After considerable resistance for 3 back to back days, 22 November 2017 daily candle of ETHUSD finally closed above the symmetrical triangle and the digital coin looks very bullish to break the All Time High. Although 396.00$ looks a tough resistance to break. If the coin breaks that level and sits outside the symmetrical triangle we may expect a move till 415$...
This GBPCAD market has broken the daily level of 1.66 on last wednesday candle closing. Now the market is trying to retest this level. I am looking for a bearish price action signal near 1.66 to go short on this pair because 8/21 EMA is also indicating me a strong bearish market plus from 1st May the market has started a bearish flow and making lower highs and...
This market is continuously making Lower Highs and Lower Lows and the area highlighted in my view will be a critical area to watch for bearish evidence and go for SELL entry. I keen to keep charts simple as possible. Let's see how market unfolds from there.
Here is the Weekly, Daily and 4Hr chart of GBPUSD. The GBPUSD is continuously making HH & LL and break the price barrier of 1.2865 and did a restest of this level. So overall this market is looking very bullish righ now and I am going to add buy Positions on any weakness spotted or wait for any price action signal to go long. However on analyzing 4Hr chart, it...
GBPJPY looks to me strong sell from 147.85 if any bearish evidence found. However if it breaks the resistance and make a pullback then I will look for bullish price action signal. I am keeping my eyes on this pair. Lets see what it will unfolds in couple of weeks.
CADJPY is right now at very very important level. My views are strongly favoring the bullish market and I am looking for the price to break 88.75 to 90.00 and give a pullback. Then I will take a long position based on bullish price action signal. However alternative scenario will be that if the price failed to break that above level then will enter sell by seeing...
Just spotted not a traditional but effective ABCD pattern. I will take Buy entry when 5EMA crosses 10EMA and my first TP will be 23.6 level of Leg AD and second TP will be 38.2 of Leg AD. Nice Risk reward. Hoping Well