The 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. ...
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.
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Weekly 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...
Price 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.