Are you amazed how the market paused and reversed at the dotted line I've drawn? Trading isn't hard, you just have to find the right mentor to guide you and achieve the common goal, to profit from the market.
Check out the link at the bottom and witness how the market pause and reverses at the dotted line.
Good day!
This is an unusual highlight, but I am so excited, and you would read on to find out why...
Previously outlined, on 3 August, I played the devil's advocate and looked at a counter trend scenario. In this scenario, the SPY was still below the weekly 55EMA, and could fail to break above, then break down much further. Thing is, the weekly SPY chart is...
Yesterday, EURUSD went up to the previous high and it tested it.
Today we expect to see another test and possibly a breakout.
In case of a breakout, the next target will be 1,0423.
Recommended stops are below the test from yesterday - 1,0270
A potential head and shoulders setup that could provide more than just the regular target taking.
I'm waiting patiently for the market to dive another 20pips more, and I will observe how the market interacts on the dotted line.
The Bullish Deep Crab Pattern on the Daily Chart might not form up, and even if it did, it might not be ideal. However, if you have long based on the counter-trend trade on the Bearish Parallel Channel, congratulation is in place.(check out last week's chart at the bottom of the tradingview link).
Alternatively, you can wait for the Bearish Shark Pattern on the...
After, over 500 days of a series of lower highs and lower lows, Silver has printed a text book dragonfly doji on the 1 month chart.
This is a Bullish reversal candle when found at the bottom of a down trend but there are a few rules to a Dragonfly Doji:
✅ The candle closes & opens at or damn near the same price. Preferably at the exact same level, but it’s not...
After the news yesterday we saw a sharp upside momentum on EURUSD.
Now we are not trading in the range anymore and it looks like the level of 1,0279 will act as support.
If price rejects that level we could expect another push up toward 1,0423.
Also, if price is about to move higher we want to see a breakout of the previous high in order to confirm that there...
Although, EURUSD isn't giving us any new highs or lows, today we may actually have a trade.
There are some USD news coming out (Consumer Price Index ex Food & Energy) that could affect price action.
If we see price rejecting the resistance again, then we can look for short trades with first targets at 1,0121.
We're still expecting the next move on EURUSD.
The sideways trading is still on and we can actually see price now creating lower highs and higher lows.
We won't enter before we have a clear direction.
There is still a higher chance to see price breaking below the support.
The earlies entry could be made on rejection of the resistance, so watch out for that.
EURUSD with another drop yesterday.
Right now this move looks weak and we saw fairly big pullback.
To see a continuation lower, it's very important for the EUR not to break above 1,0210.
Confirmation would be a breakout of the previous low and another impulse down.
Trading right now from current price levels isn't a good idea!
A Bullish Bat Pattern has formed on the CADJPY 4-hourly chart. I'm waiting for the market to check-back at 103.85 before engaging the trade.
Aggressive trader could decide for yourself if this setup is for you.
NSE:RELAXO
Relaxo Footwears has been into a tight consolidation zone since the past few weeks, with quarterly results
Last Quater due to weak results the stock had shipped down 10%, however, it came back to it original price gradually, the current consolidation happening in the stock is forming an ascending triangle pattern (which is considered as a bullish...
When it comes to the Daily Chart, EURUSD is still on a Bearish Trend, however, on both the 4-hourly and 1hourly chart, EURUSD is on a Bullish trend.
A Bullish Bat Pattern is completing at 1.0221, which is great for intra-day trader. That said, I will still wait for candlestick pattern confirmation as Point C touches Point A.
Had to mark up a candlestick pattern...a huge 4 HR one of a 1 HR chart. It would have been a huge profit for those that would have got into a sell. For FMI (Forex Mastery Institute Studies).
