GBPAUD has made a bearish divergence on every time frame from 5 minutes to 1 hour. MACD and MFI are also indicating that bears will take control for a short while, what do you think? Entry at 1.94291 at CMP SL at 1.94225 and TP at 1.94107.
XTIUSD has made a divergence on 5 and 15 minutes timeframe. I believe it will go down in short time. SL and TPs are mentioned on the chart.
USDJPY is making a bearish divergence on 15 minutes timeframe. MACD, MFI are also indicating that bears will hold for a while hence shorting.
ETHUSDT trending in a descending channel reaching a major support on 4H chart. RSI is below 30 level and if the support is not broken then the bias will be bullish. Buy above 2263.66 and SL should be at 2156.78
ETHUSDT trending in a descending channel reaching a major support on 4H chart. RSI is below 30 level and if the support is not broken then the bias will be bullish. Buy above previous HL of 2263.66 and SL should be at 2156.78
EURUSD is in ABCD Pattern on 4Hr timeframe with a bullish divergence. Currently it is printing gradual HH and HL and is slightly above the weekly Pivot point of 1.09549 but I believe that in next couple of weeks it will go bullish and the potential reversal zone of this trend will be around 1.2430-1.3000. Euro Index also printed a bullish divergence from 3rd to...
EURUSD making ABCD bearish pattern. My bias is bearish based on the following: At 1H it has already printed bearish divergence twice and at the moment it is sideways probably in a distribution phase. DXY index is rising at 1 hour and Euro index is falling. At 1H simple dow theory as the chart is making LH and LL Entry point at the break of previous LL...
GBPCAD is in bearish trend and printing LH and LL. There is no divergence on 1H timeframe at the moment. Oil prices are also on the rise which will probably strengthen CAD resulting in further bearish trend. Sellers will be in control once support level of 1.66593 is broken. It will get retested and then hopefully, will go further down to 1.66067.
GBP is trending in a bullish trend. Opened two positions at Fib level of 0.618 at RR of 0.5:0.5 and 0.5:1. Lot sizes of 1.85 each.