The Trend has started by NSE:ITC already reached at the supply zone and also touched the level of 1.131 (Bearish Shark Pattern) at price 338.30 in weekly TF. As per the previous candle closing with rejection, we might assume some profit booking here. SELL : Short opportunity only arise if price breaks the previous week candle low which is 329.70 . BUY:...
Paypal is down 65% from its ATH last July. It's now flirting with a supply zone that stretches back to 2017. While I'm seeing Bullish Divergence here, I'm also seeing a downward sloping trendline that makes me think we might see one more sharp move down (into the supply zone) before establishing a bottom. If you're a long-term investor, this could be a great...
NSE:ONGC already has nearest to their supply zone (143 - 145) and has activated Harmonic BAT pattern with the level of 0.886. BUY : Buying only applicable if price will cross above 145 level and sustains to close on daily basis with high volumes and good momentum. SELL : If any rejection at 143 -145 , might activate Sellers for selling up to 128 -131 and...
after a print of the cpi we expect markets to hold back the interest rate hiking expectations. structurally we expect it to complete the wxy pattern on the daily chart.
NIFTY is at SELLER AREA 15066 to 15133 STOPLOSS = 15146.80 TARGET 1 = 14990 TARGET 2 = 14950
Hello, Today I'm posting this idea, I see a very nice setup for a short with nice R/R. So you can see the pair is in the supply zone, on weekly TF we have also a strong down trend and that could help us a lot also we are under mothly pivot point and the pair hit a daily resistence. I already in this trade from 1.12854 and i set my SL at 1.3010 and my TP at...
GBPAUD is looking bearish as buyers are losing hold from the 61.8% fibonacci level, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.9300 level(TP level). This would certainly be a move for next week. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully...
Price broke its weekly uptrend line on the weekly & is making lower lows & highs on the daily, will be watching price to test the 38.2% level again for potential shorts. A lot of AUD news this week so I will be cautious when looking for an entry or signs of a potential reversal ..