AVN:PXS is presently in downtrend, printing LHs and LLs however on 31 Aug 23, it failed to establish a new LL are started consolidation. Bullish divergence on RSI is also observed on 1D as well as 1W timeframes establishing a confluence on a likely bullish reversal upon breaking above the previous H as marked on chart. Suitably, SL and TP have been marked on chart...
SHEL:PSX was in short term uptrend as it printed few HHs and HLs however, on daily timeframe it has shown bearish divergence on RSI. It is also at a key resistance level right now and is most likely be prevented from further upside due to the existing resistance level (as marked) as well as the divergence on RSI. Short entry has been placed on downward break of...
EURUSD is presently in downtrend as it has been printing LHs and LLs on 1H timeframe. However a bullish divergence has been observed on RSI on the same timeframe, as marked on the chart. Therefore, it is expected that the trend is likely to reverse now. Furthermore, approx 89% of the market has bullish sentiments on the currency pair as of right now.Accordingly, a...
BNBUSDT is presently in downtrend as it is printing LHs and LLs on 1D timeframe. However, bullish divergence has been observed on RSI on same timeframe and it is also noticed that the coin has been unable to break its last LL as of today. Both the conditions are indicating towards a possible bullish reversal. Therefore a long entry upon break of price above...
AIRLINK:PSX is presently in downtrend on 1D timeframe as it has been printing LHs and LLs. NO divergence has been observed on RSI. Presently, last daily candle is being seen retracing from 61.8% fib at the end of corrective move and is likely to continue its impulse move from this point onwards till our marked targets. Therefore, an instant short position has been...
CNERGY:PSX is presently in downtrend in 1D timeframe. However a bullish divergence on RSI indicates an end of existing trend and a likely bullish reversal. Long entry through buy stop has been marked above previous swing high. SL has been suitably placed below last LH. TP has been set @ 1:1 RRR.
MLCF:PSX was analysed on 1D time frame and has been observed to print LHs and LLs. Simultaneously, bearish divergence is also evident on RSI. Therefore a short entry through a Sell Stop order has been on price breaking down below that last LL. SL has been placed above 61.8% fib level of swing as it hasn't completed forming the new LH. It may be adjusted in coming...
USDSEK is moving sideways on 1H time frame and bearish divergence has been observed on RSI. Upon further scrutiny, a rising wedge reversal pattern is observed. A short entry is planned on break of last swing low and downward breakout of the wedge pattern. SL and TP have been set accordingly.
GBPUSD is presently observered to be range bound on 1H timeframe. However, a slight bullish divergence has been noticed on RSI indicating a likely upward breakout. Betting on the bullish reversal, an entry has been planned on breakout of R2 whereas SL has been placed below S1. TP has been suitably placed on 1:1 RRR.
NZDCAD has been observed to show Bullish divergence on 1H timeframe alongwith a Bullish Reversal pattern (Falling Wedge). Accordingly, Entry through a Buy Stop order has been placed upon: 1. Upward Breakout of Wedge 2. Upward Breakout of H of Wedge. SL and TP have been suitably placed.
EURNOK was observed to be undergoing corrective move during downtrend on 1H timeframe. However it has been noticed to retrace from 38.2%fib and is likely to continue impulse move of downtrend. No divergence on RSI has been observed. An instant sell order has been placed on retracement from 38.2%fib ; SL and TP have been proportionately marked on chart.
USDJPY is presently in uptrend as it is printing HHs and HLs. A rising channel is evident on 1H chart. No divergence on RSI has been found. Therefore a long entry through instant buy has been placed with proportionate SL and TP.
EURCAD is presently in downtrend, printing LHs and LLs. However a bullish divergence has been notices on RSI on 1H timeframe alongwith a rising wedge bullish reversal pattern. Entry has been placed above upward break of wedge and previous LH. Suitable SL and TP have been marked on chart.
USDCHF is presently in uptrend, printing HHs and HLs. However, a bearish divergence has been observed on RSI on 1H timeframe alongwith an Ascending Wedge (Bearish) Reversal pattern. Entry has been place on downward break of wedge and previous HL. SL and TP has been suitably placed.
EURUSD is presently in downtrend and printing LHs and LLs. However, a bullish divergence has been noticed on RSI on 1H timeframe along with a falling wedge Bullish reversal pattern. Accordingly, an Buy Stop long entry has been marked on chart with suitable SL and TP. Entry shall only be made once previous LH is broken towards the upside.
XAUUSD was previously in downtrend, printing LHs and LLs. However a bullish divergence has been observed on RSI on 1H timeframe. On further observation, a falling wedge bullish reversal pattern was also seen forming confirming our bullish bias. Entry has been confirmed by upward breakout of the pattern; long entry is placed upon breakout of previous LH through a...
GBPUSD is presently in downtrend as it is printing LHs and LLs. NO divergence is visible on RSI on 1H timeframe. Moreover, it has formed a bearish flag (continuition pattern) on same time frame. The downtrend is likely to continue, therefore a short entry through Sell Stop has been set upon downward break of flag-pole on chart with suitable SL and TP.
USDCAD is making bullish AB=CD pattern, PRZ has been marked on chart. Instant sell has been placed after formation of Shooting Star Candlestick pattern with suitable SL and TP1 and TP2. Long Entry shall only be triggered upon reversal from PRZ and upward breaking of point B. In that case, SL shall be below point D.