Alee_Kolachi

Alee_Kolachi

Double Top Pattern along with strong resistance formed at the top. Entry: 1.07586 Stop Loss: 1.07918 TP1: 1.0725 TP2: 1.0692

Alee_Kolachi Updated 

Bearish Divergence will most probably reverse the trend as it suggests the momentum of bulls is getting low

Alee_Kolachi Updated 

Bearish Divergence shows the momentum of Bulls is getting low and a possible downward trend is expected. Bearish Divergence plus an AB=CD pattern formation will reverse the trend. I have taken two trades of 0.5% each. In this case, if I lose, I'll lose 1% max and if both trades TPs are hit, I'll make 1.5% so the overall reward is higher while at the same time...

Alee_Kolachi

Bullish Divergence plus retracement from the 61% FIB level, the chances are that the price will go up if it breaks the previous lower high and then continue to go up.

Alee_Kolachi

GBPCHF has formed a head and shoulders pattern with a bearish divergence. This shows that the trend may reverse and GBPCHF may go bearish now. I was to place the sell stop order but it has already triggered so we will place instant sell.

Alee_Kolachi Updated 

As per the DOW Theory, we will sell at the break of the previous lower low and then set the stop loss and take profit accordingly.

Alee_Kolachi

NZDJPY is forming a double bottom reversal pattern with a bullish divergence which shows that there are chances that the price may go up when it breaks the previous lower high. We'll put the buy stop at the point with proper stop loss and take profit.

Alee_Kolachi Updated 

Sell EURCHF after the reversal of AB=CD Pattern and the breakout of Rising Wedge. We'll sell at 0.9537 with Stop loss as 0.95374 and TP1 and TP2 accordingly. I'll take 0.5% risk of my portfolio.

Alee_Kolachi

Rising Wedge + Bearish Divergence Price has probability to go down.

Alee_Kolachi Updated 

Following Dow Theory, selling at the 50% retracement

Alee_Kolachi

There's a bearish divergence in 1H, I believe in 4H too but yeah there was bearish divergence in daily timeframe too, The sell stop will be triggered when support 1 and support 2 are broken. Stop loss is kept far away as no one wants to hit their stop loss :D

Alee_Kolachi Updated 

We'll put the buy stop as there is bullish divergence and the double bottom which means the price didn't break the previous lower low and may reverse now. It also forms the AB=CD pattern which suggests the D point as reversal zone. Entry: 2.04760 SL: 2.03709 Take Profit; 2.0581

Alee_Kolachi Updated 

AUDNZD forms an inverse head and shoulder plus a bullish divergence, this suggests that the chances are the trend may reverse and form new higher highs and higher lows. Take buy-stop entry which is safer than the instant buy. We still need confirmation that the neckline of the inverse head and shoulder is broken. Buy Stop: 1.06134 Stop Loss: 1.05865 Take Profit: 1.06406

Alee_Kolachi

Instant purchased AUDCHF as it is retracing from 50% of the FIB retracement and will make the new Higher high.

Alee_Kolachi

If the previous Higher low is broken, the chances are, the price may go down. There is also resistance at the current price. If the sell-stop order does not hit and the price goes high, we will still look for the sell trade after the next higher high. XAUUSD - Sell Stop Entry: 2022.40 Stop loss: 2032.71 Take profit: 2011.98

Alee_Kolachi

Put the sell-stop order if the previous Higher Low is broken. The AB=CD pattern is completed and there is the possibility of reversal because, at the end of the D point of the AB=CD pattern, there is a potential reversal zone.

Alee_Kolachi Updated 

The indices of ZXY and DXY shows that the NZDUSD is bullish, it will form a new lower high, we will buy on that lower high and then stop loss will be previous lower loss with 1:1 take profit.

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Alee_Kolachi

Here is a complete analysis of the Gold for a complete year. It forms supports, resistances, respects trendlines, divergences, and fib series. This analysis helped me understand how gold can behave in the future for a one-hour timeframe. Please note different timeframes will have different analyses. A variety of patterns are included such as Head and Shoulder,...