Please look and read the points made to identify options for session (06:00-10:00uk) trade entry requirements.
Price action based objectives using pre session identification areas as target options and danger points.
ORCL Upside break-out of a Descending Pennant.
Some things to note:
Hold of 50 EMA within the pattern
High volume entry into the pattern with descending volume throughout
Notable pickup in activity on the upside break
MACD Cross coinciding with break
Throwback following the upside break that tracks along the upper bound of the pattern and is halted at...
Well, am I missing something or this is just a continuation pattern? The last candlestick formation is bullish. I'm not sure to short the market now. Lets see how the week closes.
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** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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UPL has been consolidating in a range between 850 and 650 on the weekly chart. It has been in triangle type pattern and has broken down on a weekly basis. A close below the upward trendline shows increasing bearish pressure.
Bearish momentum should increase below the weekly low of 673. One could expect greater selling pressure if price closes below the support at...
Analysis:
This setup to us is ideal. Firstly price is clearly in a downwards trend and there is no doubt about this. We've seen price create a series of lower lows and lower highs which confirms that we are in a downwards trend. Knowing this we are only looking for shorts on this pair. Where price is currently is a very interesting area to us. Why? This area has...
A breakout and close above 375 could lead to continuation of trend. The target is considered to be equal to the length of the pole. So it should be able to reach 400.
Analysis:
From the charts we're clearly able to tell that price is in a downwards trend, showing us that we want to be shorting this pair only. Last week we saw a break of this key level and we're now seeing that same level get retested for resistance and there is a good chance that this area will hold. For added confluence we have a long term downwards trendline...
On March 28, merely three days ago, I highlighted the inverted head and shoulders pattern observed in AAPL's stock price. In this particular case, the pattern indicated a bullish continuation. I discussed the support and resistance flip that transpired at the $156 mark. At that time, AAPL was trading just below $156.50, and I projected a bounce to $166, provided...
What is chart action suggesting us to expect on time - seems like a impulse wave waiting to unfold with time.
There is a what and if associated with every condition on chart action!
Times to unfold!
#BPCL
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** AUDSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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IOC has formed a bullish structure on the weekly chart. A crucial aspect is a weekly RSI close above 60. It is also about to break out from a down trending line. A long position could be considered keeping the following levels in mind:
LONG ABOVE: 81.55
STOP LOSS: 77.95
TARGET 1: 85.15
TARGET 2: 88.75
Please do wait for at least a 15 min candle close above the...
INFY has been in a bearish structure on the daily chart since March 23. It had gapped down to 1190 levels in April after a bad surprise in results. It has pulled back to the 1280 area which is the base of the gap. If selling pressure continues, a short position could be considered keeping the following levels in mind:
SHORT BELOW: 1254.25
STOP LOSS: 1279
TARGET...
Hello,Traders!
EUR-AUD is trading in a
Downtrend in a narrowing
Wedge pattern so IF we
See a bearish breakout
Then we are likely to
See bearish continuation
Sell!
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Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Hello Traders👋🏻
On The Daily Time Frame The USDJPY Price Broke The Higher High
If Price Stays Above The Key Zone,
USDJPY Can Create New Higher Low and Continue The Bullish Move 📈
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TARGET: 136.812🎯
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