while going through the price action it can be a pullback to 3rd point. the pink box which is having more green candles can act as support where buyers actullly entered with huge volumes. trade with caution as fall can be faster after a while when bulls loose momentum.
BINANCE:BTCUSDT According to my 4-hour BTC USDT analysis, the price is showing the same pattern as ETH. BTC is expected to move upwards from the current level of 26,598. The stop-loss for this trade is 26,350, and the target is 27,000-27,300. The last two 4-hour candles have shown a rejection on the downside, which indicates that buyers are pushing the price...
In this Knowledge Nugget I have explained our trade in Jai Balaji which has grown by 100% in last 3 months!
Explanation is in the chart - price made a higher high, was looking for a re-test on previous resistance turned support. Price created bullish engulfing candle & EMA RT - my entry was off by 5 pips, should be BE but took a 0.5% L
AUDNZD is retesting a recently broken horizontal resitance. The price formed a double bottom pattern on that on an hourly time frame. Its neckline has just been broken. I believe that it is a good moment to buy the pair now. Goal - 1.0914 ❤️Please, support my work with like, thank you!❤️
Hi Traders! EURUSD has reached its 3-month low, and there is likely to be a support bounce from here, which could mean a potential double-bottom chart pattern opportunity for long entries. Price Action 📊 There is a lack of bearish momentum to break the three-month low at 1.06352; therefore, it is very likely there is a lot of bullish demand at this...
HI Traders, USD/JPY's bullish rally seems to be running out of steams and bullish momentum is beginning to the weakened down showing some downside preparation. 📌 Currently, the price is forming up a bullish wedge pattern in the 8H chart of usd/JPY. 📌 The price is showing a very prolonged Divergence taking note of the RSI indicator revealing LL and LH when the...
NSE:BANKBARODA is making HH and HLs in the Daily chart and is reacting from a Fresh Trap Zone. The expectation is price will make another HH from here as that is the habit of the price. So, we can think of taking a long trade with a small risk to get the 3.65: 1 Reward to Risk. That is a 10.70% Return on Investment in quick succession.
Price action is key for understanding the major market bias and also for managing risk. On top of that, understanding Price Action will give a better understanding of where other traders may be trapped and will help structure your trades. In the video, I talk through the DOW Index and price action from the previous session. I look at where we were looking for...
I don't want to spend much time explaining and just move straight to the point. I am using Demand and Supply with Elliott wave for this analysis Look at my previous analysis here From my previous analysis Price completed 5 wave movement which ended @ 1901 as opposed to my projection at 1904, and it has shown a clear rejection at the demand zone highlighted on...
hi all reversal or correction ? **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
After a strong bearish movement, EURCAD looks quite exhausted. The pair reached a key daily support and formed a double bottom on that on an hourly time frame. Probabilities are high that we will see a pullback today. Goals: 1.4435 / 1.4465 ❤️Please, support my work with like, thank you!❤️
Hi Traders! There is a potential triangle break on the GBPAUD 1D chart. Price Action 📊 Descending triangle with lower highs and lower lows. The market has also broken and been below the 20 EMA for the past 5 days. Looking for a momentum break below the support trendline for a possible short entry to the target area between 1.92500 and 1.92100. Support ...
hi all I'm looking for a pullback at the fibonacci retracement level of 50 to 61.8%. **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
hi all The FOMC meets eight times per year and releases forecasts in March, June, September, and December. In June, the Fed announces two rate increases. In July, 1st raises the rate to 5.50. Since the impact of oil only recently begun in September, I doubt the FOMC will hike interest rates to 5.75 percent this week. As a result, the FOMC will hike rates for...
Traders, do not forget that in less than 2 hours we are expecting the ECB rate decision and a press conference. Here is my technical outlook for EURUSD, ahead of the news. The pair has recently violated 2 structures: a horizontal daily support and a rising trend line. After the violation, the price set a new lower low and started a correctional...
Hi Traders! AUDUSD has been very bearish over the past couple of months, and there is a possibility that the market is now oversold. Looking at the price action on the 1D chart, we have have highlighted the price rejection at the support area between 0.63847 and 0.63575. There is a likely pullback incoming due to the market holding above the support area, and...
Hi The ECB Monetary Policy Statement released today makes trading highly risky. Inflation in Europe is too high, however I still think the USDX has some medium bullishness left. **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support