GBPJPY has formed a bearish bat pattern during last days,now the price is located inside a Potenzial Reversal Zone between two resistances (the blue horizontal lines) and the Stochastic has produced a bearish divergence.
A sell could be the best option in this kind of situation, there are good chances for a drop towards 138.5 near the 100 day moving average. Pay...
As you can see in the chart third wave has been done and a counter trend is started (wave 4). C point shows where the wave 4 will be finished. I think it still is early to finish wave 4 and we should wait for now.
Then at the end of the correction we can set up a long position in AUDUSD.
I've explained in details, about BTC price at 17700 and the AB=CD pattern that happened earlier on BTC.. So I suggest you to read it on the link bellow ( related ideas ) before reading this..
So, If you read that idea, let's begin..
As you can see, I'm doing this analysis on a DAILY chart. We are at the BC projection point the D location.. Now we have 2...
For the next week wait for the price to hot 1.17500 . That zone is a hugely resistant zone. At that point place a sell position for a good downtrend.
FOR WIDER LOOKOUT PLEASE CHECK RELATED IDEA.
Trade at your own risk.
Have a great weekend.
Now, the price is breaking through the trend. We have to see if it is a fake break through or not. it seems like a fake one because of the PRZ above. We have to wait for the testing and its pullback ....
We have a huge PRZ level, included: dynamic resistance, Fibonacci RETRACEMENT, Fibonacci PROJECTION. after breaking through PRZ and a pullback it is going to be a good entry for Buy position. with considering TP and SL of PRZ area.
Bearish Gartley Bharti Airtel. Airtel has shown good rally on Friday. A bit more upward movement is there. Once reached PRZ (Potential Reversal Zone) area Wait for Reversal Confirmation on lower time frame candle stick. One can short with a given Stop Loss. Always use Trailing Stop Loss.
Chart by Krishna
Nifty previously had wolfe wave and its final target is due which is 11124 and also D leg confirms the same. Potential reversal zone for nifty is between 11162(Support) to 11124(D). If not reversed from first PRZ i.e. 11124 then 11001 and 10839 are another PRZ...
xrpusdt was in the channel for long time and recently breaked the roof of that long term channel. if it can consolidate on the roof as a support line and another horizontal resistance line become support line, then we will have three target with fibonacci system that have been showed in the chart with PRZ 1-3.
also if we assume the yellow part as a flag...