amanpaulbhogal

amanpaulbhogal

Criteria meeting long set up: - low test bar close - support at ~4450 - trend line support (third test) - rejection of 200 ema - ascending triangle pattern entry - above high of low test bar stop loss - below low of low test bar target - at next resistance level or higher

amanpaulbhogal

Watch out for a retest of the ascending trend line on S&P500 which may give bullish signs. If price breaks and closes below the trend line a retracement back into the trend line may give a viable shorting opportunity.

amanpaulbhogal

EUR/GBP has been in a range since March 2015. Another retest of ~0.7400 at the top of the range and a high test close with oscillator bearish divergence offers a short position in the ranging pattern possibly reaching the bottom of the range at ~0.7000. entry - below low of high test bar stop loss - above high of high test bar target - bottom of the range/support...

amanpaulbhogal

Bullish again on DXY in a trend continuation pattern after Friday's retest of previous resistance, post break out, and the 50 ema.

amanpaulbhogal

An inside bar closing above a support zone and 50 ema including oversold conditions on the oscillators hint at a bullish rally in maintaining the up trend.

amanpaulbhogal

Criteria for long position: - new up trend on 4 hour time frame (successive HHs and HLs) - low test bar - 8 ema support - horizontal support at ~0.7245 - 38.2% Fibonacci retracement - Stochastic convergence entry - above high of low test bar stop loss s- below low of low test bar target - 127.2% Fibonacci extension or higher

amanpaulbhogal Updated 

Cycling downward in a down trend GBP/USD has pulled back into a previous support area, now resistance (at ~1.5250), after breaking below hence retesting old support, and the 20 ema as well as the ascending trend line that it violated in its recent impulsive downward phase. Price found resistance at the 50% retracement too which is in near proximity to...

amanpaulbhogal Updated 

Upon producing a new low price has shown bearish continuation than a bullish turnout that was outlined in my previous post. A pull back into the 20 ema, falling trend line and 0.618 Fibonacci level, and closing as a high test shows further downside to follow in price action. Bullish divergence, a visible caveat, however, is suggestive of possible further bullish...

amanpaulbhogal

After showing some resistance to the 1.3350 price area price signals bearish behaviour to follow. A high test bar offers an entry point and Stochastic bearish divergence brings confirmation for a potential drop in price. entry - below low of high test bar stop loss - above high of high test bar target - 50 ema for 1:1 reward-risk profile or previous support level...

amanpaulbhogal

Potential scenarios are outlined on the chart for an ascending triangle break out to the upside on GBP/CAD.

amanpaulbhogal

Showing clear cycles to the upside the recent retracement to a support level and close as a bullish engulfing bar including a retest of the 20 ema and a rejection of the 78.6% Fibonacci level are demonstrative of bullish impulse. entry - above high of bullish engulfing bar stop loss - below low of bullish engulfing bar target - most recent swing high or higher

amanpaulbhogal

Pushing higher Goldman Sachs's share price is cycling on a bullish note. A recent pull back that visibly has ended at a previous resistance level, now becoming support, and the Fibonacci cluster (78.6% and 50%), and a retest of the 50 ema that is angling upward is an indication of further bullish momentum in the stock price. entry - above high of bullish...

amanpaulbhogal

Double bottoming at the 0.7050 price level and ending Friday's trading session as an inside bar where the oscillators convey bullish divergence a likely bullish scenario is in development. There is potential for price to rally back into 0.7400 after breaking through and closing above ~0.7210. entry - above high of inside bar stop loss - below low of mother...

amanpaulbhogal Updated 

Short set up on USD/CHF by taking cue from: - bearish engulfing bar - resistance at ~1.0080 - Stochastic and RSI bearish divergence entry - below low of bearish engulfing bar stop loss - above high of bearish engulfing bar target - previous support level

amanpaulbhogal

The most likely scenario would be a potential retest of old support ~46-47 after a consolidation breakout downward.

amanpaulbhogal

Reasons for taking a short position: high test bar rejecting a previous level Stochastic in overbought territory Price action below Golden cross entry - below low of high test bar stop loss - above high of high test bar target - at previous low or lower

amanpaulbhogal

Sitting in a range EUR/USD may rally back to the top of the range. If not, it may retest the level halfway and continue downward. Signs of bullish anticipation are shown by price finding support at the bottom of the range, a near resembling low test bar - but really a bullish reversal bar , and Stochastic and RSI bullish divergence . entry - above high...

amanpaulbhogal

As pressure builds up in the consolidation channel outlined on the chart the likely breakout direction is upwards.