Technical Analysis: The pair found buyers around the strong support level (1.59023 USD) and it reversed higher. It succeeded to break the wedge formation to the upside by the help of the buyers. A lower pullback could be seen to the highlighted zone before a new impulsive wave toward the Target Profit. ...
at the same with the breaking of the bold white trend line(dash line) and the stabilization of the price below this line and the registration of the new Low, we are witnessing a down trend . If the price can not be stabilized above the yellow horizontal line (1.221705), it creates the lowest low and can reach the targets (1.21546 / 1.21376 / 1.2190 / 1.20841 /...
Price formed a double top pattern Price broke neckline to make a new lower low by breaking structure Price then formed a Wave 12345 pattern with a breakout, followed by an LTF correction Waiting for price to breakout from LTF correction for an entry
$DASH | #Analysis | #StockMarket Price Target 190.37 🎯 Falling Wedge ✅ Trend Reversal with Volume Confirmation ✅ Bullish Engulfing Outside Bar ✅ Break above Clouds with Strong Momentum ✅ Entry on Break of 140.90 with Confirmation ✅ Invalidated below 131.19 ❌
Weekly: Ascending channel towards a resistance zone. Price could possibly form a double top pattern. Weekly candle closure wick taking out the previous top Daily: Double top at the upper trendline with neckline break, so need to wait for an LTF correction
Hi traders, this is a price action analysis of the PVR LTD Co. and i can see that there are some good chances to SELL CALL option at strike price :1700 and SELL PUT option at strike price of 1100 with strike date of 31 DEC 2020 we can see currently we are facing a heavy resistance zone and there are high chances that the market gets range or goes bearish if...
Another set up was provided today. I took this trade on the retest of a 15m level after getting confirmation on the 1D, 4H and 1H. Very simply, i waited for a key level to be broken on a clear trend and then went short once the retest of that key level started to show rejection. If you can keep your strategy simple you can repeat it easily, and this is key to...
1) Bullish structure 2) HSD pattern within the structure
90 Minute Time Frame: Price is testing support in confluence with wick rejection head and shoulders and a potential flag with a double bottom. (screen shot will be provided in gallery) if price manages to hold above, we can look to buy to 1960.00 and potentially 1970.00. However, if price manages to break support look to reevaluate price action. Due to the...
Overall opinion is to SELL .. A lot of confluence technical factors : 200 ema price down , trendline in place and price has closed consistently below 3.70 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 2.50. We are currently trading below the crucial 52 day low of 1.90 , so cautiously looking for a stable level of support to BUY,...
1) HSD Pattern at 15mins chart 2) multiple long wick rejections at 4hr chart 3) divergence 4) fib rejection from 71% level 5) Trend: downtrend
I know it looks like a very unlikely scenario despite of the all bullish tweets, but this is just my opinion. Only doubt about this setup is my stop point, not sure about it will reach the second x , so i'll watch closely that level and do a manual stop if that resistance fails.
you had to be up pretty earlier to catch this trade, but it came into my range and I entered, very precise entry with very little draw down. My ideal type of set up, highlighting the channel that price was stuck in, with a key rejection candle and clear momentum to the upside. let me know if anyone got into this trade or didn't see it, great to hear your thoughts
Happy Sunday Traders Gold is currently in a Uptrend and the market is above the 50EMA. Gold failed to close @1750.00 and in the process a Double Top has formed on the Daily Chart. For this reason, I'll be looking to short and enter this trade during the Asia Market Session. TP LEVELS= 1616.00 TP 2 = 1550.00 Recent Daily Support Level Zone= (1641.00-1645.50)
Depending on how price reacts to the zone above we may be looking at either a breakout or a sell at the top of the channel and resistance zone.