faisal-101

faisal-101

as soon as a bullish divergence appeared on RSI the price sustained as last LL was not broken and we can also see a formation of support level there. Apart from this currently the price is breaking the bearish trendline, I have drawn resistance on the 68.32 level which has been tested a couple of times. If the price breaks this level this would indicate a bullish...

faisal-101

bullish divergence, last LL remained intact and was not broken, the price action marked support level and the it went upwards and broke the trendline. I have placed a buy stop order on the drawn resistance level and SL on the last HL

faisal-101

Currently, the price is breaking an important support level, which has been tested a couple of times. Apart from this violation of parallel channel, it can be seen that as soon as the price broke the lower trendline, it returned to retest that level and went down sharply. Our bearish trend will be confirmed once the price marks LL and comes back for LH; then, we...

faisal-101

The drawn support level looks quite good. The price tried a couple of times to break it but could not and is getting bounced instead. Buy stop order can be placed at 168.688 level or you can also wait for the price to move upwards and then wait for the retracement in this way it will be a confluence of the bullish trend. I am aiming at 1:2 RR; let’s see where it goes

faisal-101

The price could not break the resistance since the mid of December 2024, but when it failed, it was a fake breakout. Our marked trendline also seems weak now as it is already broken. By applying the "alligator" indicator, which is also indicating the bearish trend we can place instant sell order and our stop loss will be above the blue line which has also been...

faisal-101

Currently, the price is retesting the support level, which it broke quite sharply, and it is quite natural for a price action movement. The further bearish rally will be confirmed as soon as the will again break the support level. At that time, we can place a sell stop, and our Stop Loss will be above the support level and for more clarity, I have also opened the...

faisal-101

As soon as the price broke the bullish parallel channel, the price dropped sharply and indicated a shifting of trend from bullish to bearish. Right now, the price is making a bearish flag pattern, so it is a good opportunity to avail healthy RR. I have also opened a short position on the chart and am aiming at 1:2 RR, which is also equal to the projection of the...

faisal-101

A couple of bearish confluences are drawn on the chart, and with the help of those, we can predict that this pair will make a new LL. As it can be noted that bearish trend lien has been intact and whenever the price has touched the trendline bearsih divergence which has been drawn on three occasians. It seems that price has completed its retracement, which is...

faisal-101

With bearish divergence on daily TF, there is a possibility that the price can fall in the area between the 2738-2682 range, and in that region, we can also see a support level, which is a good thing as the price is following our AB=CD pattern and before hitting the target of that pattern which is 3070 there is opportunity for us to add more positions

faisal-101

the price is simply following the DOW theory as soon as the bearish divergence appeared on the RSI trend shifted and started to make LHs and LLs. I have also placed a short position on the chart as it will be our sell stop order

faisal-101

The price has been ranging between support and resistance for some time. If we take a look at seasonals, we will come to know that this index faces a bearish scenario in early March, and for that, we need a couple of confluences, like the violation of the trendline, which has been intact since Oct 23. For further confirmation for our short setup we will wait till...

faisal-101

after breaking the support quite clearly the price retraced marked first LH after getting rejection from Fib .618 level and then posted LL. The current scenario is quite similar to the old one as the price was retraced to the .618 Fib level and moved downwards. Instant short can be an option by placing SL on the LH or we can wait till the Alligator indicator...

05:24

faisal-101

Two things I have missed in the video 1: when the price breaks the resistance and marks HH we can see bearish divergence in both cases 2: in both scenarios from the support level to the new HH price moved up almost 10-11%

faisal-101

with bearish divergence and fixed volume range tool, the trend looks promising for a decent bearish run. This time the correction was about 2.40% and the last two were between 1.50%-1.90%. One more major confluence is that we can see bearish divergence and trend reverses after correction. For evidence, I have drawn bearish divergence on 3 occasions. Apart from...

faisal-101

for quite some time the price remained in range, which can also be called the consolidation phase. The current scenario shows that after breaking the support level the price is now retesting it. I have opened the short position by placing sell stop order and aiming at 1:2 RR.

faisal-101

with two consecutive bullish divergences and last LL was not violated it seems that from here trend can be bullish. Trendline acting as resistance touching LHs has been drawn to look for a decent entry. Trade plan should follow the trend as when it will break the last LH place the buy stop or wait till the price make fresh HL and HH. Apart from that buy position...

faisal-101

looking at the 1st scenario, we are aiming for an upward trend; for that, the price must break the marked resistance. Overall, the trend is also quite bullish and respects parallel channel quite well. Scenario 2 tells another story in which we are looking for a bearish trend and in the favour of this situation the price has broken the trendline but for further...

faisal-101

the trend is making LHs & LLs and currently, the price is in the direction of marking the LH. The idea is to take a short position when the price touches the trendline and place SL as it is shown on the chart. One more major confluence of the bearish trend is that if the price makes its LH it will be in the region of golden Fib pocket".618". I am targeting 1:3 RR...