The harmonic pattern bearish ABCD pattern completed it formation which added the downtrend of the pair. The price hae moved to potential reversal zone and formed a bullish divergence indicating the bulls might be taking some charge. In Order to show strenght bull need to take out last LH and form a new high to change the trend.
The metal took a long beating from 34$ to 30$ and was in douwntrend, but now it have started to show sign of bullishness. The metal is about to broke it long term downtrend line after encountering good support zone of daily and a bullish divergence on RSI. The metal needs to be watched carefully and entry can be taken only once it break the it LH @ $32.
The pair continue its downward fall. after showing some sign of bullishness on RSI the pair only made it to downwared trendline which accelrated its downfall. After touching key level at 0.5 fib retracement level entry of short canbe taken.
The pair had made a bullish divergence. There could exsist a potential setup after it break it last LH.
The pair have shown sign of weaknness and printed a HH in price while a LH in RSI showing bearish divergence.
This is moving wildly up and down without giving any idea of its direction where it is heading. On 4H TF i believe it is consolidation phase after brearking away from its downward trend. Trade plan: Two confluence are present once bullish divergence on RSI and consolidation box bottom can be the reason that pair might move upward. Entry can be taken once the...
Gold has been breaking it historicall highs and have been in up trend. Altough in last few days it have eased down but at the end of the month it is consecutively ending in gains. Looking at it on 4h TF it has unable to cross its resistance zone of 2530, rejected 3 times. the underlying trednline support keep pushing the price higher with mutiple retest of this...
The pair has given a big bullish candle breaking it's trendline resistance and complimenting it's bullish divergence formed by RSI. This move still not strong enough to put confidence in this bullish move. The bulls need to show inspiration and move the pair up breaking it previous HH. Currently the pair is moving around its 0.382 fib level. Trade Plan: Once the...
In the previous sessions the pair was under volatility move. After breaking the previous low gving confirmation of downtrend. Currently the pair is consolidaing giving no clear direction of where the pair is headed. Support and resistance is marked on the chart. But as per my analysis the the consolidation will break down as it is bearish rectangle...
After making a new High the commodity made a downward Trend and started to fall. The down move was anticipated as there was bearish divergence on RSI. Currently the peices bounced back again and is currently trading near the fib level of 0.5 plus a downward trendline. These confluences are good to go short and move with the trend. Trade Plan: Keeping the market...
EURCHF pair in past week is in down trend. Formed bearish divergence on RSI coupled with Rising wedge pattern and we entrered the position at the breakdown of the wedge. Now applying the harmonics it is forming a Bullish Harmonics ABCD Pattern with projection of PRZ (Potential Reversal Zone) at major key level where the pair had previous consolidated before the...
GBPUSD has made a recent LL, breaking it last 2 week gains in up trend. The pair printed a bearish divergence showing trader the strenght is weak.In the later week the pair broke its LH and formed a new LL. Currently the pair is in consolidation in a box pattern. This shows a mutual consent of buyers and sellers but break down could occur as last week sellers...
The pair has broken its long bullish run by breaking its trend line. Now it has shown sign of bearishness by printing bearish divergence on RSI plus break its previous HL. The pair is currenlty in making of bearish flag pattern which is a continuation of bearish trend. Trade Plan: Short position can be taken at break of pole with confirmation that bearish trend...
The pair is making a rising wedge with bearish diveregence on RSI. Short position can be taken at CMP with SL at last HH
The dollar pair had broken it downtrend on 1H TF. The bullishness showed by RSI and break of previous LH further confirmed this stance. Entry can be take at break of last HH so that trend will be confirmed and last HL will be the the SL.
Last week silver break's its extended short term trend and finally make the move upward. After printing HH and HL structure the metal is ready for a pullback. The question to ask as a trader where to enter and what will be the SL? 0.382-0.5 fib level seem to be the major confluence point as TL support lies there and a major support area where previously the...
The pair is in downtrend overall, currently consolidation to continue it's down trend. If the pair is able to break its previous LL entry can be taken with previous LH as SL
After a series pf LH and LL the pair showed some sign of bullishness. The price finally break through downward trending line and started to move in sideways movement indicating accumlation was in progress. Price brek through the sideways movement and the pair printed a HH. Currently the pair has come to restest the accumlation area before starting its trend.