Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Pinbar Rejection Candle of lower prices before strong upmove, shows buyers coming in to support the price action Our Trade Setup will be: EP: 1309.35 SL: 1306.85 TP: 1311.85 Best Regards, Nour...
Reason: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Overall down trending – will only be keen to take short positions to go with the trend 3. Prior support turned resistance level 4. Significant Pinbar rejection candle before down move Our...
Reason: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Overall up trending, recently price broke out of sideways congestion area – will only be keen to take long positions to go with the trend 3. Prior resistance turned support level 4. Significant...
Reasons: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Overall down trending – will only be keen to take short positions to go with the trend 3. Prior support turned resistance level 4. Significant Pinbar rejection candle before down move Our...
Reason: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Seems to be the start of a downtrend – will only be keen to take short positions to go with the trend 3. Prior support turned resistance level Our Trade Setup will be: EP: 1.3240 SL:...
Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Overall up trending, recently price broke out of sideways congestion area – will only be keen to take long positions to go with the trend. Note: On a longer time period, it’s still down...
Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Open Drive at EP - Price was driven aggressively in an uptrend direction 3. Prior resistance turned support level Our Trade Setup will be: EP: 0.009789 SL: 0.009304 TP: TBD Best Regards, Nour...
Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Many lower wicks can be seen on the candlesticks before up move initiated – minor price action factor but shows buyers coming in to support the price 3. Prior support turned resistance level near...
Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Prior resistance turned support zone at EP 3. Many lower wicks can be seen on the candlesticks before up move initiated – minor price action factor but shows buyers coming in to support the price...
We are looking to take a short on USDCHN as we are of the belief that RMB will become stronger in the coming months. Our short EP will be at 6.8817 Reason: 1. Prior consolidation before strong down move, shows hidden selling activities at this region - sellers will be likely to defend their positions at this level 2. Significant pin bar rejection candle...
GBPJPY is now approaching a mega resistance zone, highlighted by the red box. With price action bullish for the past few sessions, probability is high that there will be a minor correction here to flush out weak players before continuing its uptrend momentum. Question is, whether should we short? Personal preference, given it had already broken through the...
Reason: 1. Prior consolidation before strong up move, shows hidden selling activities at this region – buyers will be likely to defend their positions at this level 2. Strong uptrend move – aggression of the buyers shown 3. Prior resistance turned support level Our Trade Setup will be: EP: 15.90996 SL: 15.86 TP: 15.95796 Best Regards, NourCapital - Tracking...
Reason: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Strong uptrend initiation move – aggression of the buyers shown 3. Minor Pinbar candle prior to up move – rejection of lower prices by buyers, additional conviction 4. Prior resistance turned...
Reason: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Strong downtrend initiation move – aggression of the sellers shown 3. Prior support turned resistance level at EP – highlighted by the yellow circle Our Trade Setup will be: EP: 1.3257 SL:...
Reason: 1. Prior consolidation before strong up move, shows hidden selling activities at this region – buyers will be likely to defend their positions at this level 2. Overall down trending – will only be keen to take short positions to go with the trend 3. Prior support turned resistance level near EP – rejection candle highlighted in yellow broken Our Trade...
Reason: 1. Prior consolidation before strong up move, shows hidden selling activities at this region – buyers will be likely to defend their positions at this level 2. Strong uptrend initiation move – aggression of the buyers shown 3. Prior support turned resistance level at EP Our Trade Setup will be: EP: 24541 SL: 24048 TP: TBD – We will actively monitor...
BNB/BTC is in our watchlist to long. What we like about this chart: 1. Volume is increasing as Price Action is gaining uptrend momentum 2. Price Action is now above both 50 and 200 ema – only look to long 3. We will revisit this chart when price action retrace back to the 2 demand zone as highlighted by the blue lines, take note the lower support level is much...
Reason: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Minor Pinbar Rejection Candle before down move 3. Prior support turned resistance level at EP 4. Overall trend for past few days – down, thus only look for shorts will be of greater success...