After a few indecision candles at the high, followed buy a volume push up to a major resistance, I became alert that a bearish setup might present. Friday closed off with a variation of a bearish engulfing. When price closes beyond a price then closes right back beneath it its a sign that this price is being rejected. Naked analysis tells us that the 1hour chat...
AUDUSD presented a shooting star at a key area of confluence on Wednesday. Price failed to break this confirmed evening star. Thus creating a volatile indecision bearish engulfing at the high. I will short upon a retest of the high or the presentation of a reversal candlestick on the back of the trendline if broken. Price is still pushing for its highest point....
I decided to publish a video about the recent trades taken and the aftermath. I believe that I see structure clearly, however my bias changes depending on the timeframe. I'll be ultimately bearish on Sunday and Monday, then decide I want to be bullish Monday night to trade up to the sell. I understand that counter trend trading is dangerous to the risk: reward...
Bitcoin is seeking its Lower High on the intraday 4H chart after confirmed the break of a neckline from a Head and shoulders patters. Price is currently respecting structure. The Daily shooting star at the back of a retested trendline suggests that there is sell strength near the neckline of this patters. I will be monitoring the 1H for a the re-test however the...
Gold is still completing a Double Top from a daily perspective. The Daily is forming a lower low. The 4H timeframe is also creating lower lows and lower highs which tells me that intraday is a sell as well. I believe the momentum is bearish and now is the time to capitalize on shorting opportunities such as this one. The 1h created a clear very strong lower low...
I enjoy taking a miniature move within a larger scaled move. What we have on AUDSD is a 4h swing low to create a lower low. then a retest up to 38.8% then a rather quick continuation with the bearish trend. I'm looking to short on a 30minute setup. Simple lower lows and lower highs will support my decision to trade this pair.
Ladies and gentlemen, we have a clear as day Bearish reversal signal in front of our very eyes. Bitcoin has confirmed a double top pattern for the right shoulder of a massive head and shoulders. I'm looking forward to shorting the re-test pf a pivotal neckline. I'm projecting a decline of at least 3,000 pips over the course of the entire move. Price is looking to...
NSE:EXIDEIND The video is self-explanatory. Looking good for a 12% shorting position with a risk of 4-5%. Manage your risk properly. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe...
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.
Just a follow up on yesterday's trade.
#Bitcoin. Is it going to 0 like all the overly reactive bears are suggesting? As ugly as the current chart looks, as long as it continues to serve its practical purpose as a money transmission mechanism, it is more likely to find stability sooner. Opinions aside, as a trader and investor, I am only interested in ONE thing, and that is ORDER FLOW. As I mention to...