Harmonictraders
Banknifty technical analysis.BANKNIFTY
In banknifty by auto harmonic pattern we can see that if market break the resistance as u can see above. The market may retrace from target 1 and if target 1 also break then we can see a downward movement till target 2
Our mentioned targets are:. ( Which I got from auto harmonic pattern )
When banknifty below 35720
BUY PE Target 1 -. 35285
Target 2 - 34870
And. If banknifty breaks 36080 level then
BUY CE. with target 36695
CHZUSDT Short Position - Anti GartleyCHZUSDT Short Position - Anti Gartley Harmonic Bearish Pattern.
Entry: 0.13504
SL: 0.13984
TP on first Target then move SL to entry to avoid loss.
BTC also looks like to bounce down from 31500 to 30k. If BTC didn't bounce and continued to go up then this setup will be ruined.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
The pond and greenback is not in a perfect bond now. They are not in any fierce opposition. One is respecting other and keeping themselves aloof in quietness. There is no strong surge to overrule any directional bias and therefore we do not see any signals now.
2 reasons to sell EURGBP nowEURGBP is on the uptrend so this is a countertrend trade. There are some good reasons for taking this.
1) There are 2 harmonic patterns to sell.
2) There is a weekly high from last week at 0.8588
3) H4, H1, M30, M15 is all overbought
4) RSI divergence in M30 and M15.
Stop loss is just 30 pips. Let's go!
USDCHF LongTime Frame: 1H
Symbol: USDCHF
Entry: 0.96015
TP: 0.96572
SL: 0.95669
Bias: Long
Current price study of this instrument is revealing a short term bullish opportunity. Though it is really difficult to find high probability opportunities or setup nowadays , the average directional bias for this pair is on the bull side. So we are planning a short term momentum trade.
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007721
TP: 0.007518
SL: 0.007857
Bias: Short
The current price projection for this instrument is showing a bearish bias and that is the reason we anticipate a high probability selling setup from the current context. Though it is an obvious sell signal, trade should be placed with proper caution.