Bias: Short Trade Plan A: Short at 123 SL 131 based on Fib Take Profit 1 - 114 Take Profit 2 - Trailing Stop Loss
Trading Plan Plan B Short at support level of 110 Stop Loss 118 Take Profit 1 100 Take Profit 2 90
Bullish Indicators: Chart Pattern: Bullish AB=CD complete. Candlestick: Hammer and Bullish Engulfing . Fibonacci support at 118 Trading Plan Buy at current level @ 118 Stop Loss 115 Take Profit 1 122 Take Profit 2 127
Trading Plan: Plan A: Buy at current price @ 103 Stop Loss 98 Take Profit 1 - 109 Take Profit 2 - 120 Plan B: In case price falls below the support level 100. Short @ 99 Stop Loss 103 Take Profit 1 - 95 Take Profit 2 - 91
1) Dow Theory: Previous Lower High has been broken by a Higher High. 2) Candlestick Pattern: Bullish Engulfing/3 White Soldiers and Inverted Hammer at Lower Low indicates a possible trend reversal. 3) AB=CD is complete again pointing to trend reversal. 4) Fib at 0.786 is at a confluence with Support Level at 175.77 5) April has been a bullish month 8 times in...
Applied the Fib Retracement Tool to see the support and resistance levels.
This chart denotes the various bearish candlestick patterns.
This chart denotes the various bearish candlestick patterns.
This chart denotes the various bearish candlestick patterns.
There is a reversal in the bearish trend as indicated by the Tweezer Bottom, followed by Three White Soldiers.
Currently, it is moving in an upward trend, I will wait for a correction to the new higher low and then make an entry.
The price dropped down massively when it was riding on the bullish trend due to the announcement of the war. However, the bullish hammer then gave us an indication of the trend reversal and an upward trend is again being seen.
Short-selling on the bearish trend. The entries have been added on the chart along with the predicted direction. Trade has been executed on ICMarkets.
Riding on the Bullish Trend with a stop loss of 0.71610 purchased at the rate of 0.71875. Updated the chart mentioning these entries.
There appears to be a reversal of the bearish trend after the break of the previous lower high possibly going into a bullish trend.
Riding on the Bullish Trend with a stop loss of 0.71610 purchased at the rate of 0.71875