I used to be indecisive but now I'm not so sure...
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DislikedEURCHF sent a signal. The pair is retracing after reaching an important support/resistance visible on the weekly chart. On the daily the pair is back from overbought territory with a bearish divergence on RSI. {image} {image}Ignored
Disliked{quote} After the signal was confirmed on the daily, the weekly looks a bit like EURCHF and it will be interesting if the pin bar breaking Bollinger upper band is confirmed after the weekly close. {image}Ignored
DislikedSP500 sent a signal with big bearish engulfing candlestick covering last 4 sessions and with an interesting divergence on MACD and RSI. {image}Ignored
Disliked{quote} G'day, I have read most of the pages but either missed or the SMA 5 setting are missing. Could anyone help? thanks.Ignored
Disliked{quote} We should always feel free to explore other indicators in search for a better perception of markets. If I use this system mainly to screen potential signals I like to check what Ichimoku Kinko Hyo has to say. And for USDCHF all timeframes point to bearish continuation. Nevertheless FOMC should incite to patient prudence. {image} {image} {image} {image}Ignored
Disliked{quote} I would have preferred price action to close below the Bollinger middle band in confluence with 38.2 Fibonacci retracement and below Tenkan-sen on Ichimoku where the Lagging span was unable to cross below past candlesticks. Long wick coupled with RSI remaining above 50 and lack of bearish crossover on MACD are neither really engaging. We’ll see. {image} {image}Ignored
DislikedBearish continuation likely for GBPUSD. The pair just re-tested support/resistance line after breakout in reaction to contact with long term bullish trend line matching the weekly Bollinger middle band. {image} {image}Ignored
Disliked{quote} So USDCHF finally made it’s way to 0.9390 supported by the 10Y Treasury yield. Important to note that this level represents a major support/resistance at 50% retracement from the bearish trend seen between June 2010 and August 2011 which matches on Ichimoku monthly the extension of the SSB level between August 2015 and October 2016. Bollinger middle band stands just above adding more resistance and neither RSI nor MACD are in bullish territory. So bullish continuation appears quite uncertain. Now looking at the daily chart we have two important...Ignored
Disliked{quote} So USDCHF finally made it’s way to 0.9390 supported by the 10Y Treasury yield. Important to note that this level represents a major support/resistance at 50% retracement from the bearish trend seen between June 2010 and August 2011 which matches on Ichimoku monthly the extension of the SSB level between August 2015 and October 2016. Bollinger middle band stands just above adding more resistance and neither RSI nor MACD are in bullish territory. So bullish continuation appears quite uncertain. Now looking at the daily chart we have two important...Ignored
DislikedBearish continuation likely for GBPUSD. The pair just re-tested support/resistance line after breakout in reaction to contact with long term bullish trend line matching the weekly Bollinger middle band. {image} {image}Ignored