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EURUSD Technical Analysis 2014

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mazen nafee
1948
mazen nafee 2014.07.25 17:35 

It is appears to be Divergence on RSI with period 14
With a month Support (2) at 1.34359

eurusdDivergence


 

It is appears to be Bullish Black Swan Pattern with a Divergence on Average Directional Movement Index with period 14 

With a month Support (2) at 1.34359

eurusdDivergence with Bullish Black Swan
Sergey Golubev
Moderator
55331
Sergey Golubev 2014.07.25 18:25  
Which indicators are you using and template? Can I have this indicators?
Sergey Golubev
Moderator
55331
Sergey Golubev 2014.07.25 18:31  

As to H4 timeframe so I see 2 developing/forming patterns for uptrend:

Retracement pattern:



Crab pattern:


Sergey Golubev
Moderator
55331
Sergey Golubev 2014.07.25 18:39  

About EURUSD H4 with Ichimoku:



As we see - it is primary bearish market condition and the price is trying to break 1.3426 support level for the bearish to be continuing. So, we have choice:

  • watch for the price for breaking 1.3426 support from above to below on close bar for possible sell trade (good for classical traders)
  • if not so we will have ranging market condition within primary bearish (foor for scalping and martingale systems)
mazen nafee
1948
mazen nafee 2014.07.25 23:44  

yes you can it is a zup indicator

but it is mql4 not mql5

Which indicators are you using and template with mql5

Sergey Golubev
Moderator
55331
Sergey Golubev 2014.07.26 09:47  

I am using indicators for MT5 (because our forum is related to MT5) - go here to download:

---------------

Market condition
  • the theory with examples (primary trend, secondary trend) - read staring from this post till this one
  • Summary about market condition theory is on this post 
  • Practical examples about every market condition case by indicators: starting from this page till this one
     
  • trendstrength_v2 indicator is here,
     
  • AbsoluteStrength indicator new version is here
Sergey Golubev
Moderator
55331
Sergey Golubev 2014.07.26 09:50  

It is better to use MT5 indicator and Metatrader 5. Because our forum is for MT5. And there is the other forum related for MT4. We are here for Metatrader 5 only.

mazen nafee
1948
mazen nafee 2014.07.26 10:52  
newdigital:

It is better to use MT5 indicator and Metatrader 5. Because our forum is for MT5. And there is the other forum related for MT4. We are here for Metatrader 5 only.

okay thank you very much
mazen nafee
1948
mazen nafee 2014.07.26 11:59  
newdigital:

As to H4 timeframe so I see 2 developing/forming patterns for uptrend:

Retracement pattern:



Crab pattern:


if you can send that indicator plz
Sergey Golubev
Moderator
55331
Sergey Golubev 2014.07.26 14:02  

This is not one indicator. This is HWAFM tool for Metatrader 5 (free tool). ZUP for MT4 is in competition with this HWAFM for Metatrader 5. This HWAFM is free but I am not an author of this tool. I can upload it here (on Monday sorry) with the explanation how to install if users are interesting

mazen nafee
1948
mazen nafee 2014.07.26 14:15  
newdigital:

This is not one indicator. This is HWAFM tool for Metatrader 5 (free tool). ZUP for MT4 is in competition with this HWAFM for Metatrader 5. This HWAFM is free but I am not an author of this tool. I can upload it here (on Monday sorry) with the explanation how to install if users are interesting

okay waiting for your upload and explanation
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