Bullish Bias 1. Higher High formed 2. Double bottom 3. Three White Soldiers 4. Fib level Retracement to 0.61 & bounce from there
Bullish Indicators: 1. Higher highs & higher lows 2. Bullish Pennant pattern form 3. Retraced to Fib level 0.38 & bounced 4. No hidden divergence found on RSI Entry: Waiting to get to the convergence of the pennant.
Bullish Bias 1. There is strong support at current level. In the past month, the price has bounced from the current level. 2. Bullish Engulfing candle formed 3. No hidden bearish divergence on RSI
EUR USD has reached its double top 1.02660. It was rejected from the same level 3 times on 19th, 20th and 21st July. If it breaks that level, it could have a bullish run. If it breaks from there, it could be a sell opporyinity. On Daily chart, EUR USD is still on a bearish trend so it is likely that it will be rejected from this level.
Rising wedge formed on NFLX daily chart. It is reaching to towards the apex of the wedge and ready to bounce. Interestingly there is massive gap just above the current range so I think it can go up to fill the gap.
There is a triple top formed on USDJPY on 134.55. It has been rejected from that level multiple times in last few days. Keeping an eye on that level to be tested and going long if it breaks that or short if rejected from that level.
TSLA has been forming Ascending triangle on 1H chart & making HL. It has now reached the apex of the ascending triangle and ready to break out. Also to mention that TSLA shareholders approved 1:3 stock split which is again bullish move.
GBPUSD 1hour chart is making higher highs and higher lows and moving in a parallel channel. Using Risk Reward 1:1 Long here with SL = 1.2122 and Price target 1.2237
Going Long on USD CHF as it has bounced from its support. There is three white soldiers pattern formed. Tight stop loss on the support.
on 1 hour chart, there is ABCD pattern, there is bearish bat man so expecting a downward trend here
USD CAD 1h chart has Morning Star pattern. I am trying Fibonacci retracement levels on the chart. There is tight SL under it.
BEaresh Trend 1h chart of ETH USD. It is getting rejected at the resistence and there is Tweezers Top formed there at the top.
AUD USD short based on the rejection on the trend line.
There are bearesh patterns on the ADA USD chart (1hour) like Tweezers top and Shooting Star. I think overall momentum is all bearesh.
GBP USD chart has lower lows and lower highs and three black crows formed
Inverted Hammer Pattern Formed on 1H chart for XNG USD.
Tweezer Bottom Pattern formed on USD JPY 1 hour chart.
XAU CHF has a Bullish Engulf pattern on 1h chart at the end of bearish trend. #week03assignment #Zeeshan