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Here are the reasons behind the trade Uptrend Price moving in ascending channel Will test the 0.68 fib level then execute the order

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The main reasons to take the trade are: -Uptrend -Price in ascending channel -Currently testing trend line support

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Following are the reasons to take the trade: Uptrend Ascending Channel Price crossing HH

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The major reasons to take the following trade are: -Uptrend -Price at 0.38 fib level -Ascending Channel

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Reasons to execute the sell limit order -DownTrend -Price moving in descending channel -Trigger order when price reaches at 1.26344 which is the confluence of trendline and 0.38 fib level

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A bullish engulfing candle has formed at the lower point of USDJPY. The strong buying implse is created by the buyers so a uptrend move can be interpreted form that. A long trade would be ideal at this price point.

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EURCAD has made bullish hammer at 15min at the LL. This scenario is perfect for taking a long trade form here.

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A bearish hammer is formed at the 15 min time frame of the usoil. This hammer is formed at the HH of the chart so a small pull back is expected form here. A small trade of short can be taken from here.

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A bearish candle is formed at the HH of the gold on 1hr time frame. It shows a downward moment in gold in near future. On this basis a trade in short can be open with a small risk to reward ratio.

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BTC is making HH and HL at 15 min time frame, a bullish candle has formed at the new HL which indicate the strong uptrend. On this basis a long trade can be exectured from here.

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Eth is making lower lows and lower highs on 1hr time frame that shows the bearish behaviour of the eth. A short trade can be taken from this price point with the sl slightly above the previous lower high and tp would be near the current lower low.

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Gold is making lower lows and lower high on 1hr time frame. This pattern is an indication of bearish trend according to the Dow theory. So a short trade in gold can be taken from here. The possible tp of this trade should be below the current lower low and sl would be slightly above the current lower hight.

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GBP is making hower lows and lower highs on the charts which shows the downtrend of this script. According to dow theroy we can take a short trade from this point and tp will be the next lower low of the chart and sl would be the previous lower high of the script.

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BTC is making lower lows and lowers high on 4hr time frame, which suggests the possible new lower high. On the dow theory basis we can take a short trade from here.

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Usoil is making a series of LL and LH, according to dow its bearish and price will soon make a new LH. A short trade can be taken from this price point.

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The price will likely go around 28620 to test the nearest resistance because of the following reasons: RSI Currently, the price is at 37 on RSI so will definitely go to 70 and above thus the price will go upside. Parallel Ascending Channel Price is moving in a channel and currently at the support of this channel. we can see a bounce back from this level to the...

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First of all, let's discuss the 1D time frame. The primary thing to notice here is the bull rally of the BTC. Price is moving upward by making HH and HL as per DOW theory. Price is moving in a parallel ascending channel and respects the lower trend line of the channel. One thing to notice here is that Price did a fake-out on 10 March by making a LL and then...

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Downtrend Short on LH Price rejected from channel resistance R:R 1:2