Sells are viable after price retraces to the FVG. Wait to see if price respects that area first though.
stock it, self-telling what can move except from that. high-debt company micro cap company Market Cap ₹ 60.9 Cr. Current Price ₹ 66.1 High / Low ₹ 71.8 / 38.2 Stock P/E 9.99 Book Value ₹ 37.8 Dividend Yield 0.00 % ROCE 8.69 % ROE 3.74 % Face Value ₹ 10.0 Industry PE 31.1 EPS ₹ 6.63 Debt to equity 1.17 Price to book value 1.72 Debt ₹ 40.6 Cr. EBIT ₹ 9.91 Cr. Cash...
Hello traders, this is a daily analysis of GBP/JPY on a daily timeframe. We are clearly in a bullish trend, marked by consistent Higher Highs and Higher Lows. There's no confirmation of a reversal as of now. Additionally, we observe a kind of channel formation moving to the upside. By aligning two points upside and two points downside, we can see that the current...
GBPUSD currently exhibits a Weaker Bullish Trend on the weekly chart, introducing interesting dynamics. On the 1-hourly chart, a bearish shark pattern emerges, presenting a counter-trend trading setup. Simultaneously, the 4-hourly chart showcases a bullish bat pattern within the buy zone. My preference in this scenario is clear—I favor the bullish bat pattern on...
Happy Diwali To Everyone. After Gap up opening if nifty starts trading above 19450 level then possible strong upside rally upto 19570+ level. Any downside possible below 19420 level. Higher volatility in market. So keep less lot size on this Muhurat trading session.
GBPUSD sustained a downward trend in its recent session, although the decline was moderated by a recovery towards the session's end. A notable development is the emergence of a bullish pin bar pattern on the daily chart, indicating a weakening of selling pressure. This suggests a potential conclusion to the correction phase and a likelihood of the price resuming...
Gold experienced its third consecutive drop yesterday, with a significant decrease in price. The daily bar, referred to as D1, exhibited a substantial decline and closed near its lowest point. It concluded above the bottom of the previous D1 bar, indicating robust selling pressure. Furthermore, yesterday's D1 bar closed below the bottom of the most recent upward...
After a good growth and the breaking of important resistance, it seems to be forming a flag pattern and its own second phase of movement... WOMAN , LIFE , FREEDOM✌
NZDUSD witnessed its third consecutive day of decline. However, the downward momentum appears relatively mild, given that three days of decline do not match the intensity of the preceding single day of increase. The price is currently undergoing a retest, suggesting a potential stabilization. The chart structure on NZDUSD D1 indicates a cumulative sideways...
Hello, dear traders and friends. Let's take a closer look at the EURCAD chart and examine the potential selling opportunity in this pair together. Firstly, we can clearly observe a bearish trendline in the 1-hour timeframe, connecting lower highs. This trendline suggests the possibility of a bearish bias for this currency. Secondly, when you examine the Daily...
The corrective momentum on EURUSD halted at the 1.0700 level, with the price currently forming a bullish pin bar candle. This creates a double pin bar pattern near the resistance level, indicating a potential resurgence of buying interest. Therefore, it's advisable to maintain your existing long position. If the price manages to break above the 1.0750 resistance...
This morning, the global gold prices extended their drop, as spot gold decreased by 8.8 USD to reach 1,968.7 USD per ounce. Gold futures were last recorded at 1,973.5 USD per ounce, marking a 15.1 USD drop compared to yesterday's morning prices. The resurgence of the USD during the evening trading session on November 7 reduced gold's attractiveness to buyers...
#XAUUSD: Bearish Comments - November 9 🔴ENTRY SELL: 1960-1964(STOP: 1973) ✅Target date: 1931 ✅Distant goal: 1900 ---H4 frame, gold fell sharply and completely broke through the 1960 support zone yesterday, clearly identifying a downtrend. Meeting yesterday's expectations, gold reached 195x. ---On the H1 frame, the price is currently showing signs of a short...
Patrick Harker, President of the Philadelphia Fed, stated: At the most recent FOMC meeting, supported a steady interest rate approach.There are no immediate plans by the Fed to lower interest rates, so they will remain high for longer.It's time to evaluate the effects of previous interest rate rises.Depending on the statistics, the Fed may decide to raise or...
BoE Governor Andrew Bailey stressed the importance of maintaining stable interest rates to combat inflation in the UK. Given the repercussions of prior rate hikes, tightening policy conditions could potentially exacerbate inflation and further weaken the job market in the UK. Earlier this week, currency markets adjusted their expectations for a potential rate cut...
Hello, everyone. I hope you're all having a great start to the week. Let's analyze the GBPCAD chart and explore a potential selling opportunity in this pair. However, please keep in mind that since we've also posted another idea for EURCAD, it's advisable not to take both of these ideas simultaneously, as it could increase your risk and disrupt your money...
NZDUSD is experiencing its second consecutive day of losses. The D1 candlestick chart from yesterday displayed a downward trend with a modest lower shadow, indicating that selling pressure was relatively subdued. The price is currently rebounding from these declines. NZDUSD's daily chart continues to exhibit a sideways consolidation pattern. While the hourly H1...
Selling pressure came back into play for GBPUSD in the recent session as the price got closer to the 1.2400 resistance zone and produced more clear bearish indicators. Nevertheless, the earlier reversal signs, such as the double bottom pattern and the breakdown of price structure, remain intact. Therefore, it's advisable to maintain your current long positions...