EURUSD is about to reverse after the formation of a bullish divergence. Last week's news caused the price to tumble down but it has shown great strength and the divergence might just be what it needs to restart its journey upwards.
The pair is carrying on its bullish momentum after forming another Higher high and Higher low. Entry can be taken at the current price as the bullish candle has confirmed the higher low. There is no divergence on the RSI. SL: 1.08207 TP: 1.09480 Risk: 0.5%
Waiting for FX:USDJPY to breakout from its previous resistance and continue the bullish trend. Entry: 148.847 S/L: 148.213 T/P 1: 149.4810 T/P 2: 150.1150 Risk 2%.
EURCAD is forming a double bottom. I have taken entry at the neckline. Trade 1: Entry: 1.45701 S/L: 1.44940 T/P: 1.4644 Risk: 2%
NASDAQ:TSLA may be forming an ABCD reversal pattern. The price just crossed mark B and it looks like a good entry point with a stop loss below point C. Trade Plan: Entry: Current Price($261) SL: 246.7 TP: 275.18
FETUSDT had a good bullish run and then started consolidation. It has now formed a successful cup and handle. I have initiated the trade at the following levels: Entry: 0.7510 Stop Loss: 0.6944 TP1: 0.8076 TP2: 0.8698
GBPUSD has completed an ABCD reversal pattern and is taking a correction on its way down. I have decided to take entry with a 1:1 risk/reward.
LSE:SHEL has formed a bullish flag and is poised to continue its bull run once it breaks out from the pole top. It would be a good opportunity to trade the breakout. Entry and exit prices mentioned in the chart.
BINANCE:FETUSDT making a bullish flag on the 15 min timeframe. Entry, stop loss and target price as shown on the chart.
PSX:NPL is forming a double top and seems to be exhausting as a bearish divergence can be seen on the RSI. A potential short trade opportunity is arising with a sell stop below the neckline and TP the same length as the length from the previous HH to HL.
FILUSDT is forming a falling wedge pattern and looks set to breakout to the upside. It has formed bullish divergence on the RSI. It is also retesting its previous support levels. Whether you trade the old sideways S/R levels or the falling wedge, in both cases, your target price is exactly the same.
Practising the recently learned concept of trading sideways markets between support and resistance levels.
I have already published an analysis where I expect TSLA to go down in the coming few weeks. The stock is trading sideways and one can use that movement to skim more profits. I have used the typical support and resistance on the 4HR timeframe to develop 3 supports and 3 resistance levels. These can be traded both within the support and resistance levels or if...
Microsoft ( NASDAQ:MSFT ) has been on a bull run since the AI hype started. Despite a correction that pulled it down all the way to $310, it has recovered well and continues to stay strong. However, after analysing its most recent bull run and using the RSI indicator, I have concluded that it has exhausted its bull run and is ready to take another correction. ...
NASDAQ:TSLA stock's recent surge might be over as it has just formed a bearish engulfing candle, possibly forming a lower high. It looks like a good short till around the $180 price level.
I have taken entry on the formation of an LH, confirmed by a bearish engulfing candlestick pattern. Risk 2%.
The AUDUSD chart continues to form higher highs and higher lows. I have identified a tweezers bottom candlestick pattern and taken entry.
The EURUSD chart has been forming HH and HLs. It just formed a tweezers bottom candlestick pattern where I have taken entry. Risk 2%.