Trend: The overall trend of the script is downwards. Making a series of LL and LH according to DOW theory. Support and Resistance: Blue lines indicate the S/R in the weekly time frame while red lines indicate it in the daily and 4hr time frame. Short Position Justification: Two bearish candles spotted on the LH of the chart, just below the daily resistance which...
Trend: Downtrend according to DOW theory a series of LL and LH Reason for Taking Short: A formation of Bearish Engulfing Candle at the LH of the trend right at the resistance level indicates a downfall in the price. SL: At the privous LH of the trend. TP1: At the nearest support of the trend. TP2: Nill.
Down Trend: A series of LL and LH Short Reason: An entry was taken upon the tweezer top. It indicates that the price will move downwards from this point. Support and Resistance: Blue lines show the weekly support and resistance whereas red lines show the daily resistance. SL: It is placed at the previous LH of the chart. TP: First TP is near the closed support...
Trend: The overall trend is downwards as it is making a series of LL and LH according to DOW theory. Reason for taking Short Position: A formation of the tweezer top at the LH of the chart indicates the price will move downwards from here and touch the bottom of LL. TP1 is set to the LL of the chart where as TP2 is set to the next resistance level. SL is placed...
Trend: Potential Upwards Price Movement Reason: Formation of the tweezer bottom at the LL of the chart on 1Hr time frame. That means the price will slightly move towards the nearest resistance level.
Trend: The current trend of the market is upwards. Short: The decision of taking a short position from here is based on the shooting star pattern. It shows the potential decrease in the price from this point.
Trend: The overall trend is bearish Short: A shooting start has formed at the LH of the GBPJPY. It show the potential downtrend in the price.
EURUSD will likely go down from here as three black crows are formed on the chart that shows the intense selling pressure. The overall trend of the chart is downwards which is visible in HL and LL points.
A clear hammer pattern is visible on XPDUSD in 1hr time frame. It shows the uptrend in the chart.
An inside bar has been formed in the XPDUSD chart on 1Hr time frame. It shows the potential uptrend of the instrument.
A clear formation of a Bullish engulfing pattern can be seen by the naked eye on 1Hr time frame of OILUSD. It shows the price will move further upwards in the coming hours.
A Bullish engulfing pattern is visible on 1hr time frame of EURUSD that show the uptrend in the chart.
A formating of three white soldiers can be seen on 1Hr time frame of the USDCAD chart that depicts the short-term price hike in the instrument.
A bullish engulfing pattern is visible on the USDCHF chart which indicate that the price will potentially go up in coming hours.
A clear formation of LH and LL can be seen on the chart. According to DOW theory, it shows the downtrend. So the price will likely move down in the coming hours.
GBPUSD is moving down on different time frames. A series of LL and LH can be seen on the charts and indicates that the price will go down in the coming days.
There is a series of lower lows and lower highs in the chart of different time frames including 1D,4h, and 1w. It shows the overall downtrend of XPD according to DOW theory.
Matic/USDT is moving upwards by forming higher highs and lower lows in 4hr and 1D time frames. This formation is a sign of the upward movement of the price thus it will most likely go up in the coming hours.