GOLD on the daily chart reached the weekly support at the 1770 area.
The market after an attempt to break close the daily candle above the structure.
The price, which is retracing in a descending channel, provides us 2 possible scenarios for the next weeks.
If the market will start a new impulse to the upside following the double bottom we can set a nice long...
NSE:BANDHANBNK is weakest bank among the all Banks. It is making lower top lower bottom on hourly charts. One can create short position around 337-340 levels with Stop Loss of 354 for Target of 306. Risk Reward for this trade is 1:2.
According to sessional tendency EURUSD is bearish but Cot graph show the commercial increase their long and price action show the strong bullish move .but on1.21500 have FVG and fresh Bearish order block is strong level to looking sell . But i like to see price will go to in consolidation then watching total soap..
best of luck any quarries you may ask ..also...
USDJPY on the 4 chart is creating a lower high lower low move.
The market is now testing the support around 103.650.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order.
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure ->...
Current H4 candle close breaks trendline acting as Resistance. Break at 3rd touch. Expecting Lower Low. Current High after break, will makes 2nd Trendline. If 2nd Trendline is break, then I will be expecting pullback at 2nd Trendline that will act as RBS Resistance Became Support, for Uptrend possible Uptrend continuation after that.
I can't believe it.
The Dow futures registered a lower price than that of the local pivot from the prior week. Whether this leads to an almighty selloff today or not does not matter.
Potentially a large swing trade setup coming next week.
Daily Chart -
Price has been in this ascending channel since march of this year and after the second touch of the pattern, we have the double top with another ascending channel leading up to the double top area.
4HR Chart -
HI BIG PLAYERS,
on EURO STOXX 50 I found a nice LL and LH signal for shortsetup.
In 1 h chart the last low breakdown the previous low and in the 15 min chart it seems also like a lower low and a lower high.
The RRR (Risk-Return-Ratio) would be 1:4.
SPX is losing its streaming on daily just like starting from 12 Oct each day closing lower than its previous. Near supports are 3510, 3487, and 3406. Definitely, this is base on technical unless some other news catalyst invalidates this trend.
According to indicators such as moving averages 200 SMA and 50 SMA + pivots , the direction of the trend is in process of going down. This is visible in the formation of a descending traingle which is occuring a flat in progress. To find the target you could use the fibonacci extensions and retracements to find approriate SP.
In the forex market I would reccomend...
We are currently under 10SMA in 4H time frame. Also BTC made higher highs in price / lower low in RSI. I would like to take this risk with a conservative stop-loss. I am not greedy shorting BTC NEVER! 12,100$ area would be more than enough for me :)
If the price goes below 10k buy more,
below 9k buy even more,
below 8k start to sell your stuff and buy more
The key price action resistance level we discussed at the start of the week has now held with a large daily chart bearish engulfing bar.
Price is now rotating lower and is looking to move into the next daily support level around 1862.50.
This market has now formed a series of lower highs on the daily chart.
If we can see this next support level break with a new...
I have linked my last analysis of Gold below. I said it was finally going down and it did. Considering USDCHF is about to fly higher this week, I think I see Gold making a push further down.
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