EU referendum. Will wait and see how this all plans out on the 23rd June.
PRICE ACTION / TREND FOLLOWING VOLUME #7PRICE ACTION TRADING.
STEP THIRTEEN
Find a supply and demand zone.
STEP FOURTEEN
Find a PINBAR at demand or supply zone.
STEP FIFTEEN
Add RSI 7 Close on your chart, and check if it is above or below 70,30 zone. ( Overbought or Oversold )
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
SEE YOU AT NEXT VOLUME !!
PRICE ACTION / TREND FOLLOWING VOLUME #8PRICE ACTION TRADING.
STEP SIXTEEN
Find a supply and demand zone.
STEP SEVENTEEN
Find a PINBAR at demand or supply zone.
STEP EIGHTEEN
Add RSI 7 Close on your chart, and check if it is above or below 70,30 zone. ( Overbought or Oversold )
STEP NINETEEN
Check for round numbers 1000,1100,1200,1300,1400,1500
STEP TWENTY
Check the MACD indicator divergence.
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
SEE YOU AT NEXT VOLUME !!
-NEW SIGNAL-
Type : Pending Order
Date : 16.6.2016
Time : 23:10 GMT+1
Technical : Daily pinbar on strong resistance/ supply zone with atr about 400 pips. Macd strong divergence. Rsi get a momentum. H1 strong uptrend trend line broken. Pinbar on RN- round number 1300.
Pair : XAUUSD
Timeframe : DAILY
Trade setup : SHORT
Entry at : 1275.75
Take profit 1 : 1.200 ( 760 pips )
Take profit 2 : /
Take profit 3 : /
Stop loss : 1317.52 ( 400 pips )
Risk reward :
TP1 – 1.9:1
Our risk :
- Deep retrace entry on a PA bar = 1.5% risk
SHORT AUD/USDHigh test of .7500 being rejected, bearish momentum away, another high test on the previous 4HR candle.
Looking at the FIB retracement down to 0.618 - although price still has S1 and S2 pivot point to break through.
the MACD is breaking below the 0 line and RSI shows room to sell down coming off the recent over buying.
Got some news coming up to trade through - but if positive for the US should help push the trade in our favour.
1:2 Risk/ Reward.
CAD/JPY - Short Opportunity?This pair is looking bearish after a second retest of support. Will watch to see if a breakout occurs. Will enter trade at around 81.750 and look for first TP of around 80.500. Confirmation from MACD and Stochastics are showing bearish signs too.
The US30 break down break downSo after yesterday's pullback from the highs, I believe it has a long way to go yet before we see some price stability.
Here are a my reasons.
1. MACD showing crossover.
2. Close below upward trending line.
3. Extremely low volatility which may lead to spike in volatility as price picks up rocks on its roll down.
5. Not oversold.
6. Price bounding off contuously from Moving average Low 50.. A break below this and the price movement will start to pick up pace.
If you are long here, I'd be considering closing positions as brexit worries continue to increase.
GBPAUD LONG??PROS
- Low test candle formation.
- Rejection of both horizontal support and a downward sloping trendline.
- Price sat between 0.5 & 0.618 Fib retracement.
- Bullish MACD Divergence
- Oversold on Stoch RSI
CONS
- Trading against the trend.
- Trading towards key EMA's.
Thoughts on this position?
BTC correction soonBTC correction is well overdue. Right when everyone is thinking BTC is going straight to 1000 and every pullback is bough is when the correction will start. Here are a few things to watch for:
1. Volume on the last pullback was big
2. MACD is crossing down
3. RSI negative divergence
4. Look for a lower high and then a lower low for confirmation
USDWTI SHORTExpecting some profit taking from the USDWTI longs in the coming days, who entered in the support zone near the double top (RED LINE). Looking for sellers to come in at the 78.6% Fibonacci level which is also being met by the WEEKLY 50 MA and both are within a DAILY resistance area. Price is currently trying to break and close above the DAILY 200 MA (GREEN LINE), it could also be worth noting that there is potential for divergence with the MACD and perhaps more importantly the RSI is nearing overbought levels for the first time in over 5 years on the WEEKLY timeframe.
20160530 watching USOIL for short positions 240Actually bearish divergence in formation with MACD
Also price near pitchfork ML, watching for crossing down
In combination with trending line in red see callout on chart
Short under 49.27 cautious if over
Stop loss over 50.18
Long over 50.91
Actual target 46.75
20160531 Watching XAUUSD for long position 240Actually regular bullish divergence on MACD
Watching price crossing red trending line
Long if crossing upwards in green area
Cautious if going in red area
Primary bullish target 1217.50
Keeping an eye on 1243.60 take some profits there
Stop loss 1199.55
EUR/USD Approaching Important Area- EUR/USD has been contained in a multi-month channel, and is now approaching the bottom of the channel
- There is divergence on the RSI where PA is making lower highs/lower lows and RSI is making higher highs/higher lows
- There is also divergence on the MACD, where PA is making lower lows while the MACD higher lows
- Bullish MACD crossover
These factors give a short term bullish bias if the bottom of the channel holds. This will be the 3rd touch of the trendline, so it is important that it holds for this idea to be valid.
It is also very important to consider the upcoming FOMC meetings/potential rate hike that could be coming in June/July that could totally change the outlook for this pair.
Any feedback is appreciated!
