NZDJPY is creating a FALLING WEDGE chart pattern which indicates that soon the price is going to be BULLISH. Moreover, the RSI is showing BULLISH DIVERGENCE which further gives us evidence about the trend reversal. So, we will open a BUY STOP position and mark the STOPLOSS & TP1 and TP2.
EURAUD is creating a double top chart pattern which indicates that soon the price is going to be in a bearish trend. Moreover, the RSI is showing a bearish divergence which further confirms the bearish trend. So, we have placed a SELL STOP position.
GBPJPY is running sideways. So, we will open buy stop and sell stop positions at R2 and S2 levels. Either it breakout upwards or downwards, we will entre in our trade.
EURNZD is running sideways. So, we will open buy stop and sell stop positions at R2 and S2 levels. Either it breakout upwards or downwards, we will entre in our trade.
EURAUD is running sideways. We have marked support and resistance levels and executed pending order (Buy stop and sell stop) at R2 and S2 levels and placed SL at R1 and S1 levels. Either it gives a breakout upwards or downwards, we will entre in our trade.
AUDJPY is running sideways. So, we will highlight resistance and support areas and execute buy stop and sell stop orders at R2 and S2 level. Either it gives a breakout upwards or downwards, we will entre in our trade.
GBPCAD is running sideways. So, we will open buy stop and sell stop positions at R2 and S2 levels. Either it breakout upwards or downwards, we will entre in our trade.
EURGBP is running sideways. So, we will open Buy stop and Sell stop positions at R2 and S2 levels. Either it breakout upwards or downwards, we will entre in our trade.
EURNZD is running sideways. So, we will open buy stop and sell stop positions at R2 and S2 levels. Either it breakout upwards or downwards, we will entre in our trade.
AUDCAD is creating LH's and LL's as per the DOW theory but according to the RSI indicator it is creating a BULLISH DIVERGENCE. So, we will avoid this pair.
GBPJPY is creating a series of HH's and HL's as per DOW theory. Took a long position instantly at the trendline when candles created piercing pattern.
XAUUSD is creating a series of LH's and LL's as per DOW theory. Took an instant sell position right at the trendline when the candle created bearish engulfing.
CADCHF, as per the DOW theory is creating a series of HH's and HL's. But as per the Relative Strength Index Indicator, it is creating a BEARISH DIVERGENCE. So, we will avoid this trade.
CHFJPY in a bullish trend making a series of HH's and HL's. Identified a HL's points through trendline. Identified an ideal entry price at 0.382 through the use of FIB tool by placing it at most recent HL and HH and opened a buy limit order.
EURCAD creating a series of LH's and LL's. Identified a potential Entry Price by the help of a trendline on LH's and placed a Sell limit order.
CHFJPY in a bullish trend making a series of HH's and HL's. Identified a HL's points through trendline. Identified an ideal entry price at 0.382 through the use of FIB tool by placing it at most recent HL and HH and opened a buy limit order.
AUDNZD creating a series of HH's and HL's. Created a bullish engulfing candle at retracement to continue moving upwards.
CHFJPY creating a series of HH'S and HL's. Created a BULLISH ENGULFING candle at retracement to continue moving upwards