do a buy order at 1.45552 then follow the TP AT 1.46366 AND SL AT 1.45306.
the stochastic is oversold below 20, 9 and 21 EMA are being tested so they are bullish opportunities maybe apply to this the 1 hour chart for quicker results ??
Rectangular Box can be used as prices shaping like a rectangle...Important lesson.. If RSI is above 70 which is overbought level ...that doesn't mean that you will take short...Momentum Indicators can remain in overbought zone & price will keep extending...India Nifty since 26th May opening has been moving into consolidation... copy the rectangle shape above its...
These spikes are starting to show strong rejection. There is a trend line bringing the price up, and with a change in the head of the Reserve Bank of Australia, anything could happen. The blue rectangle represents the unknown zone. I would suggest targeting the short term short, and put your stop loss at the top of the blue rectangle. If the price closes above...
Grupo Financiero Banorte SAB de CV(BMV:GFNORTEO) are dancing across the accumulation zone started in 2013, at the weekly graph are in the top. If we see the daily graph or the 30min we can see the overhead stock.
Target 1: 85.5
Exposed in local currency MXN.
Strong bearish channel found with a clear shortfall. This channel is about to burst and a breakout is imminent. Considering the bearish shortfall, a bearish outcome is more probable. Shorting here makes sense. Waiting until breakout is confirmed by a closing candle outside the channel is the prudent thing to do. Stop loss around 59.00. Expect a pullback/throwback...
SELL SAIGNAL FOR LONG TERM .
POTENTIAL RETURN TO 1/15
TARGET PATTERN DOUBLE TOP
TARGET RECTANGLE OR SUPPORT ZONE
CLASH TO LINE OF UP TREND IN LONG TIME
Please note TO NEXT analysis.
MORE DETAILS TO CHART
THANKS
Hello Traders,
After seeing FX:GBPUSD consolidate within a range for the past 30 days, we have gotten the emergence of 3 Simple Chart Patterns that could present us with good opportunities to LONG on this particular pair. I have color coded all 3 Chart Patterns in the chart above, just to make it visually easier for everyone. I will walk you guys through...
Last week the dollar finally traded in line with fundamentals again, with the Dollar Index gaining four out of five days. There had been a strong bearish sentiment surrounding the dollar for the last couple of weeks, helped by key data points coming out unfavourably and when a currency is fundamentally bullish, but sentiment-wise bearish, the result is choppy...
