Wait for the breakout and buy , I am not comfortable in selling as of now , we need more bearish price action
EURGBP is getting ready Sellers are dying we are waiting for for some consolidation and then buy, a zone near to 85000 could be great area to go long
An area to watch for Kiwi This will play out nice , if you keep an eye on indicated areas
Nike The stock is flying and just making higher highs since first quarter of 2017 , we see some consolidation in 2019 second quarter , however it ended with strong bullish candle and touched all time highs. Technically 1. We see a week double top , with not much significance 2. There is clear divergence in price and RSI , which shows price can reverse 3. Also...
NZDUSD Recently 50% fibo zone is acting as the resistance zones, however in a 4 Hr time frame we see a strong bullish engulfing candle , which is a sign of buyers presence , However the trend is downwards so sellers might pitch in any moment , To place a counter trend trade , you have to wait and see if price crosses 50% Fibo level and then gives a prompt pull back
A pure price action strategy will come in play On a daily time frame we see bearish candle, however before day close 4 H we see a hammer formation .The significance of the 4 hour candle is not much because the wick is not prominent and its not forming at support tat we are looking for {pink rectangle} Fundamentally CAD got a stronger employment data due to...
As per the long term chart of S&P 500 www.tradingview.com Below are my review points 1. MACD shows overbought character , which also reflects in price and volume 2. From last two years there was a steady uptrend with few corrections 3. As per my Analysis s&p will hit 3000 mark end of march 4. We can still rely on technical analysis , as there are no...