Hi All, Its just couple of trendlines drawn over the highs & lows..nothing fancy here. SBIN is ranging for past few days so we are expecting breakout(expansion) soon, so whichever the direction breakout happens enter with proper stops. Being expiry day today it may give false breakout so be stingy about your stops.The same setup is forming in SBIN hourly...
D1 chart has made a false break of the down trend line and has also formed bearish hidden divergence. You can either sell now market price protecting 107.00 level at least OR you can wait for the breakout of the range that the price is trading in right now. Targets as shown in the chart.
I am yet bearish in the pair and I think best way to join is by waiting for the H4 chart to get broken down and then we can look for pullbacks near the down trend line and resistance zone around 0.7500 to sell the pair. Technically D1 chart is already under bearish pressure due to the bearish divergence.MACD historgram is showing divergence on the H4 as well so...
Break of daily TL firmly bearish. Cross of lower bollinger band confirms bearish signal. Once the break of first blue rectangle (support) occurs will short this down to TP.
Sell the pair once we see a breakout below the most recent trend line and support zone on the H1 chart. Wait for a retrace after the breakout.
This pair has just broke the trend line at 1.4200, will watch to see if this posts two bearish candle sticks in a row before entering a trade to ensure its not a false breakout. Will trade this down to TP1 if bearish movements proceed into next week.
Buying EURUSD after it breaks the H4 tl looks like a great idea!
Depending on where price makes its moves we could see a breakout of the trendline with divergence confirmation. If price continues to push higher we could see price extend to previous resistance
As we can see EURUSD has just broke the trend line inside channel ,my first target is 1.11034,after break the channel support, my second target is 1.08264 ,which is another support at downside.
We were in a minor uptrend on the 4h chart before an impulse bearish wave came out.Now i'm looking forward for the break of this trendline to confirm that we're going bearish for some time, and Ill look to sell any corrective structure to the downside. Trade your plan, plan your trade.
USDCAD on the daily chart is in a downward trend as you can see on the chart. What so interesting about this long opportunity is that price break and close above this daily trend line. Once a break and close above happened now I am looking for the price to retrace to that zone where It break the trend line. Now I can assume that this zone will become a possible...
Pair has broken the H4 trend line and it has created hidden bullish divergence. There is already bullish divergence on the H1 chart as well. Conservative long entry would be to wait for the down trend line to be broken to the upside along with last high at 1.2880. Buying pullbacks afterwards should be a good idea aiming last swing high around 1.3000
The pair is currently meeting a bearish trend line from the D1 chart. On the H4 chart if we get a break below 1.9520 try to sell any pullback towards 1.9580 zone.
There is already bearish pressure on the h4 chart. I'm looking to sell the pair once the most recent support zone is broken down along with the up trend line seen on the h1 chart.
Silver is under bearish pressure at least in the shorter term. Bearish convergence has been created on the H1 chart and now the pair is consolidating. We can go short with the break of the lower trend line on the M15 chart aiming 17.30 as first target and 17.00 as second one.
AAPL cleared two hurdles today - it closed over both the 200 day moving average as well as a resistance line that has been capping the stock starting in July 2015. We've had a recent false breakout over the 200 day average before (November 3-4 2015) so we will have to give this a couple of days to make sure it's for real. Also, the stock didn't close over the...
Simple Bat pattern. I widend my stops abit since the bat is sort of mid air and i wanna utalize the recent support as well as the dashed trendline. targets are bigger anyway and are based on an idea i posted earlier (link below)