abid8550

abid8550

World is facing a great financial recession period due to Corona virus pandemic. People as well as financial institutes are facing great difficulties to cope up with the situation. Many financial institutions are going bankrupt and traders are getting margin calls. Hope this situation will be over very soon. We know that before an economic development phase world...

abid8550

In 30Min time frame we can use chart patterns to get some trading opportunities!!!!! Hope it may help traders....

abid8550

GBPCAD couldn’t able to sustain above the longterm downtrend line for long. A clear Head & Shoulder pattern has been formed. Also Last trading day we saw a close below important level 1.7080. Trade Idea: We should look for short trades below neck line. Here better not to have long trades until clear confirmations. Regards Abid Hossain

abid8550

We can see GBPAUD now at the very end of long term wedge pattern. Also observing the price action there a huge possibility of forming a Head & Shoulder pattern. Trade Idea for Long: We can go long above 1.8861 level towards psychological resistance 1.9000. And even after confirmed break above level 1.9094 we can take long trades. Trade Idea for Short: If our...

abid8550

We can see gold perfectly broken the falling wedge pattern and closed below very important resistance level 1555. Recent rally shows a very positive demand for gold. But analyzing the previous prices to me 1564-1555 zone will work as resistance zone. We can expect some retracement towards 1532 level. A successful break above 1564 level will give us opportunities...

abid8550

Price has been respecting the long term downtrend line for a long time. Last 5 days we have seen that price is trying to cross the trend line in upward direction. From the movement and nature of the price action we can assume that the short term uptrend will continue. We need proper break out and retest of the trendline and the level 109.32 Trade Idea: Long...

abid8550

Price has been successfully respecting the long term uptrend. Thursday we saw a close below 0.9805 resistance but on Friday we see that price respected the trend line and closed above the resistance. Also we see that price has created a long term triangle pattern. Trade Idea: Long Trade • We can see a little retracement on Monday after that we may see price...

abid8550

Findings: Time frame: D1 • Price still respecting the Long-term Downtrend and we don’t see any close above the trendline. • Price has respected the resistance level 1.1176 again and a beautiful triangle pattern has been formed. Also we can see that a short term uptrend has been breached and price moved down again and respected a support level 1.1075 Trade Idea:...