Namcapital

Namcapital

Based on the rising wedge and price reaching a strong resistance zone it is a excellent entry for a short sell. For day traders ,targets can be at the 80.75 which was the resistance previously. For swing traders, the target can be at the 80.00 and lastly for position traders the take profit can be at the 78.50-78.70 zone

Namcapital

Strong bull trend - price had a false breakout -tested a key level and showed rejection - price is expected to rally as seen in the white candles. i would open a buy position during a pullback

Namcapital

Cup and handle formation on H4-Price rejected 0.718 level one lower timeframe -Good risk to reward 1:4.67

Namcapital

Retest complete - waiting for a break and retest before taking a long position

Namcapital

Price has been rejected by weekly resistance rising bullish channel will look for bearish set ups on lower time frame

Namcapital

NFP has provided positive US data which is good for the dollar resulting in a 100pip retracement to the 27.50 level. However the pair is still bullish and the long term price targets are still $32 followed by 40 . Now would be a good long entry for position traders whereas for intra day traders bearish price action remains.

Namcapital

Long silver - strong bullish momentum Fibonacci retracements enter at higher low formation at lower timeframes

Namcapital

Buy now-Scarce metal-strong uptrend-key levels

Namcapital

Simple price action concepts —> Broke out of Monthly range heading to historically highs of 2000 and above

Namcapital

Rising channel reaching Key level

Namcapital

Refer to my previous post , we hit TP!

Namcapital

A short position is being considered on this pair based on 4 criteria.The RSI is above 70 indicating overbought conditions.Secondly,the price is at a resistance zone.Thirdly, the price is showing weakness at the upper bollinger band.Lastly we are waiting for an inverted hammer before executing the trade.

Namcapital

I took this reversal trade with 4 confirmations 1 : Price was moving sideways around this area of support 2 : RSI was below 30 indicating oversold 3: Price was rejected by lower bollinger bands 4:Hammer candlestick on weekly chart

Namcapital

Our previous forecast came true. There is a strong rejection from the 4H trendline and the 20EMA crossing above the 50MA i will now wait for bullish engulfing pattern before entering the trade with about 1: risk to reward ratio.

Namcapital

General trend is upwards on the daily time frame with price respecting a nice trend line . on the 4h timeframe a multiple rejections could be seen at a key level . should price retest this level i would short the pair . Price is currently consolidating in the 1h time frame , a distinct bearish candle preferably with little to no wick must be formed before...

Namcapital

On the daily time frame the inherent market bias is a downtrend with the 4h time frame in consolidation . In the 1 hour time frame we can see that price has rejected this level multiple times as illustrated by the red markers. therefore i would be looking for a short position. For confirmation the 9EMA is about to intersect the 20EMA Like and comment for TP to hit

Namcapital

USDCHF SHORT set up Like and comment to hit TP✅

Namcapital

This is a very similar setup to my previous forecast on gold!