EURGBP: What Are You Anticipating With This Volatile Pair?I am a swing trader, as you can probably tell from the timeframes I use in my posts. However, I do believe that EURGBP lends itself better to day trades or position trades, if you can stomach the movement. Considering it has made, for me, surprising reverses just when you think it would push further, I offer a couple of scenarios for both a sell and buy possibility. I do see EURGBP selling further but this is a pair you want to be prepared for movement in the opposite direction as well. Game plan, ready! What would be your move?
Trendlinebreakoutwithtarget
Will GBP/JPY Attempt to Push Higher?Due to it's failed attempts to break each Lower High and the Highest High, I believe it's time for GBP/JPY to sell further. Looking at it on the daily timeframe, I've identified areas of strong support that needs to be broken, preferably with a momentum candlestick and a close below from H4 to Daily. Target prices identified, coincide with the various structural supports as well as Fib Trend Extension levels with the final target being a possibility for price to "spike" into, reversing for a possible retracement.
View video for a full explanation and identified TPs.
Please "like" and feel free to comment with your own ideas or agreement!
Prism Johnson Ltd: Major Resistance Breakout with Strong Bullish📊 Prism Johnson Ltd - Technical View
🔍 Daily Timeframe:
Resistance Trendline Breakout 🚀
Huge Bullish Green Candle with significant volume 📈
📅 Monthly Timeframe:
Breakout of a long-term Resistance Trendline (since 2008) with massive volume 📊
📈 Indicators:
MACD: Buy Signal ✅
Oscillators: Buy Signal ✅
📉 Key Levels:
Stoploss : 190
Target 1 : 235
Target 2 : 245
Target 3 : 285
Disclaimer : "Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades."
#StockMarket #TechnicalAnalysis #Breakout #Bullish #PrismJohnson #Trading
Sumitomo Chem India Ltd: Weekly Breakout with Strong Buy Signal!📊 Sumitomo Chemical India Ltd - Technical View
🔍 Weekly Timeframe:
Resistance Trendline Breakout 🚀
Big Bullish Green Candle with volume 📈
📈 Indicators:
MACD: Buy Signal ✅
Oscillators: Buy Signal ✅
💵 CMP : 608
📉 Key Levels:
Stoploss: 570
Target : 1:3
Trail your Stoploss for the target of 1:3
Target 1: 630
Target 2: 660
Target 3: 700
Disclaimer : "Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades."
#StockMarket #TechnicalAnalysis #Breakout #Bullish #SumitomoChemical #Trading