GBPUSD might break out the bullish Rectangle chart pattern identified On the news shortly if it breaks out then Entry @ 1.22520 SL @ 1.20996 TP @ 1.23065
Bullish Rectangle chart pattern spotted Entry @ 1881+ SL @ 1878 (previous resistance ) TP @ 1888
Bullish Indication As Per FIB the 0.5 level needs to be broken and its in the process of being broken right now Once the 0.5 level has been broken the tren reversal would be confirmed Entry @ 142.208 SL @ 140.159 TP @ 142.700
Bearish trend might start RSI is now coming back from oversold to median Entry @ 1877/1878 SL @ 1885 TP @ 1874
RSI indicates that it can be shorted once the sudden bull run starts to end In the chart its indicated . As soon as RSI starts dropping back to its median the shorting can be done
RSI IS INDICATING A BULL RUN whenever in the past RSI has hit its down peak it has returned with a very strong bull run for quite a while Entry @ 1835 TP @ 1845 SL @ 1825 Very straight forward
The Chart shows a very clear Bullish Penannant Volume is low at the moment Entry should be @ ~1859 SL @ 1848 ( Below last support level ) TP @ 1869
The RSI in the last few times whenever has peaked USDJPY then followed a very long bearish pattern BAsed on above observation I am betting for this to go bearish further Entry @ 132.182 SL @ 132.992 TP @ 131.526
Major Trend is Bearish after a long Bull trend its now becoming bearish Sideways trading since 22 Dec forming a Bearish Rectangle Entry @ 1.19996 SL @ 1.20854 TP @ 1.19211
Following Simple Dow Theory Making LL and LH Plan SHORT Entry @ 95.800 (last LL) TP @ 93 SL @ 99.5
Making LL and LH on simple Dow Theory Short Entry @ 130.968 SL @ 131.702 TP @ 129
Almost a reverse Cup and Handle formation in progress Once we have a complete reverse cup and handle , It will indicate a bearish move and we can make an entry below the neck line of the cup and handle Entry @ 140.431 SL @ 141.181 TP @ 139.330
Due to EXY on a bull trend EURUSD is making HH and HL and looks like it can continue the up trend Strong Support at 1.06259 to 1.06585 region Strong Resistance @ 1.06948 region Entry @ 1.06711 SL@1.06409 TP@1.06878
Bearish Indications : * Major trend is Bearish but in consolidation phase since 22 Nov bumping between major support and resistance * Resistance = 104.582 Support = 104.149 * Major trading channel not broken * Double top chart pattern formation in progress Bullish Indications * Cup and Handle chart pattern being formed Bias : Short Plan A Entry @...
Bearish Indications * Making LL and LH since 22 Oct on 1h Time frame * Support = 79 to 81 Resistance = 101 to 102 * Trend channel trading since 11 Nov 2022 Bullish Indications * Trend channel trading next hard resistance = 88 and support = 79 Bias = Short Plan Entry @78 SL @ 86 TP @ 70
Bullish Indications * Making HH and HL but no consistency * Inverted green hammer candlestick * Support = 86 Resistance = 89 Bearish Indications * Three red soldiers * Support = 86 Resistance = 89 * Double top chart pattern : Neck line = 86 Bias = Short Plan Entry @ 85.95 TP @ 84 SL @ 89
Bearish Indications : * 4H + 1h confirms a general Bear Trend making LL and LH * Support = 128 Resistance =134 to 138 Bullish Indications : * No bullish signals , no reversal patterns. Bias = SHORT Plan Entry @128 (below current support ) SL @ 134 TP @124 then 120
Bullish Indications 1) Major Trend is HH and HL being formed in 4h + D time frame 2) Three red soldiers being formed at the moment but could be a small pull back 3) Support = 1786 to 1792 Resistance = 1817-1820 level 4) Parallel channel since 23 Nov being respected 5) Fib Support level of the bull trend since 23 Nov 0.786 is being respected Bias : Long...