Bullish divergence is spotted on 4H as well as 1D TF of the GBPUSD pair. The price is likely to show some upward bullish move. We can target the overhead resistances for take profit targets.
As per the points chart, short bias is adopted. Trade your levels accordingly.
As per the points chart, short bias is adopted. Trade your levels accordingly.
As per the points chart, long bias is adopted. Trade your levels accordingly.
As per the points chart, long bias is adopted. Trade your levels accordingly.
As per the points chart, long bias is adopted. Trade your levels accordingly.
The 4h chart of USTECH100 has shown bearish divergence. The retracement leg is also nearing 0.5-0.618 Fib. levels. Wait for bearish confirmation, which could even be the trend line breakout towards downside. Adjust your SL accordingly.
Bullish Trend on H4. Price has recently broken recent high. The last bullish candle has also given a close above the key (daily) resistance level of 1953. Based on Fibonnacci projection, the price may get retraced between Fib. levels of 0.5 and 0.618. The EMA 50 also acted as support to the recent price action. We can go long here, with SL and TP as shown on the chart.
Based on Dow theory, the resistance and support levels, and the bearish candlestick patterns, a short sell position can be opened with SL and TPs as indicated on the chart.
Gold has shown a breakout from ascending / symmetrical triangle. Bullish candlestick patterns. Short term long position can be opened with SL and TPs as indicated on the chart.
Short term bearish price action (Dow). Upper long-term trend line resistance respected. Price breakout below the short term trend line. Bearish candlestick patterns. Short sell position can be opened with TP1 and TP2 as indicated on the chart.
Bullish Bat pattern identified on AUDUSD chart. The bullish reversal of price / trend also did take place.
The price has bounced from the trend line resistance, and is in bearish trend. Based on the projection of the ABCD pattern, a short position can be taken up, targeting the immediate support level at 1.28836. Trail your stop loss.
A near to perfect ABCD pattern is under formation on the AUDUSD chart on the hourly time frame. A short position can be opened here as we can see an approximate confluence of trend line resistance, Fib. level (0%), resistance level, as well as the bearish candlestick pattern confirmation. Profit taking can be done based on projection realized by the leg CD of the...
The bullish Bat pattern is in the making on the hourly time frame. The price is currently at a weak S/R zone on the hourly time frame (scenario 1). We can long from here if the price action shows some bullish confirmatory candlestick patterns. Otherwise we can wait for a test of underlying supports (scenario 2 and scenario 3). Trade your levels accordingly,...
We can see the formation of bearish ABCD pattern. The C point retracement is close to the important Fibonacci level of 0.382. The BC projection is close to Fib. level of 2.0. Also we can see a confluence of strong resistance at the current price level, brought in from the chart's daily time frame. The candlesticks have also been dominantly bearish at the current...
Considering the bullish price action as well as the bounce from trend line support and the Fib. level of 100%, a long position can be opened targeting the profit at Fib. level of 127.2%.
Price is in bearish trend, and respecting the trendline resistance. A short sell position can be opened with profit taking coinciding with the Fibonacci levels.