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Multitimeframeanalysis

XAU/USD: a detailed chart breakdown and the next targetFirstly, taking a look at the WEEKLY timeframe chart, we can clearly observe how the price has reached a key level of resistance that lines up with the upper boundary of the descending channel plotted on the graph. At the same time, the same level aligns with the 0.618 Fibonacci retracement level. Zooming into lower timeframe charts, we can add extra confluences and identify how the price is forming a nice top around the local zone. With our Stop Loss level above the freshly formed top and the Target Profit at the zone of support shown on the graph, we look forward to launching SELL positions. Have an incredible trading week, family!
FOREXCOM:XAUUSDShort
by Investroy
14
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