Going with the momentum of the sells there's no point of looking for buys at this time AUD pairs are Bullish so I am going for sells I don't think price pushes back up to yesterdays range and next week we should most likely see a consolidation again since price moved so rapidly.
After breaking the support at the 1.11250 level on Tuesday, the euro continued to fall due to bearish pressure. Right now, that pressure seems to have disappeared and we are in a good zone to look for long positions towards the retest of the previous support. Guys, what do you think? Leave a comment with your thoughts.
Shivam auto has corrected 33% after a 70%+ move on Monthly which is a relative contraction. It is currently at 10 EMA on Monthly with 10ema still upsloping suggesting the stock might get a push from here till the nearest resistance point of 64. On Weekly chart it is currently trading in the value zone of 20 & 50 EMA giving an inside bar. volumes have also tapered...
FTT Falling Wedge Pattern We can see on the weekly chart that FTT has formed a bullish falling wedge similar to what it did in October last year. A breakout and pullback could confirm and lead to an interesting bullish move. So I will keep an eye on it and build positions in this area. Targets on the chart I would expect it to reach at least the first targets...
If the break out from this bull flag will happen in this month I expect a retracement to the middle fo the flag (more or less 58K or a bit lower) and then a pump toward the break out. DXY is going up but so BTC.D as you can see here: I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would...
Going Long on AU price struggled to break under structure I am expecting a pullback to the upside, USD pairs losing buying pressure as well and I am targeting 0.68850 as my TP.
Let's say this pair breaks the chart pattern and goes up, how far up can it go? How certain and confident would you feel as it rises knowing that the pair started to rise from a resistance level rather than support? How much money do you have? How much money do you intend to make? What are your goals? What are you doing here? Why are you trading? If you are a...
There seems to be falling wedge pattern on the 1h chart which indicated buying pressure. However if we looses this zone it would crash down to a highest demanded zone period marked on the chart. But for the good, there are visible gaps in the chart which higher possibility of covering them to the upside..
US 10 year futures looking to make another move after brief pull back. given the positive FED signals and overall market sentiment this can turn and start moving up again. DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not...
The pair looks like it may pause a little, and it has run upward quite sharply. The stochastic is slightly positive, and SMI plus the AO all suggest we may see higher before we correct again. I am inclined to be BUYER @ 17.4350-17.4700 and place profit order @ 17.6850 for now. SL based on personal risk appetite.
Nifty nearest support lines ..look for price action ..at these areas..
Here is a chart where we do not have a bottom. We do not have a bottom pattern and no reversal signals. There is no bullish breakout, no rising volume, nothing. We can find something by looking at some indicators but all these signals would be weak. Now, consider this, how far lower can it go? We've seen how a strong bullish breakout, a surprise move, can...
- I believe market has turned daily support into resistance and seems to be respecting it - We got a FVG at 4 hour support that needs to get hit - I also believe we are in the process of creating a lower low on 30min chart
Selling after yesterdays daily bullish imbalance taking my sells back to 145.000 I see liquidity set on the 1-5 min time frame and a big gap on the daily imbalance.
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There’s a 518 day time cycle from the 2 previous major lows to today. There’s also a falling broadening wedge breakout, DMI cross (not shown), and escalating regional conflict in the Middle East. Iran has launched ballistic missiles at Israel. There is a major downtrend but it’s far enough overhead that there’s headroom for upside. The trend seems vulnerable...
NZD/USD is breaking down, slicing through uptrend support on the daily chart as we head towards nonfarm payrolls. With momentum indicators providing bearish signals, selling rallies and breaks is preferred near-term. If we see a push back towards the former uptrend today, consider selling with a tight stop above for protection against reversal. Potential...