arsalankb32238

arsalankb32238

Bullish engulfing trendline break fib support high rr setup

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Bearish Indicators: Crab Pattern in creation AB=CD in creation Kind of rising wedge Resistance zone above

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Gold is showing Bearish indicators including Rising Wedge . It is also just below strong resistance zone . Moreover, There is also a Bearish Divergence on 1 D TF.

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Plan a: short if the price gets rejected by resistance With a bearish candle along side any bearish Candle stick pattern Plan b: If market breaks the 2 resistance zones, We can take long position.

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Plan: We will wait for the price to break the trend line resistance(4 h) And make any bearish candle stick pattern. Furthermore, we will wait for a confirmation candle as well. 2% risk can be taken as The setup has high probability

arsalankb32238

EurJpy can go either way. Take a long trade if the resistance is broken. Take a short trade if the resistance rejects the price.

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Many bearish indications like Inverted Hammer 0.786 Retracement Rising wedge and many more

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Rising wedge pattern is created which indicates towards a reversal. The pattern is supported by three black crows candle sticks pattern. Moreover there is a divergence on RSI as well.

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AUDNZD seems to be moving in bullish rally. Two trade plans are identified in the chart for short as well as long positions. So one can trade as per given levels in the chart

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In an upward trend, bearish divergence is formed indicating a downward move. Hence a short position can be initiated here.

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New HH and HL are formed showing an Uptrend, 1D Support, Bullish Morning Star Candle formation and Fib Retracement Support 0.78 are all indicators for upward rally. Hence long position can be taken here.

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In a downtrend a short position can be initiated, as 4H Resistance is tested and trendline resistance is also nearby.

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Head and Shoulder pattern is formed and neckline support is broken. so short can be initiated here.

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In a downward trend, trendline resistance is tested and short position can be taken here.

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In a bearish trend, A trendline resistance has been tested so a short in AUDCHF can be initiated here

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Bullish flag is formed that indicates continuation of trend. Hence a long position can be initiated here./

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A trend reversal Double Top Pattern is completed and neckline is broken. Hence a short position can be initiated here

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Bearish pennant pattern is formed in AUDJPY. Indicating a downward move trend continuation.