EURUSD is on a very good support,making a bullish divergence on RSI,will wait for break of previous highr low for target of 1:1.
GTYR providing oppertunity to open long position for a very good risk to reward trade.A very perfect falling wedge pattern breakout with a matured bullish divergence on RSI is indicating the bullish rally.Double bottem under Moving average 44 with bullish candle is also another confirmation to our bullish stance.
UK-100 is in perfect bearish channel making LH's & LL's, currently going to test its immidiate resistance at 8250 which is 50% fibnachi retracement too.We can go for short at said level with Stop loss at previous LH which is 8270.
Gold is making a bearish head and shoulder pattern,indicating potential sell off position.More over,todays Un employement claims are expecting to be positive for USD as inflation cools down and consumer confidence increasing,therefore having potential positive impact on DXY. What's ur take guyz..?
Stock is showing double top bearish pattern confluencing with bearish divergence on daily time frame.Also yesterdays bearish engulfing candle supports bearish bias. Could be a very good short entry with stoploss above recent high and targets should be the last HL.
Currently trading in a falling wedge pattern,stock is a buy now position having bullish divergence on RSI.
UK-100 is on the verge of Symetrical triangle breakout. We will buy it on the breakout confirmation and targets last high.Our stops wil be last Lower High.
US Natural Gas is in buy position,as on Daily time frame making a bullish divergence and just taking support from 0.5 Fib level. Targets should be very next resistance which is 2.121 to 2.219.
LOTCHEM is moving in down parallel channel,testing its lower line with a clear bullish divergence on the RSI.
Netsol is buy on dips,breaking long consolidation range is on bullish move could give good returns.