BUY IDEA DUE TO : ----------------------- 1. MONTHLY CLOSE AS PIN BAR 2. WEEKLY CLOSE AS STRONG BULLISH CANDLE 3. DAILY CLOSE AS BULLISH PIN BAR 4. AT 8H, REJECT THE SAME RESISTANCE TWICE.MULTIPLE REJECTION CAN CAUSED THE B/O 5. B/0 FROM 8H TRENDLINE, 6. AT 8H GRAPH RETRACE BACK AFTER B/O AND DOES MULTIPLE REJECTION ON THE 8H TRENDLINE
Forex Weekly Outlook 27/1/2020 to 31/1/2020 Pair : GBP/NZD Weekly - Double Bottom & Top chart pattern with potential of Inverse Head & Shoulders pattern in the making. Possibility B/O from the flag Daily - Graph close at minor RBS area. Potential bearish continuation until lower trendline. Break or bounce scenario at the uptrend channel H4 - Wait for Break or...
Forex Weekly Outlook 27/1/2020 to 31/1/2020 Pair : XAU/USD Weekly - Currently in uptrend movement since Dec'15. Possibility making of new HH until 1613.00. Break or bounce scenario after reaching 1613.00 area Daily - Currently in wedge chart pattern. Wait for B/O from the wedge for BUY continuation until 1613.00 H4 - Put BUY Stop Limit Order at 1589.00....
Forex Weekly Outlook 27/1/2020 to 31/1/2020 Pair : GBP/JPY Weekly -In an Uptrend Channel inside Bearish structure from Jan'18. Last week close as Bearish Doji as confirmation close for the previous week Bearish Pin Bar Daily - Possibility of downside movement until lower trendline. Possible break and bounce scenario www.tradingview.com H4 - Potential...
Weekly - Bullish momentum from Feb'17 getting slow. Not be able to print new HH. Now,in Descending Triangle, rejecting the upper triangle trendline for past few weeks Daily - In big Descending Triangle. Friday candle close ad doji, indicating trend reversal H4 - Graph in Symmetrical Triangle in Descending Triangle To do : Wait for B/O in H4 Symmetrical Triangle...
Weekly - Still in bearish movement from Jan'18. Last week candle close by B/O the trendline from Sept'19 Daily - B/O from Head & Shoulders pattern and weekly trendline. Potential to reach TP at the same high of the Head & Shoulders pattern H4 - Potential retest to Weekly Trendline or straight away bearish continuation To do : Wait for retest in H4 or just follow...
Forex Weekly Outlook 27/1/2020 to 31/1/2020 Pair : EUR/JPY Weekly - Still in major downtrend movement since Jan'18. Reject the same minor resistance past for two weeks Daily - Multiple rejection on the top and bottom Resistance & Support area. Break and bounce scenario at the lower weekly uptrend channel H4 - Complete Head & Shoulders pattern. Waiting for...
Forex Weekly Outlook 27/1/2020 to 31/1/2020 Pair : USD/JPY Weekly - Rising wedge chart pattern with rejection from the major trendline from June'15 Daily - Possibility downtrend until below rising wedge trendline. Then, wait for bounce or break scenario with the potential TP as the same high of the rising wedge H4 - Graph currently rejecting 0.382 Fibo...