NSE:BANKBARODA is facing Resistance at 118-119 level . Hourly charts showing Divergence with RSI & MACD . We can expect a correction to the Weekly Support Line at 108-110 . From there the Stock will see an upward journey .
EURUSD SHORT NOT COMPLETED YET?
EURO has been in a strong downtrend since FEB,18.
Apparently it might be in making of 5 wave structure.
If that's the case then 4 waves are completed and now heading down again for 5th wave.
5th wave of the daily structure is in also making of 5 wave but in that case 4th wave might completed now and now on it is going to complete...
Price has been in a very good downtrend but price can't go forever in a single direction it has to get the volatility to again proceed in the original direction.
I've been looking for a short term long in this pair and this might be the time for that buy..
We can observe that the lower low made is not supported by the indicators thus forming the divergence and showing the strength. It is formed Morning Star Candlestick reversal pattern which is reasonably reliable so one can buy the stock at current level by providing the appropriate SL. We can expect the target of 1815 which offers a good Risk to Reward trade....
Conditions looks set for an Ethereum take off. Low Stochastic RSI (21), negative divergence on lows and highs in the MACD indicating, and the Aroon heading towards the up portion of its oscillation. Touches of the upper trend line signify the pair is ready for a breakout. But as we know, in this hyper-volatile cryptocurrency market, one can never be too sure of anything.
Free stuff -- something which we ignore in haste. Unfortunately, whatever education I have been doling out is absolutely free. So please bear with me.
Only Long trades when price > 55 EMA
Only short trades when price < 55 EMA...
USDINR face fine support within (64.70-64.80) and a multiple time test of this range sees a clear divergence with the MACD indicator. On the higher time frames, momentum indicators too have created a divergences which suggest that the Dollar will try to appreciate from current prices. However we should wait for a confirmed break above 64.90 for further upsides...
READ CAREFULLY TO LEARN AND EARN
Strategy backtested below for two years from 12/2/2014 to 12/2/2016
Only Long tardes when 55 EMA is above 200 EMA
Only short trades when 55<200 EMA
Time Frame 1H
Long Entry Preconditions:
Price above 55 EMA
Positive Divergence seen on MACD signal line (for High probability Entries)
MACD histogram above zero...