Hello traders. On this 1H analysis of AUDNZD, we have an ascending channel setup with a possible double top forming within the sell zone identified. If this double top setup remains valid (or any other good indication of a rejection out of the sell zone), a good place where price may go next would be to the support level in the 1.07020 region.
Hello traders. On this 1H analysis of AUDNZD, we have a double top setup. We can see that the price was rejected twice from the 1.0700 region, creating our first and second top. Also, the neckline was formed in the 1.06700 region. An entry reason for this trade would be a strong break and a possible retest of the neckline. The 1.06150 region is seen as a good...
Hello traders. On this 1H analysis of EURGBP, we have a double bottom setup. We can see that price was rejected twice from the 0.83870 region, creating our First Bottom (1ST BTM) and Second Bottom (2ND BTM). An entry reason for this long position would be a break and close above the neckline in the 0.84270 region. The 0.85100 region is seen as a good resistance...
Hello traders. On this 1H analysis of GBPUSD, we see the potential of an Inverse Head & Shoulder (I-H&S) pattern forming at the bottom of a descending parallel channel. The Left Shoulder (LS), Head (H) and the Right Shoulder (RS) have already been formed and we are now awaiting confirmation of the Neckline (NL) in the 1.34300 region. A good entry reason for this...
Hello traders. On this 1H analysis of AUDNZD, we have the potential of an Inverse Head & Shoulder (I-H&S) pattern forming at the bottom of a downtrend. The Left Shoulder (LS), Head (H) and the Right Shoulder (RS) have already been formed and we are now awaiting a break of the Ascending Neckline (ANL) shown by the yellow dotted line. A good entry reason for this...
Hello traders. On this 1H analysis of NZDCHF, we have a double bottom setup. We can see that price was rejected twice from the 0.64560 region, creating our First Bottom (1ST BTM) and Second Bottom (2ND BTM). An entry reason for this long position would be a break and close above the neckline in the 0.64870 region. The 0.65370 region is seen as a good resistance...
Hello traders. On this 4H analysis of NZDUSD we have a double top setup. We can see that the price was rejected twice from the 0.72150 region, creating our first and second top. Also, the neckline was formed in the 0.71370 region. An entry reason for this trade would be the strong rejection observed on the 1TF from the neckline in the 0.71370 region. The 0.70130...
this is nifty 1H TF view for tomorrow 26/10/2020 , pls share your view also in comment. #NIFTY