Hello traders, AUDUSD is setting up for a downside move, i am waiting for price to enter in a yellow box mentioned area and looking price action there for a short position opportunity but if things doesn't go that i wanted and price break the previous lower high then i will be watching the red box resistance area for a next short opportunity. This is just...
Hello traders, USDJPY is setting up for a downside move watch USDJPY with your own according strategy and look for a short position opportunity. This is just analysis GOOD LUCK & GOOD TRADING
According to the price chart, it is located in the overlapping area of the Fibonacci price levels. And also the price is near a static resistance and a support trend line. According to the price pattern on the chart, the price is "probably" at the end of its corrective pattern. In my opinion, this correction pattern should end between the 11th and 13th of...
Hello to everyone NIFTY PSE INDEX Trading near all time level Of 4687 and strong resistance zone of 4380-- 4580. This zone is acted as strong resistance in past trading sessions. Price resisted number of time at this zone and slopes down towards the support zone . If price able to break this zone and ATH level than we can see new all time high level of the...
The EURUSD has experienced a pullback in February due to concerns about inflation. This concern was further highlighted by yesterday's CPI (Consumer Price Index) data, which revealed that inflation may stick around longer than expected. The release of this data has led to a boost in the USD and a bearish outlook for the EURUSD. However, despite the bearish price...
Trend lines drawn from previous highs an previous lows
GOLD is described as a safe haven against war, inflation, and banking collapse as we can see on the daily chart. The 2 fat red candles are basically 3 interest rate decisions in two consecutive days which were all hikes. Uptrend support shows signs of resuming the previously steady uptrend. The dovish comments from Powel can be interpreted as neutral, in our case...
Trend from the last low up until now is being respected, Interesting, dont ever delete trends and use the Extend option :) Happy Trading :p :)
USDJPY, like USDX and other correlating pairs, forms a base for a rally or further decline. If the USD goes up, I think it could happen quickly. The overall market willingness to buy back the price seems quite optimistic, but the downward trendline is very strong. Until the trendline is broken, the uptrend is not worth thinking about.
I would like to see SPY break the upper trend line of the down trend channel, test the same trend line as a new support trend line and then move up to 430 in a symmetric move with the latest swing just before the break
In the monthly timeframe, xrp seems to be dealing with further declines and has been successful so far. But what is scary is that MACD has not yet been tested positive and ChicoSpan has managed to break TenkenSen. So, it should wait for the MACD to become positive or show a record reaction to the lower trend line. Because if it don't show a reaction, it should...
Bullish Indications 1. Higher Highs and Lows 2. Trend line not broken Bearish Indications (BIASED SHORT) 1. Rejected from Resistance Area 2. Double TOP OR BAT Pattern Formation In Progress 3. AB=CD Reversal Pattern 4. Formation of Bearish Divergence
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Hello Dear friends We are still below the downtrend line, our $0.235 support area is still intact. We have a positive RSI divergence on the daily time frame. But we must keep in mind that the momentum of the downward trend is strong. On the lower time frames, if the range of $0.3733 is consumed, the possibility of forming a downward trend is strengthened up to...
EurAud has been on a steady bull run and now takes a breather thus experiencing sideways trading. We can expect a drop towards the trendline .
In this chart we can see some pattern that fits to this strategy. We saw a lot of liquidity in the path few months. And sometimes the market can give u some bouncy bull trend for a couple of days or even week or two. In this chart , u can see some pattern that give us some indication that may be some poll up , and then it going down to check the LL prices And...
*IRCTC* Time Frame: Daily Observation: * Supply Zone Breakout * Swing High Break * Mean (EMA) Diversion Resistance/Target: 814 908 1001 1062 Support: 688, Dynamic Support at 200 EMA
📊 Script: HCLTECH (HCL TECHNOLOGIES LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY IT / NIFTY 500 📊 Sector: Information Technology 📊 Industry: Computers - Software & Consulting Key highlights: 💡⚡ 📈 Script is trading near at its support level which is around 897. 📈 RSI is nearby to its Oversold zone. 📈 script may bounce back from its support level keep...