Priceactiontrading
IBHFL - LONGIndiaBulls Housing Finance has formed ascending triangle on daily chart.
It is also showing some signs of taking support at a previous demand point, which makes a good statement to go long.
GBPAUD AnalysisExpecting a bullish retracement on GBPAUD to 1.89877.
On the daily, the market is also respecting a bullish order.
On the weekly, price has broken our trendline after three touches but the breaking candlestick didnt closed as an inside bar, no clear rejection from the upside. A close below the low of the candlestick should give a clearer bearish momentum.
EOS USDTeos is in the important place , if eos break the line then we have a good position with the best R&R, dont miss it ;)
FETCH FET/USDT - Long - Do not sleep on this!FETCH FET/USDT - - Long - Do not sleep on this!
For those that have been following me, I hope you have been taking profits along the way! As you know I only trade with a minimum of 5 confluences including price action. No indicators!
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Thanks
TraderPaps
BITCOIN should attack 50 000 this weekend!The price of Bitcoin is directly at the POC level. This means that it is very difficult to determine the subsequent direction of movement.
Logically, the BTC should drop to around 48,200, where the level is 0.382 of Fibonacci retracement and at the same time there is a Pivot point, which often acts as a magnet.
From this level, there should be a rebound and breakthrough of the POC, if this happens, our goal will be the level of 50,000, which is a strong psychological limit.
In addition, the resistance R1 is around 50,000 and it is also a historically strong distribution area.
Bitcoin is known to sometimes ignore technical analysis and behave irrationally, in which case sudden growth is possible without correction and breaking the 50,000 straight line.
We are bullish for this weekend.
More info in our channel.
Happy trading, UCT team.
Nifty50 Prediction & Analysis [30 Aug 2021]Nifty Prediction and Trade Setup for 30 Aug 2021
Long Setup:
Case 1:
Buy Nifty if it stays above 16725 for some time and breaks out of the range for a Target of 16750 followed by 16815
Case 2:
Buy Nifty if it stays and consolidate near 16630 for some time and breaks out of the range for a Target of 16675
Short Setup:
Short Nifty if it stays below 16675 for some time and breaks out of the range for a Target of 16625
XAUUSDIn Gold we can see after drop from 1909$ price is struggling between 1784-90 today is very imp news data coming from us lets talk about technical levels of gold and expected move. Here we can see price is respecting its support of 1883 a strong trend line and alse double bottom formed. Here we have two senario if price break this support than it goes to 1777 and strong support if break 1777 than wait for retest of support now as a reistance and than entr short position in xauusd. 2nd if price respect this double bottom than you can entr buy position SL below trend line and double bottom 1780 and you take profit is 1797 and 1800 and 1810....