Price is in uptrend in H1, has come into demand area and is reacting from it. Buy entry: 213.25, TP: 216, SL: 211.25
Oil looks bullish in Weekly & Daily supported with good momentum. Price had a parabolic move towards upside last week. Looking for a pullback in H4 to enter the existing trend currently. Potential trade setup being looked at: - Entry at 67.33 levels (Fib 61.8% retracement) after ensuring bullish momentum. - TP - 70 levels - SL - 65.9 levels Please note: Oil...
Short term trade Price is at daily support level Monthly is trending bullish with strong momentum Weekly & Daily are choppy/range with no clear trend H4 is bearish and is over-extended from Moving Averages. Looking for a retracement (Fib 61.8%) till 1000 levels for a short entry. Potential Trade setup: Target 1 will be 990 and Target 2 will be 980 and SL...
Short @ Current Market Price (5170 levels), Target Price 1 - 5106; Target Price 2 - 5050; Stop Loss - 5210 Reasons: Price in down trend channel, Price rejected at the top band of the channel.
Short @ Current Market Price (5170 levels), Target Price 1 - 5106; Target Price 2 - 5050; Stop Loss - 5210 Reasons: Price in down trend channel; Down trend price structure exists; Price is now rejected at the top band of the channel.
Trend is down; Market shows reversal signal after reaching 200 SMA in daily chart.
FX_IDC:AUDJPY Trend is down. Market has given a reversal signal after touching 200 SMA.