RBLBANK continue to consolidate on daily basis. if it close above 194 on daily basis, it could rally upto 226-230 which is also acting as 200 DMA. observe the price action at consolidation channel. it is continued to trade at higher level of the channel, indicating likely break upside.
This pair has been ranging for a while now and were at a good place and risk to reward to look at this as a consolidation setup. We are down near the bottom of the consolidation zone we've been stuck in, I'll be entering a long position to go back up the kumo which is near the middle of the zone. If we fail to hold support at the bottom of the zone, this setup...
fcpo has yet come to a tight range consolidation...as I am a breakout trader, I am anticipating a breakout to either side, upside or downside also will provide some trading opportunity... current support : 2420 lower support : 2400 current resistance : 2470-2474
This analysis is purely theoretical and based upon past performance. As you all know this is no indicator for the future but I'm giving it a try anyway. The "Consolidation Periods" in this analysis are the periods after price reached its (temporary) peak and pulled back to form a higher low. We can see that these higher lows are always higher than the peak price...
NZDCAD is still trading within the range of 0.87200 and 0.87820 and right now we've seen it reject prices lower then the 0.87200 support zone. The market simply created pinbars confirming that the price is rejecting. A buy trade would give us a Risk-reward of 1:2.5 and greater depending on the entry level. Thanks for viewing. Comment with your thoughts I'd like...
While AUD has been showing alot of strength in the past weeks, we are likely to see a break of the pullback into the overall bearish direction and moving within the descending channel. A break of the trendline resistance is and indicator that the trend has changed. Comment your thoughts, I'd like to hear them.
Price did a Fakeout of the Channel Break and is now looking to retrace a bit higher to previous Support turned Resistance. The consolidation area above price might be the deciding point of the market's true direction so I advise getting out then. Remember, we are still in a weekly downtrend.
I had sent this Bullish Gartley Pattern setup to our community and we are certain that every single of them are smiling from ear to ear. The link at the bottom was the analysis I've sent out. While many harmonic patterns trader had exited this trade, we are still in this trade. A stall at the resistance area(red line) is not a surprise for me, I'm waiting for a...
- Simon Property Group is another casualty from the recent sell off due to the COVID19 pandemic - Price has formed a nice base to trade a long from and looking for a recovery here with a decent risk reward. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
IT Index weekly chart suggesting it may trade sideways for some time and it should hold 13000 levels on the weekly basis to continue the trend it started from 11000 levels On the Basis of previous price action, I am expecting 13000 levels would act as good support and only the decisive Break of 13000 levels can take the index to 11000 levels.
A head and shoulders setup for a buying opportunity. As this is not the usual head and shoulders setup that most will expect but the chart is not perfect. There is an RSI Divergence on this setup and if all fail the consolidation area do provide a buying opportunity on this setup.
There're a couple of trade-ideas within this chart. 1. If the market retraces back to the resistance(red) line, it will provide a shorting opportunity on an aggressive setup, with the best Reward: Risk within this trade. 2. If the market finds support at 1.3934 in addition a magic candle appears, I may engaged a countertrend trade as an ABCD Pattern setup. 3. A...
set bracket range frm 2222-2315... IF the resistance 2315 is broken, THEN aim long IF the support 2222 is broken, THEN aim short fcpo-july now
CLEANEST STRUCTURE - PRICE MAY CONTINUE TO PUSH UP TOWARDS YESTERDAY'S HIGH TO COLLECT THE FUNDS IT LEFT BEHIND. WHAT DO YOU TRADERS THINK?
PRICE MAY CONTINUE TO PUSH DOWN TOWARDS PREVIOUS ZONES TO MAKE NEW LOW FOR THE WEEK BEFORE PUSHING UP AGAIN.... IF SO.... LET ME KNOW WHAT YOU THINK?
Daily Chart of Axis Bank: On daily chart the stock is moving in tight range of 60-70 Rs. The stock is holding the support zone of 590-600 levels and facing stiff resistance around the zone of 660-670 levels since the month of November-2019. Break out on either side will decide the further trend in the stock.