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Multitimeframeanalysis

Short term bullish reversal - JNPRLet's understand multi timeframe analysis for NYSE:JNPR . Price has forming bullish harmonic shark pattern and has shown strong reversal with very high volume from PRZ(Price Reversal Zone). Weekly TF - Price re-tested a strong demand zone in Weekly timeframe. RSI is forming bullish divergence. Daily TF - Price re-tested a strong demand zone in Daily timeframe as well. RSI is showing bullish divergence. 45 minutes TF - Price re-tested a strong demand zone in 45 minutes timeframe as well. RSI is showing bullish divergence. Price is making ascending triangle structure. Above confluences suggest that price is due for a short term reversal. Long position can be taken upon breakout above triangle resistance or upon re-test after breakout.
NYSE:JNPRLong
by PriceActionTrader1
Head & Shoulders Pattern Formed on GBP/USD !! #ShortHead & Shoulders Pattern on GBP/USD !! The Head & Shoulder Pattern seemed to have formed on 4 Hour, I will wait for Retest of Neck-Line before Shorting GBP/USD .The Risk to Return ratio is 1:3. It can be a really good trade if executed correctly. Target is chosen by Measuring the Distance between Neck-line and the Head , further the same distance is then used after Break of Neck-line to establish correct Target area. Stop loss is set where the Price is least likely to get hit hence the 1:3 RR. note: Do your own analysis before taking the trade. Analysis based on; 1, Price Action 2, Chart Pattern 3, RSI - Overbought/oversold zone 4, Candle-stick Pattern Time frames used: 1 Hour 4 Hour
Short
by M_Shariq
6
Multi timeframe analysis - TITANLet's understand multi timeframe analysis for NSE:TITAN . Weekly TF - NSE:TITAN has been trading in a falling wedge pattern (LH-LL) and has recently re-tested a major demand zone. A bullish engulfing candlestick has been formed. There's an additional confluence of Harmonic Cypher PRZ around 1880. Daily TF - Bullish RSI divergence has been seen on daily TF. Price gaped up and did a breakout from a falling wedge structure. Short term bullish entry can be taken if price retraces back to 2080 level which was acting as a resistance earlier.
NSE:TITANLong
by PriceActionTrader1
5PAISA - Short term bullish reversalLet's understand multi timeframe analysis for NSE:5PAISA . 1. Price has forming bullish harmonic bat pattern and is currently standing at a PRZ(Price Reversal Zone). 2. Price is approaching a key demand level in weekly and monthly timeframe. 3. After making a consecutive LH-LL structure, price has finally made a HL which could suggest a reversal of a trend. 4. On a daily timeframe, 14 period RSI is forming a bullish divergence. Above confluences suggests that there's a high probability of short term bullish reversal if price succeed in breaking the previous high.
NSE:5PAISALong
by PriceActionTrader1
Short Scenario for BTCUSDBTCUSD When zooming out and looking at the Monthly canldes, there is a very possible short scenerio building. This chart shows Daily candles inside Monthly candles. You can see that price tested the critical level of 20k but didn't reject it strongly. As the daily candles continue to trade near this level, there will be much liquidity building above it. Price could continue building and taking liquidity as it moves back up to the Resistance levels shown on the chart. Resistance 1 is an obvious place to retrace to as it forms the lower level of the previous price accumulation. Resistance 2 is the next obvious level as it is both the top of the previous channel of accumulation and it is also significant becuase it aligns perfectly with the May Monthly closing price. We'll continue to track price going forward to see how it reacts to these levels. Additionally, we will also need to factor in where the current Monthly candle closes. Happy Trading!
BITSTAMP:BTCUSDShort
by RyanLeeFX