GBPUSD. Enter on a price action signal at the horizontal support level and EMA 10 EMA 20 level. There were three or four higher lows that occurred prior to the breakout of the horizontal level. The horizontal level has three or more touches.
AUDCAD. Horizontal Resistance Line Turned Support Line was preceded by four higher lows. Higher lows touched the diagonal line four times.
Bull steam ahead as 2021 makes the turn into September. With Traders back from the beach all eyes will be on the Non- Farm Payroll Numbers and the rotations (Russell to NAS and back again).
Chart shows the possibility of the Three Rising Valleys Chart Pattern and it's targets. Buy at 1.306 or at the bottom support line TP1 - 1.40 TP2 - 1.43 S/L - 1.297
The pair has been creating higher lows and higher highs on the 4H timeframe. Quite simple analysis as I prefer to keep it as simple as possible. So I am bullish on the pair. Will update as time goes on, stay tuned! Good Luck. God Bless!
Hello, Traders! USDCAD is fun to trade. There has been so many good opportunities for long entries this month and I expect the uptrend to continue. I prefer to go long in an uptrend and short in a downtrend rather than looking for short and long entries in the same chart. It has been safer this way and that's how I think unnecessary losses can be avoided. If you...
NSE:POWERGRID is making Higher Highs and Higher Lows on daily charts. Stock is trading above all moving averages. Stock has also given all time high breakout of monthly charts. One can initiate long position around 236-238 levels with Stop Loss below 228 (Closing Basis) with Target of 250.
Considering the Bearish Trend which created a LLs and LHs inside the Ellipses, we saw an invalidation through the channel which tried to create a HHs and HLs but then the ZONE from the HH was a SUPPORT AREA which we saw a consolidation and a break below, the Break-out was also a consolidation which we were expecting a break either above or below but the certainty...
Descending triangle pattern used to reverse current trend. Breaking below support level will change temporarily the trend because sequence of higher lows will be broken
Bitcoin Has More Upside! Looking For a Wave 5 (Based on Elliott Wave Theory) To playout over the rest of the year. This 5 Wave Could Be Bigger Than Wave 3, which is typically the Largest Wave. Following the Wave 5, we could see an ABC correction.. Like, Comment & Follow For More
I believe that GME will have a positive week ahead. I can say the technical aspect of this stock gives me a better perspective that it will turn to have an ideal trade with the help of a good volume.
The stock has broken its 3 years downtrend trendline in Dec 2020 and has been able to sustain above it and consolidating in the range of 200- 150. Currently, prices are trading at and taking support at the lower range. And it is likely that it might bounce and move towards the upper side of the range at the minimum. One more positive thing to notice here is the...
GBPUSD Watch For Buying Opportunities May 17th-21st, 2021.
Higher Lows EMA 10 EMA 20 indicate buying opportunities.
AUDCHF Lower Highs and Higher Lows (Pennant Pattern)
Trade in the direction of the break. I will wait for a close outside the pattern as a confirmation.
Hello traders and investors! Let’s see how AAPL is doing today! Since last month, when we were discussing the reversal patterns AAPL was doing, our view was clearly bullish. Now that it went from $ 120 to almost $ 140, what’s next for it? Well, in the 1h chart we have again some nice reversal patterns. Apple is doing higher lows , and if it breaks the blue...