As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision). Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :) Indecision kills! What to do when you don't know what to do 1- Control Your emotions ;) 2- Nothing goes straight up...
After meeting the target of 48333, BANKNIFTY traded up to 49667, sustaining that level for a considerable time. However, profit booking towards the end of the session led to a close below the day's target of 49333, establishing a fresh resistance at 49634. Here's the trading plan for Tuesday: Gap Up Opening Scenario: If BANKNIFTY opens above 49450 and...
**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data...
If GBPUSD holds above the 1.2700 area, more growth is expected From our previous analysis, the price went up well and the bullish wave was almost 260 pips. So far GBPUSD is pausing before the uptrend resumes again. After the price broke out from a strong area above 1.2700 it looks like the bulls are still holding strong. Chances are higher that if the bulls...
FX:XAUUSD is trading in the range of 2335-2397. Bulls are trying to keep the price from falling, countering the market in the 2330-2340 area. A rebound may reach local liquidity zones. At the moment the market is bearish but also volatile. Any news could have a strong impact on the dolar and gold. In the mid-term, since after a false break of support a...
Dear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to...
This analysis is an update of the analysis you see in the "Related Ideas" section According to the previous analysis, we were in the F wave of Diametric, and the price hit the red range of the previous analysis and was rejected downwards. But what is on the chart, the F wave developed and took more time so now the G wave can have a good launch power. The price...
Take a look at our analysis for AUDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.663. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.660 level. P.S Overbought...
BUY ABOVE - 49290 SL - 49050 TARGETS - 49480,49670,49850 SELL BELOW - 49050 SL - 49290 TARGETS - 48800,48620,48460 NO TRADE ZONE - 49050 to 49290 Previous Day High - 49480 Previous Day Low - 49050 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
SELL XAUUSD for trend reversal update STOP LOSS : 2,379 From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too... there is a bigger chance of a...
Dear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to...
Coinbase Global (COIN) broke out of its parallel channel and did a retest on it, opening the way to its next move. - The chart retested previous resistance that became support. - On the 3-line indicator, the mid-trend line (blue) is crossing above the long trend line (green), which has always been a bullish signal. - The RSI is breaking out to the upside of...
Hi fellow traders, AUDUSD is ready to make a move higher from the blue box after completing the correction. Target the 0.6751 level and move your stoploss to break even as soon as we reach the ‘Risk free zone’. Good luck and trade safe!
In 4 Hours Time Frame : (1) Trend Line Break Out ......... (2) Last retracement is .68 fib level.... (3) Form A Cup and Handle Pattern......
Dear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to...
What I see coming up is sells Here is why I say Soo.... The market is a clear over bearish trend, currently on intraday day time frames it's still bullish, and I am currently waiting for such a set up or something similar to execute my trades. What's the confirmation? Since I see that the market its at a value area (LH) I will wait to see the market to start...
BUY ABOVE - 49480 SL - 49290 TARGETS - 49670,49850,50000 SELL BELOW - 49290 SL - 49480 TARGETS - 49050,48800,48620 NO TRADE ZONE - 49050 to 49670 Previous Day High - 49670 Previous Day Low - 49050 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...