SATHISHKUMARSM

SATHISHKUMARSM

A possible breakout from descending triangle con FX:GBPUSD fluence with daily pivots.

SATHISHKUMARSM

Read the chart carefully. 1. Bearish engulfing formed at the same resistance where price to struggle to move up earlier. 2. Strong RSI divergence every time possibly when price reaches resistance zone. 3. Triangle will possibly broke. 4. Since all these happens after a strong upmove market, sellers strongly controls the market and avoiding the further upmove.

SATHISHKUMARSM Updated 

EURNZD on 60 minutes chart, completing a 5 wave movement respects to the elliot Principles, currently wave 5 facing a truncation at the price level where wave 3 ends. All 5 wave respects fibo levels as per the principles of wave analysis. RSI showing divergence as showing noticeable higher value at the same price level, where earlier showed lower value...

SATHISHKUMARSM Updated 

In 1hour timeframe, market is retesting the previous resistance zone, RSI showing divergence at the same time, Expecting a double top here. On 15 min time frame market is broke the internal trendline and also tried to retest the internal trend line , failed and formed a bearish engulfing, its a good time to short, take position using 15 min time frame and...