Resistance_level
WILL CRUDEOIL BREAKOUT RESISTANCE OR NOT ??#Crudeoil trading near strong resistance zone 6780--6650 . From this resistance area price dropped down more than 5 to 6 times. Now again price at the resistance area. If price breaks the resistance area Towards upside than we can see sharp momentum towards the upside and target will be 6900/7277/7500.
If price not able to breaks the resistance and again drop downside than we can see Targets of 6323/6088/5870.
BHEL WEEKLY BREAKOUT & AT RETEST LEVEL The price breaks the trendline which is acting as strong resistance for the price and also restested the trendline breakout level and now start moves for the upside levels. Price also formed flag and pole pattern in daily timeframe and also given breakout.
#BHEL
👉Trendline Breakout & Retest in Weekly TF
👉Stock in Uptrend & Bullish Pattern
👉Flag & Pole BO on Daily TF
👉Looking good for short Term Swing
👉PSE Stocks in focus
👉Add To Your Watchlist✅
Amazon set to BREAKOUT or FALLOUTAs we analyze the 4 hour chart of Amazon I am honestly indifferent on the stock and would not be trading or buying it right now as it seems "stuck to me" based off these channels... When we look at the "macro" blue channel it shows upside with price pointing to higher 130s... but it would be a very swingy ride there.. right now we are in the white channel which is also very swingy and large for a channel to trade but profit to be made if TIMING is right... I have fib levels listing this as a Wave 2 and looking for more downside, but will continue to watch if we are to breakout of the resistance.. until then I would stay bearish.
Huge Risk to Reward Trade opportunity on GBP/USDGBP/USD approaching a strong resistance area and descending trendline resistance.
I am also expecting a Risk off mood next week which will boost the Dollor.
Big opportunity for a strong short opportunity.
1:5 Risk to reward
Trade with caution and always remember to manage your risk.
Patience Pays!
US30 : Butterfly Harmonic PatternCURRENCYCOM:US30
As you can see , beautiful , Butterfly harmonic pattern is done
It's a bearish pattern , Market now after completion of D leg , now intent to do a 38.2 % retracement
it's a pattern with 70 % accuracy , market now in overbought position
you can take your short trades and target for 33205 area
Trade properly with risk management , don't try to overtrade or do revenge trade
Patience is key in this field , you should have steel nerves
risk reward ratio 1;2 or 1;3 is ideal in intraday trading
PFE 1H T2 level Upthrust in 1/2 correction and resistance levelDaily chart formation
Trend trade 3IBK
+ short balance
+ resistance level
- expanding CREEK
+ volumed 2 Ut
- month support level
Hourly chart:
Conservative trend trade 3IBK
+ short impulse
+ 1/2 correction
+ resistance zone
+ T2 level
+ volumed 2Ut
MA 1H trend trade break under ice bar volumed testDay chart conditions:
Trend trade 1IBK
+ short balance
+ CREEK level
+ resistance level
+ 1/2 correction
Hourly chart:
Conservative trend trade 1IBK
+ short impulse
+ 1/2 correction
+ resistance level
+ BUI test
+ volumed 2Ut
+ better price level entry
Calculated affordable stop
1 to 4 target
GOLD: Rise of Gold and collapse of US$OANDA:XAUUSD
There is no doubt that Gold is safe heaven for buy
But in few day's gold have went abnormally high , which quit uncertain movement
Just to cool down price action , Gold can hit resistance at 2033 and will be back to 2010 mark
Long term gold will remain bullish , for a short term Pull back or correction is inevitable
❤️ Please, support my work with follow ,share and like, thank you! ❤️
It's NOT Perfect, but would you say NO to 309pips of Profits? It's NOT Perfect, but would you say NO to 309pips of Profit Potential?
The Bearish 5-0 Patterns has completed on the Daily Chart(right), the doji candle looks great for aggressive trader for a shorting opportunity, the RSI didn't went overbought, and that cause this setup to be not as perfect as we want it to be.
Alternative ways to engage the trade, is to wait for the market to retest at 83.60 on the 4-hourly chart or the 1-hourly chart. When the retest happens, it will produce an RSI Divergence that allow us to engage the trade, that produce a Lower Risk with a Higher Returns.
If you are looking for a buying opportunity, 82.60 is the level you can wait for a retest of support or a double bottom with RSi Divergence.
Which side of the trade would you choose?
Shorting opportunity or Longing opportunity?
AUDJPY H4Hello traders, AUDJPY is setting up for a downside move watch AUDJPY in a yellow box mentioned area with according to your strategy and look for a short position opportunity.
i am looking price action in a mentioned yellow box area for a sell setup trade if my trading condition or strategy allow me to trade it but if price break the yellow box upside then i will be looking for a sell setup opportunity around white box previous support become resistance area, this is my view and analysis about this pair AUDJPY.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong because i will learned from it and come back stronger.
I wish you good luck and good trading.