The AUD/NZD market has traded in a range for a long period of time but at the moment, we currently can observe price reached as resistance. Price clearly rejected the resistance above, This could be a great entry on the short term for more sells.
CAC40 opened With massive Gapdown trapping all the bulls at higher level This must have forced the small leveraged Trader to exit Their Position at the lower rates forcing the index downwards. Index can Face Heavy Selling Pressure from tops All the trapped brave Traders who didn't exit their position in today's fall will be waiting for their prices on the...
Bank nifty started to travel in the parallel channel, the past week was only the pullback it's not the trend reversal. it's better to stay in the sell-side.
mostly concentrate only in sell side, don't go for buy side. nifty still in selling pressure
Global uncertainty around coronavirus puts USDJPY under selling pressure, which might continue.. Joining bears between 108.9-109.27 price zone with 108.1 T/P provides decent R:R (at least 2.16). // Feel free to share your opinion/position via comment and follow me to stay updated.
Position entry UBER Nov15 31.5/30 vertical put before earnings (Nov4) and lockup expiration (Nov6). UBER has now found buying support around the $27 range as it has moved around half a percent throughout the trading day following the lockup. The support may signal an end to the selling pressure of the lockup expiration with the increased float (80%) of shares on...
GBP/NZD has reached daily resistance zone (green) and this is in line with the descending trendline from weekly resistance (purple). Also the rising wedge also indicates selling pressure.
The daily chart of EUR/AUD formed a double top pattern and made a strong downside. The counter experienced a pullback and moved to double top’s support level. This zone could face some serious selling pressure and we expect the counter to move towards the next support zone of 1.56216.