Whenever bearish divergence appears on the monthly chart of USDPKR, it took a 5-6% correction in first instance and if the divergence appeared again successively the instrument took a correction of 9-10%. Currently one bearish divergence was appeared and price action got corrected. Lets wait for another Bearish divergence to witness a good fall in USDPKR.
A bullish flag pattern is formed on gold on a monthly chart corresponding towards a series of all times high in coming years, hinting towards a possible meltdown of all other risk on assets. However a very strong resistance zone of 2050-2076 lies ahead.
Bullish trend established with HH and HL. Buy on breakout of cup and handle pattern.
Gold is running into a long term bullish move and getting higher and higher with corrections. Tp is near 2000 completing an inverse Head and Shoulder pattern. Buy around 1870-1880 should be consider for 2000 tp.
Bearish flag has been formed and likely to give a breakout, sell entry can be taken upon breakout
GBPJPY has successfully formed a bullish flag and gave a breakout from the pattern. Buying bets can be undertaken upon retest of the breakout.
Inverted cup and handle formation is evident and a short entry can be taken on the break of the handle.
After given breakout from the parallel bearish channel, DXY has found it self in heavy waters as it struggles to close above MA50 and subsequent horizontal resistance line. It is likely that DXY will retest lower support lines as hidden bearish divergence is also evident.
Short Trade Plan for gold. Gold likely to retest its MA-20 levels for further upside move.
Rejection from trendline resistance along with hanging man candle.
Long Trade Plan for GOLD (XAUUSD). Trading in bullish parallel channel. Given respect to trend line support with bullish hammer candle.
Short BTCUSD on breakdown from rectangular pattern. As BTC is failed to mark new HH it is likely to retest lower support levels for further bullish move. Short on breakdown only.
Long on BTCUSD as BTC is likely to test 25000 level
Long on XTIUSD (Crude Oil) on the basis of bullish parallel channel. Weekly resistance lies at 85 level and it is likely that crude will test this resistance area.
Short Sell Plan on BTCUSD on the basis of trading strategy one
Trade Wars, Short Sell on XTIUSD on the basis of different principles.
Week-12, Long on GBPUSD on the basis of trading strategy 1 based on different principles
Short Sell on AAPL on the basis of trading strategy 1 based on different principles.