What we can see on the chart is a pull back for us to buy and take profit at that TP.
A bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
Pair:EUR/JPY Entry Type: SHORT Entry: 127.015 Tp: 124.152 Sl: 128.259 R/R: 2.3
Everything is all about Structure ............Price Dancing around Covid Gap.......
In my view, 2021 should be positive for the yellow metal, at better extent than the previous year .....
GBP/USD finished the year on the front foot amid a weaker USD. Sterling traders continue to mull the themes of UK lockdowns, vaccination and continued Brexit negotiations into 2021. We expecting to see those two scenarios play out.... Happy New Year... And All the best...
USD/JPY has been rising as the dollar recovers from the Fed's blow. Uncertainty about PM Abe's replacement, the global mood, and US inflation figures are eyed. Early September's daily chart is painting a mixed picture........................
GBP/CAD refreshes intraday low following its failure to extend previous day’s bounce off 1.7296 beyond 1.7332. Bulls may wait for fresh weekly high before taking entries.
Australian business activity deteriorated in August according to the Commonwealth Bank PMIs. The AUD/USD pair has continued to lose ground on LAST Friday, closing the week unchanged at 0.7160, as demand for the greenback remained firm. Despite being unable to sustain gain, the pair remains near the year high set at 0.7205, and with its bearish potential, CAN we...
The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.....
The CAD/JPY currency pair has been trading upwards since the beginning of August when it reversed north from the 77.65 level.If our Support level holds @ 78.180, it is likely we see a push up more and if not a reversal south could occur, and the pair could target the psychological level at 74.40.
After rebounding above $2,000 at the start of LAST week, the troy ounce of the precious metal fell sharply last Wednesday and lost more than 3.5%. Although the XAU/USD pair stayed relatively quiet in the second half of last week, it struggled to recover its losses and closed the week in the negative territory at $1,940. The broad-based USD strength following the...
if we see 1st close bullish candle,we enter at the 2nd bullish candle at London/Newyork session ........
My long term bias on GBPNZD is a bull run............................
GBP/JPY.....FOR A BUY.......WAITING FOR A PULL BACK TO GO LONG .....TILL TP...
Exotic currencies are currencies that are thinly traded in foreign exchange markets and are not widely used in global financial transactions. Exotic currenrtcies are illiquid, lack market depth, can be extremely volatile, and trade at low volumes.... Exotic currency pairs are made up of one major currency paired with the currency of an emerging economy, such as...
General dollar weakness infects USD/JPY down 2.5% in six sessions to Friday’s low last trading week. US statistics, Covid, stimulus paralysis in Washington played a part in drop. We Looking at a pullback at 106.349 region for a sell opportunity to bag 174pips Always Practice Risk Management.
A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. The bull flag chart pattern looks like a downward sloping channel/rectangle denoted by two parallel trendlines against the preceding trend. During this period of consolidation, volume should dry up through its formation and resolve to push higher...