- We see a Head & Shoulder Reversal Pattern. - At the break of Neckline, we will sell with 1:1 Risk Reward - You can take two trades, one with 1:1 and the other with 1:2 - Take 1% of your equity risk
- Support & Resistance Level - Earlier it was support, now acting at resistance - We can see Bullish Divergence - We could buy instantly but to be on safer side let's wait for the break of the resistance level - There is also double bottom reversal pattern too - Put buystop, SL and TP1, TP2
- We will take 1% RR trade at the 50% retracement price because we see support zone - There is no Divergence which could tell us that the price might go down at upper resistance level - I could have taken 1:2 RR but I doubt price might go down at the resistance zone. - Put Buylimit, SL and TP1 - The US Index shows Bullish
A sell position for GBPCHF We will place a sell stop at the break of the previous HL and then SL at the HH. The chart will be updated as the prominent HH is formed.
Sentiments show that this is going to be bullish. We can see the divergence and if the parallel channel/trendline is broken which is 23% Fib line too, if that's broken, we will take buy trade.
EURCHF will go bullish and we will put the buy stop at the break of the previous LH. We can see a double bottom with a strong bullish divergence. This will go up to TP1 and TP2.
We will put the Sell Stop at the break of previous HL and if there is any Head & Shoulders pattern formed, we will need to make our entry even more precise which will hit our TP quicker. For now, I don't have much time to look at this chart, therefore I have put the sell stop but if any reversal pattern is formed, we will change our Sell Stop position and TPs.
The trend has reversed after the Bullish Divergence and we will put the buy stop order at the break of previous HH. Currently it's forming Bullish Flag and now it will go up.
CADJPY - Sell based on Divergence and Bearish Trend
The sentiments shows that more than 90% are buying the CADCHF and if it breaks the top resistance shown in chart, it will go up. We will put the BuyStop and no the instant buy because there are many Resistance level where the price may come down.
We will put instant short on this pair because the trend is going to go down after the divergence. We see a hammer at the top of LH and now it will go down.
The trend will hit the S1 and then go up, will continue to make triangle shape.
Long-Term Investors on EURUSD Should Short or wait until March/April Historical Characteristics of EURUSD: - The price goes up for around 9 or 10 months - The price continues to go down for ~20 months Current Scenario: - The price has completed 9 months of a Bullish trend - The price will continue to go down by the middle of 2025 - The long-term investors...
GBPUSD - Selling at 38.2% Fib Retracement with SL as pervious Lower High and TP1 and TP2 with 1% risk-reward ratio
Bearish continuation, No divergence Bearish Graph Instant selling based on DOW theory
Instant selling as graph is making lower lows and lower highs, there was no divergence.
Put buy stop at the break of neck line of double bottom.
EURJPY - Sell stop after divergence The trend will reverse if the sell-stop limit is broken.