Table of Contents IntroductionGeneral What Are Overbought/Oversold Zones in terms of the Process DynamicsOn Accuracy in Detecting the Overbought/Oversold ZonesConsequences of Entering the Market When in the Overbought/Oversold ZoneEvaluating Losses Related to the Risk of Opening a Position in Overbought/Oversold ZonesConsequences of Exiting the Market When in the Overbought/Oversold Zone Pros and Contras of Using Conventional Indicators to Detect Overbought/Oversold Zones ...
Daily price broke one of the 'reversal' Senkou Span line of Ichimoku indicator together with trendline to above: the price broke this line to be located inside Ichimoku cloud in the bearish ranging area of the chart waiting for the direction. Absolute Strength indicator is estimating the trend to be on ranging waiting for breakout/breakdown, and Trend Strength inticator is evaluating the future possible trend as the possible daily bullish reversal. If D1 price breaks 1.1045 support ...
H4 price is located near and below 200 period SMA (200 SMA) for the bearish condition with the ranging within the following key reversal support/resistance levels: 10-day high at 1.3143 located far above 200 SMA in the primary bullish area of the chart, and10-day low at 1.2654 located near and below 100 SMA/200 SMA in the beginning of the bearish area. If the price will break 1.3143 resistance level on close H4 bar so ...
Daily price is on secondary correction within the primary bullish market condition: price was bounced from 1.4611 resistance level to below with 1.3816 possible target for the reversal of the price movement to the primary bearish market condition. If D1 price will break 1.3816 support level on close bar so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started. If D1 price will break 1.4611 resistance level on close ...
AUD/CAD: possible bullish breakout. Intra-day price is breaking Ichimoku cloud to above for the reversal of the price movement from the primary bearish to the primary bullish market condition with 0.9958 key reversal resistance level. Chinkou Span line is located near and below the price to be ready for the breakout, and Absolute Strength indicator is estimating the future trend as the ranging bullish. There are the following news events ...
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