amanpaulbhogal

amanpaulbhogal

With a low test close testing a support area and the ascending trend line , and rejecting the 0.382 Fibonacci level as well as the 50% retracement line , this a long continuation trade with a preliminary target at the next resistance level. Entry above high of low test bar and stop loss below low of low test bar.

amanpaulbhogal Updated 

Close of price as a high test bar below a tested level (at ~1.1050) in conjunction with the 8 ema resistance and an apparent "kiss of the trend line" after a break below close below prompts an aggressive set up to the short side with at least a 1:1 reward-risk profile. entry - below low of high test bar stop loss - above high of high test bar target - at...

amanpaulbhogal

A retest of ~0.7070 and a third retest of the ascending trend line shows price maintaining structure of new higher highs and higher lows. As indicated too to by oscillator hidden divergence a bullish rally may resume. entry - above high of Friday's reversal bar stop loss - below low of Friday's reversal bar target - at or above previous high

amanpaulbhogal

A low test close at a previous level and oscillator bullish divergence suggests potential upward rally on EUR/AUD.

amanpaulbhogal

Short set up/entry reasoned from: - high test bar close - resistance at ~2.1470 - trend line resistance (4th test) - rejection around 50 ema - 50% retracement and close below - oscillator bearish hidden divergence entry - below low of high test bar stop loss - above high of high test bar target - at previous low or lower (after break of and close below previous low)

amanpaulbhogal

- aggressive down trend (price trending below 8 ema) - close as a high test bar after: - retest of level after break (1.0800) - retest of 8 ema - 0.382 Fibonacci level rejection and close below entry - below low of high test bar stop loss - above high of high test bar target - next support area/1.272 Fibonacci extension at ~1.0530

amanpaulbhogal

Shifting trend with a succession of higher highs and lows, price has found support at the 8 and 200 ema , and a price level of 1170 which are all located in very close range to one another. Closing the day as a bullish engulfing bar in this support area signals a continuation of further bullish momentum . entry - above high of bullish engulfing bar stop...

amanpaulbhogal

Rationale for taking a short trade on GBP/USD - down trend (lower highs and lower lows) - price pulled back into a previous level at 1.5500 and 200 ema, and closed below both thus encountering resistance - an inside bar formed just below this level of resistance - in its pull back, price also found trend line resistance (4th retest) and closed below - oscillator...

amanpaulbhogal

Following oscillator divergence between the August and September highs price has had a deeper pull back into a suitable buy zone where bullish momentum is likely to kick off of. The buy zone is a region on the chart where price could find support in the 1.2780 area, at the bottom of a rising trend line and on 50% retracement line. Bullish signs in this buy zone...

amanpaulbhogal

After today's bearish engulfing bar close below the marked resistance area on the chart a pull back is imminent on the DOW Industrials daily time frame. Stochastic and RSI convergence, and recent trending price action structure show the increased likelihood of bullish momentum to ensue after a suggestive pull back.

amanpaulbhogal

AUD/USD has formed new structure recently showing signs of a trend reversal. Whether this continues to hold longer or not is for price action to reveal. As for now, a potential bullish continuation is brewing after what seems like a shall retracement. The close of price action by end of day as a low test bar above ~0.7250, where price has found support, will...

amanpaulbhogal

After breaking below the 2.55 price area recent price action is seen to pull back into and retest it showing signs of potential downward continuation. This price level is in very close proximity to the 20 ema and the 0.382 Fibonacci level. A bearish reversal bar thrusting off of this bundled rejection region is an offering of a short entry to resume to the...

amanpaulbhogal

If prices closes as a low test bar by the end of the trading day, the price of WTI could continue to rise over the near future. As a signal of bullish momentum, in addition to a possible low test close, price will have had to close above 47.00 after a retest of this level. Support is also seen to be occurring at the 20 and 50 ema where the 20 ema could cross over...

amanpaulbhogal

In a recently structured down trend GBP/USD could proceed lower after Friday's close as a bearish reversal bar hitting resistance at ~1.5350 and 50 ema. Price also closed below a Fibonacci cluster (38.2% and 50% retracement level). entry - below low of reversal bar stop loss - above high of reversal bar target - at or lower than previous low

amanpaulbhogal

USD/SGD exhibits signs of bearish oscillator divergence as confirmed between price action and the Stochastic and RSI indicators. Price closes the day with a high test bar below a level where resistance is present. entry - below low of high test bar stop loss - above high of high test bar target - previous low

amanpaulbhogal

A bit late in posting, but since my entry short hasn't triggered, I though I'd write a quick post. So price met resistance at the 1.3350 area and closed underneath as a high test bar. A short entry signal is pronounced with the accompaniment of oscillator divergence on the Stochastic and RSI indicator. As it is Friday, there is a lull in the markets as usually is,...

amanpaulbhogal

0.7225 stands out clearly as a level on the EUR/GBP daily chart where price, it seems, is reacting in a bullish manner today. By day's end, should price close above this level, continuing bullish momentum could ensue. Evidently, this horizontal level, 50 ema and 50% retracement are acting as coalescent support. On the contrary, a close below 0.7225 may have price...

amanpaulbhogal

Because price has broken out of a channel I will look to join the down trend on NGAS at the potential retest of previous structure around 2.64.