Mandeep.Singh

Mandeep.Singh Updated 

The pair is a clear downtrend on the daily, 4 hour and 1 hour charts. We are forming lower highs and lower lows. Price has rejected the downward sloping trend line acting as resistance twice. On the daily, 4 hour and 1 hour chart we have bearish engulfing formations. There is also confluence at the 0.50% fib level against the resistance line. Lastly, the...

Mandeep.Singh Updated 

I believe there is a long opportunity for this pair. Firstly, price has broken a key trend kind acting as resistance which, on the daily chart, is a boundary for unstructured rectangle consolidation. We have a clean pierce though on both the 4 hour and 1 hour charts with a bearish hammer and 2 bullish candles. There was also an inverse head and shoulders pattern...

Mandeep.Singh Updated 

Descending triangle breakout to the upside. Strong bullish movement with bullish engulfing on the 1 hour followed by a strong green candle where buyers were in control.

Mandeep.Singh Updated 

The pair is currently around a key trend line. Price has attempted to break through twice but hasn't held it's ground. We have a bearish hanging man on the 4 hour chart which signals a reversal and movement to the downside. Stochastic is also in overbought conditions. The most previous candle on the 1 hour chart was a doji indicating weakness from buyers to the...

Mandeep.Singh Updated 

Reasons for buying this pair: - We are in an uptrend on both the daily and 4 hour charts. - Price has been gradually climbing, consolidating and climbing again. - Price has been putting in higher highs and higher lows. - Price has been testing but failing to break through the upward sloping trend line acting as resistance. - The horizontal lines seem to be...

Mandeep.Singh Updated 

Slightly late on the set up as I missed the morning session. As you can see the pair has been in a symmetrical triangle forming converging highs and lows. Price broke through the upper trend line acting as resistance and now we should see a move up to the next structure high. A lot of bullish movement with 3 bullish soldiers. RR isn't excellent as I got in on the...

Mandeep.Singh

After a bottom, the market is trending up. On the 4 hour chart, price has broken a key resistance line and is now acting as support. Simple price action + support and resistance zones tells me that this pair is heading up to the most previous structure high around 1.48244. On the 1 hour, the 2 most previous candles are bullish with a nice hammer formed on the...

Mandeep.Singh

With crude oil price falling, I believe there is an opportunity to buy this pair. The pair is clearly in an uptrend if we look at the daily chart. Price has created some good support and resistance areas which have been tested and broken. As price action broke through the most recent area of support turned resistance, it's formed a parallel channel to the...

Mandeep.Singh Updated 

EUR/USD has been ranging in between support and resistance areas. The most recent break of resistance caused a pullback to test the same line. It didn't manage to break through and formed a nice bullish candle on both the 4 hour and 1 hour charts. We also have upward Stochastic movement on both the 1 hour and 4 hour charts so I believe this pair will go back up to...

Mandeep.Singh Updated 

The pair is ranging within a channel slowly moving to the upside with higher highs and higher lows. Bounced of key resistance areas action as support and resistance. The most recent test of the support line formed an candle with long lower wick signalling buying pressure. The dotted line seems like resistance turning support and I believe the pair should move...

Mandeep.Singh Updated 

This pair is ranging within a rectangle and has been in this type of consolidation movement for a while. The upper resistance line has been tested 4 times and price has failed to broke through indicating it's strength. On the 4 hour chart, price has tested this resistance level and bounced off of it forming a shooting star. Every time this level has been tested...

Mandeep.Singh Updated 

After previous downtrend, the pair has broken 2 resistance points and is putting in bullish candles. On the 60 minute chart, price broke through horizontal resistance line, pulled back underneath and rallied back up forming a bullish engulfing. Stochastic indicator is also heading upwards so I believe the pair will head higher.

Mandeep.Singh Updated 

This is a longer term trade. The pair seems to have come to a bottom and formed a nice inverted head and shoulders pattern. There is also some great bullish activity with on multiple time frames in terms of price action. Anticipating a smooth ride up.

Mandeep.Singh Updated 

An opportunity to sell this pair as it's broken through a support line during a downtrend. The 4 hour chart is showing strong bearish price action and I believe the pair will head down to the next structure low and support area. The other possibility is that when markets open, price could come back up and head towards upper resistance line. However, on the 1 hour...

Mandeep.Singh

The pair is in a downward parallel channel forming lower highs and lower lows. As you can see there are lot of lines on this chart highlighting (in my opinion) key support and resistance areas where price has tested. The most recent lower high tested the dotted resistance line, bounced off and then formed a bearish engulfing after the spinning top. It's also in...

Mandeep.Singh Updated 

This pair has broken out of consolidation from a previous rectangle to the downside. It has been forming a nice downtrend with lower highs and lower lows. Price has tested downward sloping resistance and formed a nice shooting star followed by a bearish engulfing. There also seems to be an area of interest which may be support turned resistance. The Kiwi dollar is...

Mandeep.Singh Updated 

Very simple price action, uptrend seems to be resuming as there has been higher highs and lower highs. I believe price will hit key resistance level and previous structure high. Stochastic also seems to be crossing over. Doji formed on the most recent lower high when sellers tried to drive the price down but failed followed by a bullish engulfing.

Mandeep.Singh Updated 

This pair is heading for news in the next few hours and days. I believe it's a bullish pair at the moment as Kiwi sentiment is low. In the past 12 days, 11 of those days have seen the NZD trade lower against the greenback. The pair has also failed to closed below the 0.764 fib level and even though it's broken my subject support line, i believe the pair will rally...