Even though USDCHF is very bearish, I see multiple bullish clues. After a strong bearish impulse, the price made a false breakout of a falling trend line. Quite often it signifies strong exhaustion of sellers. Moreover, the pair also formed a double bottom pattern, the price violated its neckline with a high momentum bullish candle. I believe that the market...
Based on the smart money concepts, I guess the mentioned zone could be a good zone for buying.
Looking back in time, we see that INP favours week 22 as point to make a high price before downtrend begins, the past week marked week 22 with a shooting star candle. On the daily time frame, price is seeking to make a cycle low after which a bounce will attempt to take out recent highs. The swing high that forms after this instance is a low risk short entry on...
🔰 Pair Name : XTIUSD 🔰 Time Frame : 4hrs/ Daily 🔰 Scale Type : Long Scale 🔰 Direction : Long/ BUY In light of recent market developments, a noteworthy occurrence took place last Friday with the formation of a Daily Bullish Pin Bar. This event coincided with the release of significant news pertaining to a Russia Munity over the weekend. Both fundamental and...
Hi Traders! There is a potential Evening Star pattern forming on the EURUSD 1D chart, which suggests to us that the bullish momentum over the past week is possibly slowing down. We have highlighted on the chart the doji candle that formed this past Friday, which is a warning sign that the momentum has run out of steam and bulls might start profit-taking on their...
Finally swept the liquidity and mitigated a demand zone. Am now taking a risk entry long but will look for a confirmed entry also
Notice price has not yet closed above this fractal supply. I am not interested until the price makes some more structure, however if the lows are taken and then we have a change of character, I would be long.
The 1.17% negative fall in stock market today courtesy weak guidance for 2024 by Infosys set the cat amongst the pigeons and profit booking in major sectoral indices lead by IT started. Capital goods and PSUs index were trying to provide some support and respite to the Nifty. On weekly chart the zone between 18887 and 50 weeks EMA which is at 18000 looks like...
Last day of this week, expect something to happen.Price Action shows some bullish movement but not with lots of momentum, BTC will prolly follow NY market today like yesterday. Thanks for watching
NSE: GAIL is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed...
Gold Seasonally gold tend to have a bit of a rally towards the last week of July Daily is very interesting because its showing bullish swing structure however it has bearish internal structure recently showing bullish momentum in line with the higher timeframe like the weekly and monthly. We have now traded above the weekly inside range and closed above, we...
Cable Interesting price action this week, huge push to the upside. Inflation data for UK in and investors already priced in a hike in rates again. Daily bullish H4 bearish M15 bearish, bullish change of character could this signal a Friday relief rally is in store.
This analysis explores potential short trade opportunities in the highly volatile Bitcoin market. Traders are attracted to Bitcoin's price fluctuations, but caution is essential due to the inherent risks in cryptocurrency markets. Over the past month, Bitcoin's price fluctuated between $29,700 and $31,200. The weekly chart indicates a potential bearish crossover,...
The analysis presents a perfect understanding of the market's need for liquidity to react. As the market's necessity becomes increasingly evident, professional traders must pay close attention to this criterion. In the previous analysis: "This is an extremely dangerous Bitcoin #4" The market demonstrated a magnificent execution of liquidity capture while...
I normally wouldn't trade this instrument, but as I was watching a trading program they had mentioned and shown this chart as a potential sell setup. I decided to pull the chart up and analyze it and before you know it, I was planning my short position. Initially, resistance had been initiated by a shooting star candle on March 7 of this year and then was tested...
DXY is moving in a 🟢 heavy support zone($99.80-$99.44) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡. In terms of Elliott wave theory, I expect the end of wave 3 to be complete at the PRZ, so we should look for bullish reversal patterns. As a result, one of the patterns you can see in the 4-hour time frame is the Bullish Engulfing Candlestick Pattern . 🔔I expect the DXY...
Nifty just missed our Target of 20002 by just about 10 points. RSI is indicating that the Nifty has entered the overbought zone and a small or medium sized correction is due. however the fibonacci levels applied to Nifty Indicate a medium term target of Nifty near 20126. To reach there Nifty has to cross the major hurdle at 20002. Incase Nifty respects the...
Following a massive 2200% rally and multiple overbought conditions (green columns), the above 10-day chart is now indicating a ‘great sell’ opportunity. Why now? 1) On the above 10-day chart RSI breaks through support. (highlighted in blue). 2) The 2-month chart (below) printed a new candle with the close of February. A gravestone DOJI candle was printed...