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NIFTY50 MASSIVE BEARISH CONTINUATIONON NIFTY50 Daily chart we have seen a 300 Points straight fall in the Friday trading session. The Index is falling with every rise. The market cycle in the daily time frame chart for Nifty made a bearish long day candle on Friday. This candle completely engulfing the long bull candle of the previous session. Technically, such patterns are formed at the highs, and the area is considered a reversal pattern on the downside. Breakout the support zone and moving in a parallel channel formation continues to the next target and breaking zone 16750-16000 Wall Street's three leading indices fell on Friday, with the technology stocks-heavy Nasdaq Composite tumbling 1.9 percent, as investors bet that a strong jobs report would not slow the Federal Reserve's withdrawal of support while they grappled with uncertainty around the Omicron coronavirus variant. European markets also dropped earlier in the day, with the pan-European Stoxx 600 index declining 0.6 percent. The overall sentiment is Negative. Nifty Intraday Trade Setup for 7 Dec. 2021 ====================================== Intraday Support is: 16,150 Intraday Resistance is: 17.350 Key Resistance is: 17,600 Key Support is: 16,780 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NSE:NIFTYShort
by legacyFXofficial
3
1710 long term gold target identified This is a quick update on a new level that we have identified in our setup. We have been buying dips and still targeting longs from good support levels. However we have just identified a Goldturn AXIS level at 1710, which is likely to hit at some point before some of our long term Bull targets. 1819 is still looking like a level that would be taken out before this axis level. However now that we have this target activated we must take caution in managing our long positions and make sure we are able to manage any exposure at that range. Please also review our overall report and analysis on the link to related ideas below; Please dont forget to hit like, comment and follow to support us. GoldViewFX XAUUSD Top Author
OANDA:XAUUSDShort
by Goldviewfx
GBPAUD SELL The market has been trending upwards for quite a while now. Having broken the higher highs of that bull leg to find major resistance zone. from this point we will have to hop on the intraday time frames to look out for possible reversal patterns , secondly to look for possible structure . then finally lower lows and lower highs . that the chance to hop in . we need confirmations that the market will sell and create trends in the lower time frame , for us to get involved .
Short
by DIGITALASSETSINC
NZDJPY BEARS LOADING !!Hello team , This is a classic pattern of breaking both dynamic and horizontal resistances . The break of the dynamic support zone .clearly shows that there might be a possible change in direction. the break of the horizontal support line , shows that the bears have a significant presence . both of this are okay but we know we don't participate in the push phase , we need the market to exhaust so that we participate. what we are looking for is the lower time frame for a definitely change in the market to lower lows and lower highs .
Short
by DIGITALASSETSINC
Gold TARGETS$$$ and support & resistance levels We have updated the hourly Goldturn support and resistance levels. Price was supported at 1766 Goldturn and smaller Goldturns created above it. EMA5 has crossed 1778 with a candle body close, which opens target to 1794. 1808 is the challenge we are looking for. A break on this level will confirm 1830. We are still buying dips unless we see a break and close below 1766, which will then open the lower support levels of 1746 and 1726. Goldturn Support Levels: 1778 1766 1746 1726 Goldturn Resistance levels: 1794 1808 1819 1830 1862 1872 Please do like, comment and follow, to support us. GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7