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Sell GBPCHF Head and Shoulders PatternI have posted about this in my previous idea on 22nd of June saying there is a Head and Shoulders pattern on the 4H timeframe. Now price is breaking the neckline to complete the head and shoulders formation. Now is the time to sell at the close of the current candle.We also have RSI divergence giving extra confluence. I believe we don't need this large stop loss that I have said in my previous idea (which was 1.14444) but instead a tighter stop might be better and make more sense of the current long bearish candle. Trade Setup: Entry - At the close of the current candle Stop Loss - 1.14124 Take Profit - 1.11679 Good Luck and happy trading.
Short
by fayezhazzem
GBPCHF Head and Shoulders PatternThere is a head and shoulders pattern on the 4H timeframe on GBPCHF that has formed at a resistance level and now starting to show weakness as the uptrend runs out of steam.However I strongly recommend waiting for the neck line to be broken first and then enter a short trade.Also another confluence for this trade is the RSI divergence suggesting a downtrend.The trade setup for this would be to enter at the break of the neckline(wait for candle close) which is also a flip zone( resistance turned to support) and set stop loss at 1.14444 and take profit at the second support level at about 1.11679 Trade Setup: Entry - at the break and close of neckline Stop Loss - 1.14444 Take Profit - 1.11679
Short
by fayezhazzem
CANDLESTICK PATTERNS CHART SHEETCandlestick patterns need to be one of your trading arsenal's most effective weapons. We can determine the direction of the market using several candlestick patterns. All timeframes exhibit these patterns, but the daily candlestick patterns seem to be the most reliable. Once you recognize these patterns, you may be ready for your next move and use other tools to join the market, including the previously discussed MA approach and flag patterns (see attached charts). This chart is just for information Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
14
ADAUSDT LongTime Frame: 4H Symbol: ADAUSDT Entry: 0.2769 TP: 0.3091 SL: 0.2548 Bias: Long Giving constant or future gauges for monetary markets is troublesome. It is essential to take note of that monetary business sectors are profoundly powerful and dependent upon a large number of variables that can influence their developments. Thus, it is unimaginable to foresee their future exhibition with sureness precisely. We have given our all to extend plausible course on the chart.
Long
by NationCryptoSignals
ELECTROSTEEL CAST - AN INVESTMENT PICKHEY FRIENDS, Here I am sharing my views on ELECTROSTEEL CAST (NSE). First we understand the overall past structure of this stock as per ELLIOT WAVE counts. The stock was in double correction phase in the Wave structure as WXY which is now completed and now we are in Impulse wave structure of 1-2-3-4-5, in which Wave 1 and 2 are completed and now we are unfolding bigger wave 3 of impulse wave 1-2-3-4-5. The overall structure is given below Now as per price action and chart patterns, the stock has given a breakout of FLAG N POLE Chart Pattern with good intensity of volume in weekly time frame. This pattern suggest that the stock may move towards north approx. to the size of pole. As we see that there is bullish bias for this stock, the supporting indicators such as MACD, BOLLINGER BANDS and DIRECTIONAL MOVEMENT INDEX are also in our favor in double time frame. MACD in Daily Time Frame - Positive Uptick MACD in Weekly Time Frame - Positive Uptick At the time of Breakout, the Price is Challenging Upper Bollinger Band Directional Movement Index is also Positive Uptick in weekly time frame Summary- The Stock is in Uptrend and now this stock is ready as BUY ON DIPS so one can add this stock in their portfolio at any dip you get with the Stoploss of 26.50 RS Thank you -KARAN DINGRA DISCLAIMER - I am not a SEBI registered analyst. All my studies are for educational purpose. I am not responsible for any kind of your profits and losses.
NSE:ELECTCASTLong
by KARANN_DINGRA
2