NSE: CUB 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 12% gain on deployed...
Recently, the GBPUSD has been obviously bullish, marked by higher highs and higher lows in the daily time frame. The last few days has given us a descent pullback to the confluence of June 5 trendline and the market structure (previous high). GBPUSD found support at this confluence point bouncing off to print a bullish engulfing candlestick on daily time...
Mid-Channel support and 50 hours EMA on Hourly Parallel channel is Broken and now the next support for Nifty is only near 19633. Other supports for Nifty are near 19572 and 19516. 200 EMA which will be like major support for the existing rally is near 19289. Below 19289 the Rally may fizzle out and bears will strive to take control. Resistances on the upper side...
On the above two Weekly chart price action has corrected almost 90% since June 2020. A number of reasons now exist to be bullish , including: 1) A strong buy signal prints (not shown). 2) Regular bullish divergence . Multiple oscillators printing divergence. 3) Price action confirms support on past resistance. 4) Falling wedge breakout + backtest. Is it possible...
A strong Trendline and resistance confluence... Am looking for some downside action.... Manage your risk well guys.. Like... Subscribe...
price has been moving upward for several days now, and it's the last days of this week .. also by looking at DXY, it did test the support zone, and now it's moving upward (by the time I'm writing ) So USD pairs will go down somehow (Dollar gets strong) price needs to correct itself .. we have a pin bar also retest .. so now you can open the short position and...
Expecting some bearish momentum for this week if the price action got rejected at previous daily inversion buyside imbalance sellside inefficiency of consequent encroachment which the price level around 0.62500 - 0.62600 , must aware of this week FED Decision and Press Conference , Be Safe and Good Luck !
Hey traders! 🐻📉 Are you ready for a retracement on the S&P in the 1-hour timeframe? Let's dive into this bearish setup! 📉📉 📈 Bearish Gartley: The price action on the S&P has formed a bearish Gartley pattern, with the price topping twice on point D. This reliable harmonic pattern signals trend reversal with a highly reliable consistency. 🕯️ Bearish Engulfing:...
GBPCHF is testing a strong horizontal resistance. Here are multiple bearish clues that I spotted after the test of the underlined area: the market was rejected heavily, forming a sequence of rejection candles, the price formed a head and shoulders pattern and broke its horizontal neckline, the pair violated a support line of an expanding wedge pattern. I...
Red selling zone and green buying zone level learning and education purpose only
Red selling zone and green buying zone level learning and education purpose only
↪️GBPUSD is hovering around 1.2850 resistance cluster. The pair remains under pressure and struggles to gain during the Asian session on Tuesday. I will be monitoring the pair for selling opportunity within the zone, once I receive a bearish confirmation the trade will be executed. Alternatively, a bullish breakout of the resistance level will be a strong...
NSE: ACC is closing with a bullish consolidation breakout 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 11% gain on...
EURJPY is trading in a long-term bullish trend. After the price reached a 158 level, the market retraced to a rising trend line. The market is approaching the highs again now. Bullish breakout of the underlined blue area and a daily candle close above that will be a strong trend-following signal. A bullish continuation will be expected to 160 level...
Previous candlestick pattern looks it will dump to around $130-140 range and pump from there.
GBPUSD has reached a major Confluence area of a Trendline aND a strong resistance. A pinbar has formed showing sellers getting active at the confluence area. We also have a bearish divergence on the TDI indicator... Like and subscribe... Else I'll take ur stoploss
📈 Big Picture Trend: UT ⚠️ CounterTrend: NO ✍️ Strategy: INTRADAY BSO @ 0.6745 ⏳ -SL @ 0.6732 🚫 (aggressive) Choose your TP based on your trading strategy: ATR = Average True Range Scalping 10-20 pips Intraday 20-40 pips Swing 40-80 pips Position 80-120 pips
Monthy overall bearish trend but nice wick showing bullish reversal potential. A closer look at the weekly shows that last week we had a bullish weekly close. We were expecting a pull back atleast to the 38.20 level of the fib on the previous weeks' candle and then price respecting the level which it has done as we can we that we had a bullish previous day close....