Price has broken the golden zone. If the price breaks through the reversal point and close below the same, it marks the start of a downtrend. A good sell position would be after a corrective wave.
Hi Traders, We can short Euro dollar for a target of 90 pips from the mentioned entry levels. Anyone can enter a trade only if u get a confirmation in the form of a bearish candlestick pattern at these levels in a 1h chart.
Hi Traders, We can short Aussie dollar for a target of 90 pips from the mentioned entry levels. Anyone can enter a trade only if u get a confirmation in the form of a bearish candlestick pattern at these levels in a 1h chart. Happy Trading... For any queries comment bellow.....
Hi Traders, This will be a tutorial on how to trade the bullish engulfing candle. Here are some points to check before trading a bullish engulfing candle:- 1. Trade this pattern only after a previous downtrend, or it can be an exhaustion candle which will result in loss. 2. The Engulfing candle has to break through and close above a key level or it can result in a...
Hi Traders, The price of Adani Ports is heading towards critical resistance at 329.50 - 330 levels. The price got a pullback from 1 deviation bollinger bands. The break of this resistance level can result in the price testing 335 levels. Happy Trading.
Hi Traders, TATA MOTORS is now testing a critical resistance at 119.15 - 120 levels. The scrip is now trending upwards and the bollinger band expansion shows price can break this level soon. Happy Trading
Hi Traders, GBP USD is showing a reversal indication as per the daily chart. We can enter only after confirmation, that is if we get a candlestick pattern at these level in a 1h chart. Happy Trading.... For queries comment below.
Hi Traders, Aussie Dollar is showing good opportunity for a buy, only if we get a pullback from 20 ema or a fake breakout of 1deviation bollinger band. If this condition is met, we have 2 price targets. if price fails to close above 1st target on the initial attempt, it is safe to exit at this level. If price breaks through the 1st target the n its more likely to...
Hi Traders, if the current running 4h candle ends as a doji or a green candle, we can expect a fake breakout of the trendline. This pair is still in an uptrend as per higher timeframes. This trendline seems very strong and we think this trendline cant be broken until price test the 0.97500 mark. Pls feel free to comment.
The deciding factors of Fake breakout are:- 1. Major and Minor trend 2. Key levels. Fake breakouts often happen in a ranging market ie when the minor trend is opposite to the major trend. Example:- when u see a minor downtrend in a major uptrend, we can expect a fake breakout from a key level. Key Levels can be previous support and resistance, fibonacci lines,...
AUD CAD broke a major key level @ 0.95000 on 21-07-2020. This level has been re-tested on friday. So we came to a conclusion that the price can test the next major resistance @ 0.97500. The trendline was also respected. We can expect the bulls taking charge of this pair next week.
As per higher time frames the pair is in a strong uptrend, the current downfall is because of profit taking happening in the pair. For Exact entry for this 100 pip rally pls like and follow.....
As all the higher time frames indicates an uptrend, we have a short term bullish outllook on the pair. ATR is at a low indicating a strong move is ahead. We are waiting for a strong signal to buy the pair. Please like and follow for further updates on this pair
As per the daily and weekly chart, AUD USD shows an uptrend. The 4h chart indicates a potential upward move of 29 pips. The Buy Signal is Triggered @ 0.69558, with a target of 0.69848 and a stop loss placed at 0.69268.