Clear uptrend signal for long termThe AUDCHF chart printed the strong PA signal (DBLHC) at the key level in the weekly chart and indicating strong uptrend move for upcoming days.
The Daily chart perfectly align with weekly trend and it printed the multiple PA signals (Two Bar fakey) in the same level. Yesterday day it printed the another confirmation Fakey which provides additional confluence. FX:AUDCHF
Priceactionsignal
Price Action Trading Strategy Resistance level is at price 118.71. Bull candlestick closed above 118.71 price level. Resistance level is now support. Next, wait for a rejection candlestick or pin bar candlestick to retest support level at 118.71.
Enter a market execution order after the candlestick completely forms into a rejection candlestick or pin bar candlestick.
BankNifty Prediction & Analysis [09 Aug 2021]Bank Nifty Spot Levels to watch out for trading on 9th Aug 2021
Long Opportunity:
1. Price breaks out of 36100 and retests the level again is a good support to go long
Short Opportunity:
1. Gap down opens below 35690 and stays below 35690 for some time and retested back the 35690 levels is a good resistance zone to short Bank Nifty.
Big Picture analysis for USD/JPYWeekly chart
- Past 5weeks candlestick bar in range after strong bull 7weeks before.
- Pin Bar formed after retracement.
- Range inside bar with bullish probability.
Daily Chart
- 2x Rejection at daily/weekly Resistance line. 2 events (21/05/2018 & 15/06/2018).
- Clear Sideway Range with 3x bullish pin bar formed.
- Reversal bar formed recently at Daily S1 .
Summary
- Possibility of price pulling back down and push back up to break daily/weekly resistance line.
- Favours towards bull as both weekly and daily shows positive uptrend.
Due to NFP upcoming Friday, it will affect the movement to either break resistance line or continue bear and break daily/weekly S2.
Eur/Usd ranging sideway from bearish movementPrice move sideway range from recent bearish trend. Past few candlestick bar on daily chart shows the pair taking a short breath after strong bearish movement.
We might see a positive opportunity short bull for this pair towards daily 4hrs/daily resistance line.
Hence looking for a affirmative signal to buy this pair.