NDOBObanks

NDOBObanks Updated 

By looking at the price action, its easy to see that the pair has been moving in a bearish direction for serval days. Current price action suggests that we might be in for a short term bullish correction. We have spotted the formation of an inverse head and shoulder pattern on the Daily chart and when we move to the H4 time frame, this pattern is more clearer....

NDOBObanks Updated 

EURJPY has been moving in a down trend for serval day. Current price action suggests that the pair might be in for a short term bullish correction. The patterns we spotted which are in line with our short term up trend basis include an inverse head and shoulders pattern in Daily and H4 time frames with the H4 being the more clearer. We have also spotted a...

NDOBObanks Updated 

List of Confluences: 1: W Pattern formation. 2: Trendline Breakout 3: Key Level Breakout The risk reward for this particular trade currently stands at 6.96 to 1. We will be waiting for price to test our key level and before looking for any potential entries.

NDOBObanks Updated 

As we can see with the pair, price has been moving in a bullish direction for several day. The current price behaviour seems to suggest that we might be in for a short term bearish correction. Price is showing signs of exhaustion shown by a potential break of market structure which further suggestion a change from a bull to a bear market in the short term. By...

NDOBObanks Updated 

List of confluences: 1: Double Bottom 2: Trendline Breakout 3: Change in market structure. Risk Reward: 14.42 to 1

NDOBObanks Updated 

List of confluences: 1: Double Top/ M Pattern at high. 2: Bearish engulfing candle stick pattern 3: Key Level Breakout Risk reward for this trade is a around: 3.62:1

NDOBObanks Updated 

Gold has been moving in an uptrend for several days, for the entire month of Feb 2022 to be exact. Current price movement suggests that Gold might be over extended. We have started seeing signs of potential price exhaustion by the formation of a key level. We have also spotted other two signs that Gold might be preparing for a short term correction which include...

NDOBObanks Updated 

By looking at the price action, its easy to see that the pair has been moving in a bullish direction for several days, since early November 2021 to be exact. Current price action shows an indication of potential market exhaust which could result in a bearish short term correction. Looking at the daily chart we see 3 potential confluences/reasons which is in line...

NDOBObanks Updated 

Price has been moving bullish for serval day. The bullish move seems have reached its peak and the price action shows a potential exhaustion. We have spotted 3 potential confluence which are inline with our idea of shorting the pair. The risk reward of this trade is around 3.9:1.

NDOBObanks Updated 

Price has been bullish for several days. We have spotted the first signs of price exhaustion which signals a potential bearish correction. We currently are waiting for price to create and intraday bullish correction and enter on the retest of the higher time frame key level before entering short. Risk Reward for the trade is a potential 7.28 to 1. Lets keep...

NDOBObanks Updated 

List of Confluences: 1: Trendline Breakout 2: Key Level Breakout and Rest (TBA) 3: Double Bottom Summary: Trade has a potential RR of 2.72 to 1. We are waiting for the breakout and rest to confirm trade setup. If confirmed, we should be looking to enter Long tomorrow.

NDOBObanks Updated 

List of confluences: With more to form in the coming days. 1: Daily chart key level, which shows the formation of a lower high. We would need a breakout and close above this level (51 967 USD) on the daily chart to confirm a change in market structure and the creation of a new high. 2: Inverse head and shoulder pattern formation on daily chart and H4 time...

NDOBObanks Updated 

List of confluences: 1: Trendline Breakout and close 2: Breakout and close Key Level around 1.6582* on Daily Chart required as confirmation. This will mean change in market structure and new low created. 3: Head and Shoulder Pattern which can be seen on both the Daily Chart and The Four Hour Chart. Summary: This trade has a potential Risk Reward (RR) of 3.62 to...

NDOBObanks Updated 

Reasons for Buying GBPCHF: 1: Trendline Breakout 2: Key Level Breakout 3: Double Bottom

04:54

NDOBObanks Updated 

Listed confluences: 1: Trendline Breakout 2: Inverse Head and Shoulder Pattern 3: Key Level Summary: GBPUSD has been selling off for serval day now. We are waiting for the breakout of the key level at 1.3277** on the Daily Chart as confirmation of the trade. Trade has a potential RR OF 4.43 to 1. We will be entering and holding this trade until around the end...

NDOBObanks Updated 

List of Confluences: 1: Trendline Breakout 2: Key level Breakout around 81.73* 3: Inverse Head and Shoulder Pattern Summary: This setup has a risk reward (RR) of 3.75 to 1. We can see a trendline breakout on the daily time frame, which indicates a possible bullish move. A key level breakout is also visible on the daily time frame around 81.73*. This shows a...

NDOBObanks Updated 

List of confluences: 1. Trendline breakout 2. Breakout and close Key Level around 0.7184* on Daily Chart required as confirmation. This will mean change in market structure and new high created. 3: Inverse Head and Shoulder Pattern which can be seen on both the Daily Chart and The Four Hour Chart. Summary: This trade has a potential Risk Reward (RR) of 3.28...

10:19

NDOBObanks

Summary: When we look at the BTCUSD weekly chart, we can clearly see that BTC remains bullish . The manner in which price behaves in the next few weeks going into the new year will give an indication whether BTC is starting a bear market or remains bullish . Moving onto the daily chart , the trend is over extended remains bearish . We can see some buyers trying...