faisal-101

05:24

faisal-101

Two things I have missed in the video 1: when the price breaks the resistance and marks HH we can see bearish divergence in both cases 2: in both scenarios from the support level to the new HH price moved up almost 10-11%

faisal-101

with bearish divergence and fixed volume range tool, the trend looks promising for a decent bearish run. This time the correction was about 2.40% and the last two were between 1.50%-1.90%. One more major confluence is that we can see bearish divergence and trend reverses after correction. For evidence, I have drawn bearish divergence on 3 occasions. Apart from...

faisal-101

for quite some time the price remained in range, which can also be called the consolidation phase. The current scenario shows that after breaking the support level the price is now retesting it. I have opened the short position by placing sell stop order and aiming at 1:2 RR.

faisal-101

with two consecutive bullish divergences and last LL was not violated it seems that from here trend can be bullish. Trendline acting as resistance touching LHs has been drawn to look for a decent entry. Trade plan should follow the trend as when it will break the last LH place the buy stop or wait till the price make fresh HL and HH. Apart from that buy position...

faisal-101

looking at the 1st scenario, we are aiming for an upward trend; for that, the price must break the marked resistance. Overall, the trend is also quite bullish and respects parallel channel quite well. Scenario 2 tells another story in which we are looking for a bearish trend and in the favour of this situation the price has broken the trendline but for further...

faisal-101

the trend is making LHs & LLs and currently, the price is in the direction of marking the LH. The idea is to take a short position when the price touches the trendline and place SL as it is shown on the chart. One more major confluence of the bearish trend is that if the price makes its LH it will be in the region of golden Fib pocket".618". I am targeting 1:3 RR...

faisal-101

the chart clearly shows that the price respected the cup & handle pattern by breaking the handle quite strongly price projection has also been marked, right now the price is in range with bearish divergence moreover yellow trendline acting as resistance for some time and to break that it is good for BTC to be in range for some time

faisal-101

with the last bearish divergence, the price dropped so sharply that it broke the bullish parallel channel and the current scenario indicates that there are higher chances that the price will go down and to benefit from that situation instant selling by placing the stop loss right above the last LH would be a good idea to get 1:1 RR

faisal-101

A couple of confluences indicate that Gold will continue its bullish rally. First and most important is an overall trend quite bullish yet showing no signs of a proper reversal trend. Moreover, we can also see the pattern of AB=CD, and the values of this pattern are according to the standard which means that if "C" retracement happens at .5 then the projection of...

faisal-101

with bearish divergence, the price is currently retracing which is a healthy sign for a bullish rally. Right now the price is almost kissing .5 Fib so instant buy or weight for the price to retrace a bit more for a better entry. By applying Fib I have marked the buy limit order with stop loss.

faisal-101

after marking HH of almost 80.827, the price went down sharply, and once it broke the bullish trendline which was a major indication of a bearish trend for oil now it is respecting the bearish trendline by simply making LHs and LLs RR of 1:1 trade has been marked on the chart

faisal-101

I have marked 3 circles where the price has made a strong support plus the price has also indicated a broken trendline although the last bullish divergence is playing its role in pushing the price upwards the true confirmation of a bullish trend will be when the price will break the previous marked LH.

faisal-101

Breaking the resistance of 0.94400 on the third try, marked new HH, and completed retracement at .50 Fib. These are some bullish confluences that indicate the bullish trend for this pair. I have placed the buy-stop order to confirm a bullish move.

faisal-101

as can be seen, the price is facing marked resistance of 156.380 tried a couple of times to break it but couldn't apart from that there is a bullish divergence and major bullish confluence of "cup & handle" pattern and on higher TFs overall trend is bullish which indicate that this resistance is not as strong. Buy stop order has been shown along with the...

faisal-101

after breaking the marked resistance price, new HHs & HLs, and currently the price is marking its later and there is also a bearish divergence which is also pushing the price downwards. In such scenarios, Fibonacci levels play an important role and with the help of that, we can make our entry better with more RR. One can buy either at .5 or.618 Fib point SL is...

faisal-101

if the price breaks the triangle in an upward direction, it comes back for a retest and will be a strong indication of the bullish rally. Moreover, the price has not broken the last HL which is a good sign that it is still in an uptrend

faisal-101

following the DOW theory we can see a series of LHs and LLs in the parallel channel right now the price has also been rejected from Golden Fib pocket .618 which is another indication of a bearish trend with no major signs of reversals currently. A good short setup can be found on 1HR TF with decent RR

faisal-101

It can be seen that there is a clear bearish rally right now due to the strong momentum of DXY. After marking its last LL, a small bullish divergence can be seen which pushed the price upwards, and by applying the Fib the price got rejected from the "golden pocket.618". I have targeted 1:2 RR due to the strong downward price direction