Talking Point: Technical Strategy: Confirming it's bullish outlook Elliottwave View: Reversal confirmed and counting impulsive waves Analysis We were tracking GAIL from last few weeks and able to see breakout in coming days. Elliottwave perspective, this script is having impulsive bullish view on larger time frame which can be target above 600. However...
Market has not closed above a 17 month high. Seems a good time to go short. Good loss to win ratio Stop loss- 53.50 First target- 48.20 Second target- 44.06 Happy Trading :)
On this down trend, price will continue going down, reaching target 1.20 On weekly chart, CCI indicator couldn't cross zero level, so its short On daily chart, CCI indicator crossed -100 level, so its short
Since July 2014 that GBP is bearish against the USD. It fell from 1.6800s to the 1.1800s in October. The Uptrend from October was broken today (15/12) and it could lead to a fall towards the next short-term support area, over the 1.2100s. Short Position 1.2550 Stop Loss - 1.2630 Profit 1.2350 to 1.2100
Since venturing below the established trend line set this year, NZDUSD had retraced to 61.8% of it's last down swing. To add confidence to this trade yesterday formed an bearish engulfing bar that move price quite a bit lower. Suggested SL is above the recent high and profit targets are in the 1.272 - 1.618 Fibonacci extension area.
Watching the big picture, we are still on an uptrend on the weekly and daily time frame which makes me look for trend continuation opportunities. Currently price is at a very sweet spot while RSI approaching oversold levels. Great risk:reward if entered at market if conservative stops and targets are used as illustrated on the opened long position in the chart.
Note: GBP/AUD formed a SWING SETUP! It able to breaks the current support zone and the pullback fall to 20-EMA and Support Zone. After that, few bullish bars shown to bounce back to the bullish trend A high R/R trade to entry now :)
The price for EURGBP has retraced to the 50% level of the upward move starting late May. This could set up to be a great risk reward opportunity. With the rejection of this key Fibonacci level and a trend line break for this retrace, I will wait one more day before making an entry decision. The criteria for a buy entry here will be as follows: Today's heiken...
Possible Head and Shoulder. 7000 is strong resistance. Next week is crucial. Let's see what happens.
The overall down trend appears to be holding for GBPCAD. Furthermore, the beginnings of a possible bullish bat pattern are taking shape. However, the current BC retracement is a little short at this point. Nevertheless, the pattern appears to be in proportion and a sell setup is likely before the end of the week or early next week.
Hi to everyone. From my point of view a possible change of trend of Aplee in the next few days, a strong resistance zone highlighted with a rectangle, which may retry the price, if the price is rejected two Objectives that the price will seek once broken the trend line up. I think if the price break the trend line the two targets are affordable for the price with...
A potential good swing setup. After recent bullish trend, there is 1 pull back bar and followed by a bullish pin bar. Good to entry with R/R of 1:2 EP: 1.01557 SL: 1.00646 TP: 1.03050
perfect place to place buy order, daily chart, target 1.35
2 sell opportunities: 1° Sell Order: Entry: 47.95 TP: 35.44 SL: 55.06 2° Sell Order: Entry: 51.39 TP: 43.01 SL: 55.06
it is the 4th wave of big 3 we can buy and catch the 5th wave of 3