MuneebUddin

MuneebUddin

As we are seeing bullish rally in CHFJPY since several days, Now a mature Rising wedge with a Bearish divergence on RSI have formed and soon we will it starting Reversal movement or it may go in Distribution phase from where it will fall. But Chance for continuation is almost none.

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As we saw that CADJPY rejected to move in downtrend, it started to conbtinue in uptrend depicting the previously seen distribution phase as bullish rectancle and now it seems like it will continue to make Higher Highs & Higher Lows until 109.057 level. However we can enter into the trade for long keeping SL on last Support at 107.671.

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It was ascending since several days then we saw a sudden drop of downtrend. It completed the formation of a bullish flag and now it has started continuing the advancing i,e Uptrend and will continue as per the projection of the flag. You can place your trade for long keeping SL on marked Support.

MuneebUddin Updated 

As we can see on chart Price was in uptrend in advancing phase making Higher Highs & Higher Lows, Then it went into distribution phase where it formed triple top and now breaking that phase it seems like it has marked its first lower low. If it reverse back from the drawn trendline confirming its first LH so after this confirmation we can enter for a short trade...

MuneebUddin Updated 

As we can see AUDNZD was in distribution phase or sideways for quite some time but then it broke to downtrend and now it has retraced for making a Lower High on which we can enter for a short trade until the support & resistance.

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A bullish flag along a bullish divergence have been spotted on NZDCAD, It seems like it was resting since few days to complete the pattern and now after a while it will start to move in uptrend again until the flag's projection. We can enter to ride this rally if it breaks the pole's level so its uptrend will be confirmed to be played.

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As we can see that GBPJPY was in bullish trend for several days but then a bearish divergence formed on RSI and confirmation of its reversal made after it went into the distribution phase. Now next phase we all know that it a descending channel may start. Breakout of the ractangle have already been occured. So we can enter for a short trade keeping our SLs on the...

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As gold is retracing a higher low on its long term ascending channel, now it seems like its near to complete its accumulation phase and all set to start a bullish trend to make a new Higher High on its ascending channel. We can enter into the buy trade once it will break this accumulation. RSI also showing a bullish divergence indicating that a buy volume will...

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As we can see NZDJPY was bullish making Higher Highs & Higher Lows came into accumulation after a Bearish divergence on RSI. Now in this accumulation phase it has shown a popular reversal pattern i,e Head & Shoulder. Its all set to start printing new Lower Lows & Lower Highs to be in bearish trend. You can place your Sell stop on the support of pattern placing SL...

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EURGBP was in sideways movement previously, it was bouncing between Support & resistance in a rectangle . Now it has broken that rectangle downwards making a Bearish flag pattern. It anticipates the further bearish movement and price may go down until the projection of this bearish flag.

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As we can see GBPJPY making all time high , but now the factors are anticipating that it may reverse from this point as a very clear bearish divergence is being shown on RSI & a Formation of rising wedge anticipating that it may break soon to start downward movement. We can enter into the trade after the breaking of wedge, keeping SL over the previously...

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As we know NZDCAD is in bearish trend since several days and showing bullish divergences back to back. Now it has made a double bottom with a bullish divergence from where it can start a bullish trend.

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Since last few days NZDCHF is in downtrend making a falling wedge on 1hr TF. It may break this falling wedge into upward direction as Bullish divergence on RSI indicating.

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As we have seen recent Bull run on GBPCHF, But now it has reached to its resistance forming a rising wedge with a bearish divergence on RSI . All these three factors are anticipating that a bearish movement will start after breaking this wedge. It may go in accumulation phase for a while on the resistance but it will be another factor to initiate your...

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As it was in a slight Bearish Channel since several hours now have Broken the Structure of Descending channel by making an Inverse Head & Shoulder which has confirmed the Upward movement as Harmonic Pattern AB=CD & Bullish flag have anticipated, So we can now enter for Long Position from top of the pole (Bullish Flag) till the PRZ i,e Potential Reversal Zone .