BABA on 4 hours chart has got into an uptrend and unless it closes lower than 176, may continue to show strength on this time frame. It has taken down the previous highs and a nice retracement making a higher low and RSI bounce back into the mid zone will be very bullish, indicating that market getting over sold with low retracement on price and markets good...
4 hour timeframe chart on FX:EURAUD Currently forming a descending triangle and price nicely testing the support and resistance levels approaching the climax. Price currently below the 50 period moving average, indicating possible resistance and downward pressure (likely short position on break of support) ADX not relevant in this as works best with longish...
I am not so much expert but what I can see here that it is changing from flag up pattern to triangle one also towards downwards. I think from 1479. It will start falling for long term because it will break out the pattern or it will go beyond if it breaks 1502 resistance which usual one for short term. but my best suggestion goes for Short Term. Rest is upto your...
USDJPY shown a double bottom on H4 with nice rejection of level. expecting some real move.
This week we are really close to the 0.97600 monthly S/R line, it bounced off and retested the daily 0.97950 S/R line, closing under. The price tried to go above this line but it was rejected as we can see in the wicks of previous candles, it could be a bearish signal, but we have to wait. I'll be looking to sell, my target being 0.96450, because the trend doesn't...