XAUUSD LOOKS BULLISH!! XAUUSD has respected the support area and shifted its trend from bearish to bullish. Trade Plan: Entry: 2378 Stop Loss: 2363.56 Take Profit 1: 2392.38 Take Profit 2: 2406.7 Looking for an entry at the 50% Fibonacci level with a 1:2 risk-reward ratio.
NZDJPY CREATING HHs & HLs ON 1HR... NZDJPY, adhering to the simple Dow Theory, is exhibiting higher highs and higher lows along its trend line. With no divergence detected, I expect it to maintain its bullish trajectory on the 1-hour timeframe. Moreover, the formation of a cup and handle pattern suggests a continuation of this trend, in line with Dow Theory...
AUDUSD BULLISH ON 1HR.... Bullish sentiment appears to be prevailing for AUDUSD on the 1-hour time frame. A notable divergence has formed, coupled with a break of its previous lower high (LH) and the establishment of higher highs (HHs). Currently positioned at the precise 0.5 Fibonacci level, the currency pair has exhibited a retracement from this point,...
AUDCHF LOOKS BULLISH ON DAILY... The AUDCHF appears to be exhibiting bullish momentum on the daily timeframe. There's notable divergence formation followed by a consolidation phase, during which it formed a triangle pattern that has since been breached. The price action has surpassed resistance levels and initiated higher highs and higher lows. Currently, it's...
EURGBP is exhibiting bullish signals on the daily timeframe. A discrepancy has emerged, leading to the formation of a double bottom pattern, with the price having already surpassed the neckline. Trade Strategy: Entry: CPM Stop Loss: 0.84967 Take Profit: 0.86861
USDDJPY CREATIING A DOUBLLE TOP WITH DIVERGENCE. My Entry Plan is simple. Entry Point (Sell Stop):150.161 Stop Loss: 151.900 Take Profit: 148.423
GBPJPY with DOUBLETOP with Divergence. Entry Point CMP TP 190.630 SL 193.605
Double Top Spotted on GBPJPY with Bearish Divergence.... Bearish divergence spotted with double top. First LH & LL are formed, I can see a retracement on fib 0.5 level which creates the second LH. Will place a sell stop order under the LL to be on safe side. Sell Stop: 188.170 Stop Loss: 189.872 TP1: 186.510 TP2: 184.807
AUDCHF created a bearish ADCB pattern.. Currently it is at PRZ level and had created a bearish divergence. Sell Stop 0.58000 SL 0.58235 TP1 0.57756 TP2 0.57508