This fundamentally stable gaint looks great on weekly timeframe to give potential return. It is currently trading at strong support level. we can consider aggregating some positions in it.
If weekly candle closeup above 121.5 then there will be two targets that can be achieved easily 130 and 150. Breakout of rectangular consolidation and also the retesting of the breakout
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
I just love this chart. Look how each capitulation event is met with max pain for the bears the very next day, many times in a row along that rising support line. Selling volume is waning. Looks set for a probable breakout past 72 cents next time.
The Daily chart provides a long term uptrend channel, in which a short term rectangle has been broken out upwards. Possible move to the upper boundary of the channel. The Slow Stochastic is overbought, I don't feel comfortable with this, but remember that oscilaltors can remain overbought/oversold for long period when a strong trend is showing.
EURAUD is trading in rectangle channel below the Upper Trend Line Breakout: 1.66064. If breaks above targets : 50%: 1.67962 100%: 1.69819
Bitcoin is absolutely ready for a massive uptrend to my profit target of 79959 USD! In this analysis, I will tell you why Bitcoin is bullish. First of all, we need to take a look at the weekly candles. The last weekly candle is a bullish engulfing candle. It means that the body of the candle engulfed the previous candle. Strong reversal signal, especially on...
This pair has been in a good bearish rally. There is no divergence and it has made a bullish rectangle. The currencies indices also call for a long trade. Let's hope the trade goes as planned on the chart.
Today, we are awaiting FOMC. Here are the potential scenarios for EURUSD. Bullish Scenario The price has recently reached a support line of a falling parallel channel and nicely bounced from that. Currently, the market is testing 1.07 horizontal daily resistance. IF the price breaks and closes above that on a daily, a bullish continuation will be anticipated...
NZDCAD is trading in a long-term bearish trend. However, the market was consolidating the entire August within a horizontal range on a daily. The support of the range was finally broken last week. It is an important sign of strength of the sellers, and it indicates a highly probable bearish continuation. The prices may go lower at least to 0.7936 support ...
Nice looking short opportunity Rectangle Bottom Forming Look to ride the wave down Short opportunity
Strength Gaining Stock! Suven Pharmaceuticals Ltd #SUVENPHAR 1. Rising with Volume 2. Narrow range Consolidation 3. Near All Time High Keep on your Screener.
Take a look at CADCHF. The pair broke and closed above a key daily resistance last week. The price is currently consolidating with a narrow horizontal range, retesting the broken structure. Your intraday bullish confirmation to buy will be a bullish breakout of the resistance of the range. 4H candle close above 0.6643 will confirm the violation. A bullish...
Hello, It has been a very long time since I posted and I have started to go from an institutional style to adopting some Qullamaggie's breakout style. I still do longer-term trades as well. This stock is breaking out from a range, not at tight as I'd want and not with as much volume as I would like but I am betting on previous momentum to help the trade work.
BANKNIFTY price seems to be moving in a rectangle Where it has taken support multiple times at ~45833.00 level and resistance at ~46023 level So we can go for big rr if either of these levels break Thank you happy trading :)
Dollar Index broke and closed above a key daily resistance. Such a violation will most likely trigger a further growth, because the market is trading in a bullish trend. I believe that the market will reach 105.3 level soon. ❤️Please, support my work with like, thank you!❤️
NIFTY after hitting the all-time high level it appeared to be moving in a rectangle today. If either of levels broken we can see some good price movement Important support level: ~20050.00 Important resistance level: ~20114.00 First target levels has been marked if either of those levels break. Happy Trading:)
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