Hourly
SUNPHARMA multi frame analysis. Bullish view.Hello Trader, Here is the full analysis of SUNPHARMA:
1) Monthly - crossed its monthly resistance which is now turned support.
2) Hourly - The stock is trading near to strong resistance/supply zone and can test is resistance for upmove.
3) Current retracement level is at 0.5 which is good level for prices to move up
Action
One can wait for the prices to cross the resistance level or if falling down towards trend line for entry.
Technical Indicators:
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish
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EUR/USD CHEAPER PRICE OR SKIPHello guys! Just an another update, hope ya’ll like it!
Yellow lines are last known support zones. If the zone is being respected, i am buying more! Long signal already occured at 1.1130 (See the moving averages)!
Price needs to be above moving averages to trigger potential buy, macd must be bullish.
Just my thoughts! Do not take it as a recommendation etc. You make your own decisions! That is my way to trade simple.
AUSSIE DOLLAR FOR A SHORT? AUDUSDFOREXCOM:AUDUSD
Note: (MARKET IS REACTIVE AND NOT PREDICIVE)
From a daily perpective, price has clearly rejected the resistance zone and has created a historical double top.
Price is also at a support zone and we can see a break in support
Since market price moves in waves, the price can break the support and retest the broken support before making a move to the target of 0.61764
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
With this 200 pips can be caught.
Also we see there are two uptrend lines which acts as a support, one has been broken, with a few candles the other will be broken. If this happens we can confirm with the strategy used to initiate a short position
Entries will be initiated using one hour or four hour timeframe.
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
GBPJPY ANALYSISFOREXCOM:GBPJPY
NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE)
(LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT )
From a daily perspective we can see market is in a bearish flow.
We can see that price has broken the support zone and may likely retest the support turned resistance as a common pattern of impulse correction impulse.
REMEMBER: THE MARKET MOVES IN WAVES, ALSO NEVER FIGHT THE MARKET AS WE ARE THE SMALLER THAN THE BANKS.
After the retest if that happens we can initiate a short position to the target of the lower box holding the bearish candle.
This will enable the trader to be on a risk free situation.
REMEMBER: MARKET IS REACTIVE AND NOT PREDICTIVE.
Monitor this pair from a 4Hour perspective for entries.
If you have any suggestion, drop in the comment section below.
EurUsd Hourly TradeThis trade is going to be the start of my paper trading account. Ive been watching charts for a few years now and its about time I get some "real" trades on. I will be making videos with the TradingView platform tracking the progress of a small account for a few months follow along if youd like.
Gimme hope Joanna gimme hope for this ship to turn around!Hey all,
As we can see the contago play is off and be aware that the street is always smarter than me and you and the good Q1&Q2 were already baked in the price. Oil production has been reduced a lot therefore it's price has found a balance over the last week. As more people return from lockdown demand will slightly rise but still with so big production cut i expect the oil to find a balance around here? So with so much stored oil.. the ship rates are going to go down for the upcoming 3-6 months. Last chance for STNG in the upcoming hours to see where this is heading...