As of now price is consolidating in a 100 pip range (153.50-154.65) , Speculative sentiment index is around 35% and trend is strong on higher time frames indicating the test of 2018 high around 157 handle which stands as the major resistance / Top. Trend : Up Signal : Long Scalp ( 153.50-154.65 range) Positional trade # 1: Long above 151.70 ( EMA 50) Stop Loss...
After the stop hunt /HL around 61.65 ,Price returned to the old daily range 63.50-67 indicating it will continue to trade inside the range or an upside break out since the SSI is around 25% and every dip is bought strongly . Trend : Range Signal : Sell Limit 67.80-68.20 Stop Loss : 68.75 Target : 65-63.75
Profit Booking done @ 65k Then a 7 day range (45k-60) Downside breakout of 45k Tested 61.8% fib support :30k Range Probability : High ( 30-40k for many upcoming months) Ideal Level to Invest for Long Term : 20-30k , Split positions Fat Finger Probability = High ( HERD panic buying / 100k rumors / Tweets )
Speculative Sentiment Index is around 35% - Scalp inside the 4H range , wait for the spikes and put Limit orders at various levels by splitting your positions Trend : Range (1850-1890) Signal : Sell Limits @ 1886 - 1891- 1895 - 1901 Stop Loss : 1907 Target : 1870 -1862 -1855 -1848 Signal : Buy limit : 1848 -1855 Stop loss : 1838 Target : 1875-1885-1890
SSI : Above 40% Trend : Range ( 33700-34500) Signal : Short Scalp around 34550 Stop Loss : 34720 Target : 33700
Stop hunt spikes near 1.2250-1.2310 handle is possible since the speculative sentiment index is around 20% and price is consolidating in a 100 pip rage. Upside breakout is unlikely with lack of catalysts- data numbers and holiday. An eventual test to 1.1975-1.2050 area in possible before any further gain. Trend : Range Signal : Short Scalp 1.2250-1.2310 Stop...
Price is consolidating in a daily range since the past two months ,profit booking is clearly visible around 65000 last April Mid. BTC likely to continue in the same range 45k-60k for few more weeks and gradually starts to erase most of its gain in our opinion. Obviously range top and bottom are ideal for scalps, however, we do not recommend any serious long term...
Pair is trading inside the 1.4700- 1.1930 level since the past 6 years as the price is mostly moving based on the crude oil price . As of now , its heading towards the 1.19xx major support and likely to drop 100-150 pips below since the probability of stop loss cluster around that area is very high. On the other side , crude oil is showing weakness around 67 level...
Around 1890 investors done their profit booking and its clearly visible in the chart , now we are seeing a 100-150 pip range forming inside 1858-1880 .Most probably this range will continue for some days and then we are expecting a minor correction below the 1850 handle since we have a strong resistance around the weekly upside channel and its tested one time...
Yesterday we got some heavy volume trades in gold followed by a short term partial profit booking and interestingly at the same time of major profit booking happened in Cryptos . It was pretty clear about the 1890-1900 upside channel test since the SSI was less than 20% . As of now , price is consolidating around 1870-1875 level and likely to continue for some...
As expected ,Stop hunts are happening either sides of the past 10 day range (61.70-66.05).Yesterday we have seen a strong stop hunts by bears around 61.90 area and price barely managed to come inside the range. Speculative sentiment index is around 80% and technically the outer rectangular range bottom around 57.40 level needs to be tested before any upside...
Dax managed to stay inside the monthly range, unlike Us indices ,Dax avoided any heavy loss regardless of the situation in middle east as well as the higher inflation numbers from US. Price is likely to continue inside 15130-15330 rectangle with few more Higher highs and Higher Lows ,Speculative Sentiment Index is around 40% and fluctuating rapidly after every...
Gbp/Usd is trading inside the Strong Rectangular range since the Brexit, lacking essential catalysts for an upside breakout/Central bank keep intervening it to support the economy. On daily TF, price is approaching the strong resistance around 1.4200 and likely to make 150-200 pips high to clear the cluster of stop losses / Speculative Sentiment Index is around...