TCP
TATA Consumer Product , 75 Min Analysis .** ON Daily And 75 Min Time Frame Trend Is On Upside .( Price Is Making Higher High And Higher Lows ).
** Price Taken Support On Trendline And Retraced From Demand Zone .
** Hammer Pattern ( Price Rejected From Demand Zone 323-326 )
After Hammer Dozy Form Indication Of Indecisiveness . Price Unable to close Above Dozy .
Reference Candle Now Is Dozy . After Price Close Above Dozy In 15 Min Or 75 Min Time Frame Then Trade Initiate On Buy Side .
Buy 337.5
SL 324.4
Manage Your Target And Sl According to Your Risk Appetite .
Happy Learning .
TCP waiting for directionTransaction Capital hourly chart shows the 3rd lower high, just after bouncing from the 200hr moving average at R14 and horizontal support was 14.50. Overhead resistance at R16.66. Stand by.
Long Term Support about to be broken?On the chart you can clearly see that long term support is broken. Also downtrend is in play since last couple of weeks - 2 trends are forming nice simetrical triangle.
My bias is short here. A lot of traders are waiting for confirmation on daily to enter short now. Let's just wait for confirmation and see if the trendline starts acting as resistance (personally I think it will test the line few times). If the trendline becomes resistance indeed, then it's safe to enter Short position and aim to the previous lows in the support line (1.486 or even 1.394).
On the other hand if the price goes above RED downtrend line and support trendline holds, we will see it rising even more, but I don't see this happening.
Good Luck!
Drop from the Top :)We have 2 uptrend support lines broken and spike up during BoJ news, then during the day price dropped down to the support area of 113.84
The price should continue going down, if you're in from the top good for you, if not - wait until the support line becomes resistance, since we're in strong downtrend I am not sure if the resistance will be restested a lot, so be quick with placing shorts.
TP is the previous support line on 112.99
Good luck!
XRPBTC: Short Term BuyXRPBTC recently broke the sideways channel it is in and retest the new support. What I am waiting for now is a retest of that level again (double bottom) to enter the market, giving us a little over 1:2 risk/reward or a 4% loss to a 10% gain. What are your thoughts on this XRPBTC?
Trade with care.
A buyer to be a long term sellerNext weeks out look for usdcad , possible double bottoms or breakout
Wait for the breakout (TCP)hey guys, sell this pair where ever you see trend continuation pattern (TCP).
