The price moved against expectation as it continues to find lower lows in the last one month (you might want to see the link below for reference purposes); As part of China’s move to create awareness of its digital Yuan, authorities in Shanghai is planning to distribute $3 million worth of the central bank-issued currency among residents of Shanghai in the form of...
With approximately 300pips move in our direction since my last publication on this pair (see link below for reference purposes); It appears we are at a juncture for a trading opportunity in the market as I suspect a risk of further decline for the Kiwi as Breakdown/Retest of Neckline which is also my Key level @ $0.71500 becomes imminent. The US Bureau of Labor...
In WEEKLY time frame it has activated a Bullish Hidden RSI Divergence In DAILY time frame it has activated a Bullish Sea Horse Pattern These suggest levels of 36000/37000 as possible targets. View gets negated below 32500
NIFTY has reacted at the PRZ of a Bearish Harmonic ALT SHARK suggesting a pullback likely till 15300. View would get negated above 15675
United Spirits post its Q4 results has reversed from a bearish Harmonic Crab pattern in daily time frame suggesting retracement till 560-550. The view would negate above 605.
On daily time frame it has made a bullish harmonic AB=CD suggesting a pullback to 48000-52000. One can trail with the lows as stop loss.
The dailly chart (see below) suggest that the Bears continue to take control of the prevailing direction of price action despite the 100pips Bullish run during last week trading session; I noticed that price has been caught within a Descending Channel since the beginning of the month with structures that support the tendency of respecting this Channel and even...
Price has moved over 100pips in our direction since my last publication on this pair (see link below for reference purposes) and I am looking forward to a further dip to complete correction of the Breakout that happened on the 24th Feb 2021 to join the rally in the coming week(s). Following the Swiss National Bank (SNB) Chairman Thomas Jordan perspective that it...
It has activated a Bearish Harmonic Alt Shark in daily time frame. It could retest 3100/3000 provided it does not breach 3325
It has formed a Bullish Harmonic AB=CD in daily time frame along with double RSI bullish divergence. It could retrace till 235-240 as long as its above 218.
It has activated a Bullish Harmonic Deep Crab. It could bounce back to 835/875 as long as it does not breach 785
here on the cable we have a bearish Gartley Pattern. We currently have price kissing the 786 at the moment. what were looking for si some consolidation some confirmation on the oscillators and another good move down. This will be my second entry on the cable as i am currently short off a daily pattern. for the past two weeks we have seen the cable retrace up after...
The gains accumulated by the Euro remains limited as structure suggest that investors are hesitant to buy the Euro amidst concerns that the Eurozone is in for more coronavirus restrictions in the nearest future. We had no execution on our last publications as price went the opposite direction with a significant Breakout of the Channel @ AU$1.54500 area ( see link...
The greenback appears to be building on structures supporting a rally in the coming week(s) as the Nonfarm Payrolls report draws near. The price travelled in the opposite direction since my last publication as $1.40000 remains a strong Supplication level ( see link below for reference purposes). A sharp rejection of $1.4000 followed by a significant Breakdown of...
Gartley Harmonic Bat GOLD Weekly chart. Will it climb to $31? Thoughts?
The first observation on this chart is the Descending channel drawn by connecting the lower highs and lower lows of price action with parallel trendlines emphasize the prevailing trend that began in October 2020... It appears the price is willing to respect this channel in the coming week as a Breakdown of AU$1.545000 level followed by rejection is a clue...
- BTCUSD is on a previous high Resistance - Expecting a pullback before a continuation to the upside - Overall trend is bullish - Structure is pushing up - Sentiment - Positive - ( Candlestick ) ?? - Plan is to go Long on a retest of support - Take the trade when your rules are fulfilled A BULLISH MOVE is probable in this market.
GRXEUR - Overall trend is bullish - As long as the price is above the support area there is a good buying opportunity - Structure is pushing up - Wait for Confluence of Fib support line and previous resistance now is support - Sentiment - is positive - ( Candlestick ) ?? - Plan is to wait for the price to come back to a support area - Take the trade when your...