1.inverted HNS 2.uptrend 3.upmove after retracement 4.good risk reward
1.bullish engulfing 2.100 points upmove possible with 50 points sl 3.strong support zone
suntv formed more bullish type of pattern on bottom. we can see below 1. double bottom 2. bullish engulfing 3. tweezer bottom with double pin
Wedges are reversal patterns. A clear downward-sloping channel is interrupting a slight uptrend, so, on a breakout, we will take a bullish position. Conditional on high volume, our price target is half the height of the wedge, With a height of 7.70, the height of the breakout will be 3.85 above the upper trend line at the point of penetration. We are watching to...
BEML Inverted HNS pattern breakout positional buy near 980 with sl of 944 target 1109- 1205
INTRA : UPMOVE STRICTLY above 775 with sl 765 for 783-793
INTRA:UPMOVE STRICTLY above 1243 sl 1234 for 1250-1258
Look at this really interesting chart of Soybeans. I entered long Corn almost a week ago and I was waiting for a good signal on soybeans. The price reached the rejection line of the descending channel. Volumes dropped on the last down move, and the 14 periods RSI shows a strong divergence. I believe a break back above 900 dollars would be a strong bullish signal.
AUDUSD is trading at the relevant highs above (but close to) upper 1st standard deviation from weekly (120-hour mean) -- which is a border of potential uptrend. However volatility is still compressing (measured by 3.2 standard deviations from weekly mean), thus risk of mean revertion downward is still there. Traders can pick longs close to the relevant highs...
It bounced off the uptrend line and got to 337, the current retracement seems to be pulling back onto the uptrend line. It could re-test 337 or break it to test around 400.
337 is an important level to break at the moment, from the beginning of this channel it has been a strong swing level. If it breaks it could test the downtrend line around 400.