Chart is self explanatory. Breakout happened from the Cup and Handle Pattern but faces a resistance. Keep a stop loss based on your risk appetite. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the...
Simple Price Action analysis. Waiting for a breakout. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on...
This is a MONTHLY CHART - so patience is the key. Don't get disappointed in daily pullbacks. From the year 2000, there has been a resistance around 540. In 2018 there was an attempt to breakout but the RSI was already overbought and there was a bearish divergence due to which the stock didn't get the required steam to fly. However from April 2020, we have seen a...
A VCP on display. A breakout with volume and re-test done at the resistance turned support. All the ingredients for a good rally unless something really unfortunate happens. 28% available here with very low risk. RSI poised for a good momentum.
CMP 266 A 3 VCP has been formed and is trading at the resistance. It is also within the 'Ascending Triangle' . A GoldenCross is also being awaited soon. On the upside the potential of gains is good at 19.5% and 28% above the resistance of 330. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly...
It seems AUDJPY is very strong and i think we are going to break the highs to the 80.00 zone , at least a spike to that area. I think that as long as hourly candles aren't closing under 76.00 area then we are going higher. There is also a good pattern in smaller time frames if you will zoom in. best of luck :-)
Hi everyone. As long as weekly / daily bars do not close under the blue line , I believe monthly swing is valid and we may see higher prices . Anyway, even though it may be the swing low for the next months , do not trade against the trend in the smaller time frame. Best of luck :-)
GBPAUD coming off a strong push up from last week. . . I can see a correction/retracement into back to key zones of Interest before going up Wyckoff accumulation possible spring pushing up then possibly correcting into a "spring Range " for Reentry Buy opportunities . . . . Set alarms for key zones 1.795-1.79000 (half & Quarter LEvels alarms for buy in if price...
Oil keeps making higher lows inside a tight triangle and today made a significant false break at the lows. So I think it will go higher as long as hourly candles will not close below the support zone. Best of luck :-)
CHFJPY looks like it made a false break down + there is opportunity for a bigger up swing . I'm bullish as long as hourly candles close above 113.5 area . best of luck
Looking to buy XAUAUD near support zone . Staying bullish unless candles ( hourly) will close under zone A
Nice R:R on this potential bearish trade. More downside could be expected for OANDA:EURNZD as this is moving in the descending triangle.
Hi Traders, Hope you are doing good!! I am going to share with you the scalping opportunity. Less risk, high rewards based on your profile. You can trade as a normal strategy as well. Please put a tight stop loss of 5 pips after opening the position. Make sure price rejection wick is not more than 2 pips from open position. Target: 15 pips.
Would like to see the DXY pullback a bit before continuing to the upside. Looking to play AU and GA; will look for negative and positive inter-market correlations as confirmations at the same time respectively. Accumulation and Distribution smaller time frame fractal snipes will be my plays.
Hi Traders! The market is in a downtrend. As you can see the market is in a descending triangle. That means, that the market is making lower highs, but no lower lows. The effect of this pattern is this: The sellers keep selling at the trendline. The buyers are buying at the support, but they're making lower and lower profit. What does that mean? There...
EURCAD has hit a wall at a strong resistance level (purple rectangle) for the past 3 weeks. There is a bearish divergence on both MACD and RSI, as outlined by the solid black lines. Consolidation triangle forming, as shown by solid orange lines. Buy volume is also decreasing, outlined by solid blue line. Potentially a low risk, high reward setup taking...
Plant Health Care (PHC) has a rather tasty reversal pattern, this is a bio-agri research chemical company that is in patent acquirement and transitioning out of R&D into profitability. Stage 1 is the corrective part of the analysis, the highest levels of correction are up to 13p - upon price breaking into stage 2, four profit levels exist, three shown on the...
I don’t believe OILU will stay at the $14 level for very long and conservatively speaking I’d say a 50% swing higher is likely. Depending on your strategy, you could cap your loss at 2% or whatever your risk tolerance is and then go in full on a breakout. Personally, I’d buy half or a third now and hold. If prices fall, potentially up to 7% or so, I’d accumulate...